Singapore Payroll Compliance Map

Singapore Payroll Compliance Map

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Email: sin4ww@evershinecpa.com

Singapore CPA Lau Wei-Koon, speak in both English and Chinese
215 Henderson Road #03-03 Henderson Industrial Park Singapore 159554

WWT – Singapore Payroll Income Tax Deduction

WWT-SG-01 WWT Tax Entity

Question from client:
Is the Singapore salary income tax levied in national or locals? Or both national and locals?
Are the national and local personal income tax that levied separately? Or levied together?
What is the standard withholding tax rate?

Answer from Evershine RD:
The national government generally enacts laws relating to income tax.
While the employers are not required to withhold income taxes from employees and make monthly remittances.
Singapore’s personal income tax rates and minimum amounts of annual income for each tax bracket are as follows:

Chargeable Income (S$) Income Tax Rate Gross Tax Payable (S$)
First 20,000
Next 10,000		 0%
2%		 0
200
First 30,000
Next 10,000		 –
3.5%		 200
350
First 40,000
Next 40,000		 –
7%		 550
2,800
First 80,000
Next 40,000		 –
11.5%		 3,350
4,600
First 120,000
Next 40,000		 –
15%		 7,950
6,000
First 160,000
Next 40,000		 –
18%		 13,950
7,200
First 200,000
Next 40,000		 –
19%		 21,150
7,600
First 240,000
Next 40,000		 –
19.5%		 28,750
7,800
First 280,000
Next 40,000		 –
20%		 36,550
8,000
First 320,000
In excess of 320,000		 –
22%		 44,550

WWT-SG-02 Registration

Question from client:
The Singapore salary income tax collection is under the jurisdiction of which government unit?
The registration of the Singapore salary income tax collection status, that is, the application procedure for the employer withholding certificate number, paper certificate number application, or online account application? Website? Employer withholding certificate
What is the advance certificate number of the number?
Do you need to use the industrial and commercial certificate e-card to apply?

Answer from Evershine RD:
Income tax laws are regulated by the Inland Revenue Authority of Singapore (IRAS).
Employers must register with the IRAS online using the government’s CorpPass system.

WWT-SG-03 WWT Order (OD)

Question from client:
What is the order of Singapore salary income tax withholding declaration (information flow determines tax base) and payment (fund flow)?
Pay first and then declare?
Report first and then pays?
At the same time as the declaration and payment?

Answer from Evershine RD:
Employers are not required to withhold income taxes from employees and make monthly remittances.
Income taxes can be paid monthly (12 monthly interest-free installments) through GIRO, deducted from the employee’s bank account monthly on 6th or 20th, for the previous tax year.

WWT-SG-04 Mechanism of Filing (MOF)

Question from client:
Singapore’ salary income tax withholding declaration (information flow determines the tax base)
What is the method of account return?
Reporting cycle: every month? Every bimonthly? Every season? every half year? Per year?
Electronic filing? Manual filing? Electronic filing and manual filing coexist?
If electronic filing is possible: Web site URL?

Answer from Evershine RD:
Employers are required by law to prepare Form IR8A and Appendix 8A, Appendix 8B or Form IR8S (where applicable) for employees who are employed in Singapore by 1 March each year.
Employers do not need to submit the hardcopy forms to IRAS.
Employers must log into the IRAS website using the government’s CorpPass system to file employment income data.
Employers with at least nine employees must participate in the Auto-Inclusion scheme (AIS), a free e-Service provided by IRAS.
Employers that have fewer than nine employees also are encouraged to join AIS.

WWT-SG-05 Mechanism of Payment (MOP)

Question from client:
What is the funding method for the Singapore salary income tax withholding payment (funding flow)?
Payment cycle: M per month? B every bimonthly? Q every season? H every six months? A every year?
Automatically authorize deduction of ACH (that is, take the initiative of the recipient)?
Electronic remittance to EFT (that is, the payer takes the initiative)?
Bank counter payment OCT?
Or the above methods coexist?

Answer from Evershine RD:
Employees must file either Form B or Form B1 annually by April 15 of every year and by April 18 if the return is done online.
Income tax payments can be made online through GIRO, an electronic, cashless form of payment, in 12 monthly interest free installments.
Otherwise, a single payment must be made within a month of receiving a tax bill.

