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How to prepare IR56B

This section provides an overview of IR56BEmployer's return of remuneration and pensions generation in computerized format.
  1. Define IRD Category of each pay type in Payroll Module Setup, Pay Type Tab
  2. When Pay Type Table is turned on, define the IRD Category in Pay Type Table.
  3. Define your Tax File No., Name and Designation in Taxation Module Setup
  4. Generate IR56B Batch  (make sure the April to March batches are all posted)
  5. Print IR56B checklist
  6. Print Taxable Income Report by IRD Category or Taxable Income Report by Pay Type and distribute to your employees
  7. Optionally print the Employee MPF Statement and distribute to your employees
  8. Export, manipulate and import back to IR56B Batch (if any, Web Client Only)
  9. IR56B Amendment (if any)
  10. Output IR56B Data File and the Control List, send the disk together with the control list or upload to eTax if selected the XML File format and less than 200 records. See How to upload "Completion of Employer's Return IR56B"
  11. Print IR56B forms in IR56B Amendment (for all employees) and distribute to your employees, see also IR56B Sample Output
  12. For any amendment (increase or decrease of the reported income) and correction of other information after submission, you can furnish a IR56B Replacement form to IRD
  13. If you have multiple employer per database, go to Step 4 and select another employer to generate a different IR56B batch
  14. When the whole cycle is completed, click the Post button on the IR56B Amendment tool bar to post (closed) this taxation year
  15. After the taxation year is closed, Download IR56B is available in Employee Portal

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