Singapore Liquidation, Incorporation and Related Corporate Services

Payroll Outsourcing

We provide payroll services as follows

a) Calculate monthly salary net of applicable contributions/deductions such as

  • Central Provident Fund (CPF),
  • Chinese Development Assistance Council (CDAC) Fund,
  • Mosque Building & Mendaki Fund (MBMF),
  • Singapore Indian Development Association (SINDA) Fund, or
  • Eurasian Community Fund (ECF);

b) Process no-pay leave and expense claims incidental to salary calculations;

c) Prepare a monthly salary schedule for approval; and

d) Submit electronically payment advice to the CPF Board on a monthly basis based on the salary schedule approved. If necessary, we will assist to apply for an employer’s account with the CPF Board, arrange the mode of payment to be on Inter-Bank GIRO and process the incidental GIRO direct debit authorisation.

At the end of the year, we will assist to compile the employees’ salary data either through Auto Inclusion Scheme (AIS) or the paper Form IR8A. As required by the Iaw, the Form IR8A will have to be given to the employees latest by 1 March of the following year.

For outgoing foreign employee(s), we will assist to prepare Form IR21.