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.