Overview of Payroll in Singapore

Many organisations have employees based in Singapore, both resident and non-resident, and there are many different aspects to pay based on the employee’s residency status including contributions to the Central Provident Fund (CPF), maternity pay and leave and income tax plus the foreign workers levy. Employment law also includes the records that employers must keep as well as the different classifications of payments and the types of leave with the associated pay.

This course is aimed at those Payroll & HR Professionals who are processing or managing Vendors who process Payrolls in Singapore and need to have an understanding of the legislative and legal requirements involved.

Having attended this course delegates will have confidence that they understand the fundamentals of payroll processing in Singapore, are clear about employer obligations, know what they need to do on a periodic and annual basis, can answer employee queries and check payslips. Even if payrolls are outsourced it is still the employer’s responsibility to ensure all obligations are met and that income tax and social security are correctly processed. This course not only gives you the information you need to be compliant but also ensures you know exactly what information should be given to a payroll provider and the various tasks they should be completing on your behalf.

Country Overview:
✓ Country overview 
✓ Business culture
✓ Compliance

Employment Law:
✓Employer obligations including registering an organisation
✓Stock awards and share options
✓The treatment and reporting requirements for starters and leavers
✓Employer annual return
✓Employment records
✓Salary records
✓Employment law
✓Key employment terms
✓Employment Act amendments

Tax:
✓Income tax
✓Inland Revenue Authority of Singapore (IRAS)
✓Rates for tax residents
✓Filing tax returns and tax bills
✓Tax for non-residents, including the 15% withholding tax treatment
✓Gross taxable pay
✓IRAS audits and penalties
✓CPF audits and penalties

Social Insurance:
✓Social security
✓Central Provident Fund
✓Rates and contributions
✓Treatment for those in the first 3 years of Singapore residency
✓Labour department audits and penalties

Payroll Administration:
✓Payslips
✓Calculating monthly pay and notifications
✓Basic rate of pay
✓Gross rate of pay

Leave:
✓Leave and associated payments
✓Annual leave and public holidays
✓Sick leave
✓Maternity leave including the various categories based on the parent’s and child’s residency and the mother’s marital status foreign workers' reimbursement of salary
✓Adoption leave
✓Shared parental leave
✓Paternity leave
✓Childcare leave