Companies in Singapore must pay the salaries of their employees in a timely manner. They must also ensure that the deductions made from the salaries of their employees are submitted to the Central Provident Fund (PF) on time. Computation of basic wages, overtime wages and bonuses are some of the basic elements of payroll processing. However, in Singapore, the computation of donations to funds such as the Singapore Indian Development Association (SINDA), Mosque Building and Mendaki Fund (MBMF) and Eurasian Community Fund (ECF), together with levies including the Skills Development Levy, as well as withholding taxes, make it a complex function. Sovereign can provide a comprehensive, flexible outsourced Singapore payroll service tailored to each client’s specific requirements.
Interested in Singapore Payroll Services?
Setup your Business in Singapore
Share this story
- FDI surge in Dubai driven by high-tech and innovative businesses
- Abu Dhabi permits foreigners to own freehold properties in investment areas
- UAE/Saudi Arabia double tax treaty comes into force
The income and capital tax treaty between the United Arab Emirates (UAE) and Saudi Arabia (KSA) came into force on…
The Abu Dhabi government issued a law on 17 April to amend its real estate law to permit all foreigners…
Sovereign Trust (Gibraltar) Limited
Tel: +350 200 76173