Here's the detailed explanation as to why the MBMF amount is different in Payroll Report and IR8A:
In Payroll Report #14 (Payroll Yearly Report), the MBMF amount reflected is the total amount for Mosque Building Fund (MBF) and Mendaki Fund (MF).
While in the IR8A form, the amount is split into 'Contributions' and 'Donations':
- Mosque Building Fund (MBF) ➜ 'Contributions'
- Mendaki (MF) ➜ 'Donations'
Please refer to the image below regarding the breakdown of MBMF amounts in the IR8A form:
📌 Source: https://www.muis.gov.sg/give-back/mbmf/employer-information
If you processed the standard payroll in Justlogin, these amounts are automatically split to MBF (Contribution) and MF (Donation) in IR8A form accordingly.
For example - 78 is the total MBMF Deduction from employee's salary for the whole year:
- 18 will be for MF (Donation)
- 60 will be for MBF (Contribution)
But if you do the IRAS Opening Balance, you must manually split the MBMF year-end total accordingly:
Go to Payroll ➜ IRAS ➜ Other Forms ➜ IRAS Opening Balance
You should find these Tax Codes - Donation (g2) and Contribution (g3):
- MF = Donation (g2)
- MBF = Contribution (g3)
Here's the guide on how to enter IRAS Opening Balance: https://support.justlogin.com/hc/en-us/articles/360039890111-IRAS-Opening-Balance