PAYROLL IN SINGAPORE

Here’s what you need to know about payroll if your business is expanding into Singapore. Singapore has streamlined many tax and payroll operations for maximum efficiency. However, different types of mandatory employee and employer contribution schemes are complex. Getting your payroll compliance right means a happy, engaged and motivated workforce. Getting it wrong can result in financial penalties, investigation by local authorities and reputational damage.

While payroll and HR regulations are similar in most developed nations; it's the ‘exceptions’ in each country that tend to cause challenges. For example, in Singapore there is a complex framework of work passes and levies that apply when employing expatriates. The country’s various employee classifications and work permits mean that employers need to ensure they’re compliant with all fees and regulations, while also staying on top of any changes that might occur.