S.L. 372.14 Art. 20Payers to submit monthly payment advice.

Every payer shall prepare and forward, on a form supplied or approved by the Commissioner, a monthly payment advice

(including a nil advice) for the purposes of rule 15(2) which, apart from the details relating to the payer’s identity and the name and place of business, shall contain the following information:

(a) the number of payees to whom emoluments have been paid during the previous month showing separately the number of payees receiving emoluments referred to under paragraphs (b) and (c);

(b) the gross amount of emoluments paid to the payees in respect of part-time employment qualifying under article 90A of the Income Tax Act;

(bb) the gross amount of emoluments paid to the payees that represents qualifying overtime income;

(c) the gross amount paid to the payees in respect of emoluments arising from any other source, distinguishing between the value of fringe benefits and other emoluments and showing sub-totals for different categories of fringe benefits;

(d) the total amount of tax, if any, deducted in respect of the emoluments referred to under paragraph (b);

(dd) the total amount of tax deducted in respect of the income referred to under paragraph (bb);

(e) the total amount of tax, if any, deducted in respect of the emoluments referred to under paragraph (c); and

(f) the total amount of tax, if any, deducted in respect of the payees’ outstanding tax liability as directed by the Commissioner under rule 10.