Overview of Payroll in Singapore

Overview of Payroll in Singapore

  • Country

    Singapore

  • learning hour's

    3

  • Material Year

    2020

Overview

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.

Who is this course for?

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.

What will you achieve?

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.

Course Trainers

  • Alison

    Senior Consultant

    With over 25 years experience in Finance, HR and Payroll, Alison has worked as a Payroll & HR consultant for many organisations supporting international HR and payroll implementations within multiple industries including Media, IT, Manufacturing and Financial Services. Her payroll experience includes implementing payrolls in over 45 countries in EMEA and APAC for both in house payrolls and with an out sourced provider.

What will be covered?

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
  • Summary
    Residency status plays a big part in how payroll is processed in Singapore. After completing this course delegates will have a strong working knowledge of employment law, record keeping and payment classifications along with CPF contributions and the foreign worker levy. All key aspects of meeting employer obligations and maintaining compliance.