Payroll Services

Common questions about payroll services in Singapore, answered by the team at E&H Corporate Services.

What is included in the payroll service?Payroll services cover monthly salary computation, CPF contribution calculation and submission, SDL and other levies, IR8A and IR21 preparation, auto-inclusion of employee income via AIS, and payslip generation — ensuring statutory deadlines are met.What are the statutory payroll requirements in Singapore?In Singapore, companies are generally required to undergo an annual statutory audit if they meet certain criteria, such as being a private limited company with corporate shareholders, having annual revenue exceeding SGD 10 million, or having more than 50 employees. Companies that meet the definition of a \"small company\" may be exempt from the statutory audit requirement.What statutory considerations are important for payroll management?Key items: CPF contributions for eligible employees, Skills Development Levy (SDL), income tax (IR8A/IR21), auto-inclusion scheme reporting, employment records under the Employment Act, and compliance with MOM requirements for foreign employees.Can I request payroll services for only selected employees?Yes. Payroll services can be scoped to selected employees (e.g. only foreign staff or only full-time staff). The service provider will compute CPF and tax only for the employees included in the arrangement.Does payroll services take care of statutory filing and reporting requirements?Yes, SBS Consulting relieves its clients from the statutory filing and reporting requirements. CPF contributions are deposited in employees CPF/MPF accounts and CPF reports are submitted to the authorities each month. Under income reporting, information about an employee’s salary, deductions, etc, details are submitted to IRAS. A foreign worker ceasing his or her employment is reported to the authorities. His or her payment is withheld pending tax clearance.What are the benefits of outsourcing the payroll function?Outsourcing payroll reduces error risk on CPF/tax submissions, ensures statutory deadlines are met (avoiding late-filing penalties), keeps employee data confidential, and frees your HR/finance team for higher-value work.

Can't find your answer?

Talk to our corporate services team — we reply within one business day.

Get a free consultation

Business Consultant

Lynn

Online