FAQ
What is a Payroll Services and why do i need?
payroll service handles all things related to paying your employees calculating salaries, CPF contributions, taxes (IR8A), and ensuring compliance with Singapore’s regulations.
What happens if payroll compliance is violated?
- Fines (e.g, late CPF Submissions)
- Blacklisting (for foreign worker levly breaches)
- Legal action (For severe Employment Act violations)
Are bonuses and commissions taxable?
yes, all bonuses, commisions and allowances are taxable income (must be repoted ro IRAS)
When must salary payments be made?
Salaries must be paid at least once a month and within 7 days after the salary period ends.
Can payroll be outsourced in Singapore?
yes, many companies use payroll outsourching services to ensures compliance with MOM, CPF, and IRAS rules