BNF – Deduction of Employee Social Welfare

BNF-SG-01 BNF Entity

Question from client:
Singapore’s social insurance, medical insurance, pensions, and other employee social welfare levy, is it national? Is it locals?
Or is there a national plus local? If there is a national and locals, are they levied separately? or levied together? What is the withholding tax rate?

Answer from Evershine RD:

The national government generally enacts laws relating to social security benefits.

No. Social Security Benefits Employee Employer
1 Central Provident Fund (CPF)
: Age < 56 20% 17%
: Age 56-60 14% 14%
: Age 61-65 8.5% 10%
: Age > 65 6% 8%
: Age > 70 5% 7.5%
2 Skill Development Levy (SDL) – 0.25%
3 Self-Help Groups (SHGs)
3.1 Chinese Development Assistance Council (CDAC) Fund – S$0.5-S$3
3.2 Eurasian Community Fund (ECF) – S$2-S$20
3.3 Mosque Building and Mendaki Fund (MBMF) – S$3-S$26
3.4 Singapore Indian Development Association (SINDA) Fund – S$1-S$30

BNF-SG-02 Registration

Question from client:
Social Security Certificate Number? What is the name of the government agency in charge of social insurance?
Medical insurance certificate number? What is the name of the government agency in charge of medical insurance?
Pension certificate number? The name of the government agency in charge of pensions?
How to apply for the social welfare certificate number for employees in the country?
Paper certificate number application? Or online account application? Website?
Do I Need to use the industrial and commercial certificate electronic card to apply?
Are the above three certificate numbers unified or separate?

Answer from Evershine RD:

CPF
The Central Provident Fund (CPF) is an organization that administers the comprehensive Social Security savings plan that provides different types of benefits, including retirement, health care and family protection.
Employers are required to register with the CPF using the government’s CorpPass system before they intend to hire an employee.
Register and obtain a CSN (CPF Submission Number) via the following website: https://www.cpf.gov.sg/employer/making-cpf-contributions/applying-for-a-cpf-submission-number.

SDL
CPF Board collects SDL on behalf of the SkillsFuture Singapore Agency (SSG).

SHGs
Chinese Development Assistance Council (CDAC) Fund is administered by CDAC.
Eurasian Community Fund (ECF) is administered by the Eurasian Association (EA).
Mosque Building and Mendaki Fund (MBMF) is administered by Majlis Ugama Islam Singapura (Muis).
Singapore Indian Development Association (SINDA) Fund is administered by SINDA.

BNF-SG-03 BNF Order (OD)

Question from client:
What is the order of the withholding declaration of social welfare for Singapore employees (information flow determines the tax base) and payment (fund flow)?
Pay first and then declare? Report first and then pays?
At the same time as the declaration and payment?

Answer from Evershine RD:
Same Period: Report and pay at the same time.

BNF-SG-04 Mechanism of Filing (MOF)

Question from client:
What is the method of reporting for withholding of social benefits for Singapore employees (information flow determines the tax base)?
Reporting cycle: every month? Every bimonthly? Every season? Every half year? Per year?
Electronic filing? Manual filing? Electronic filing and manual filing coexist?
If electronic filing is possible: Web site URL?

Answer from Evershine RD:

CPF
Employers are to remit to the government the employer and employee portions of CPF contributions monthly.
CPF contributions assessed on employment income paid during a month generally are due by the 14th day of the following month.
Employers must log into the CPF’s website and submit CPF contributions via CPF EZPay, using the government’s CorpPass system to pay employees’ Social Security contributions, report data regarding the contributions, and use the CPF’s other online services.

SDL
File and pay Skills Development Levy (SDL) together with CPF contributions.
Log in CPF EZPay via https://saml.singpass.gov.sg/spservice/welcome.

SHGs
File and pay Self-Help Goups (SHG) together with CPF contributions.

BNF-SG-05 Mechanism of Payment (MOP)

Question from client:
What is the funding method for Singapore employee social welfare withholding contributions (funds flow)?
Payment cycle: M per month? B every bimonthly? Q every season? H every six months? A every year?
Automatically authorize deduction of ACH (that is, take the initiative of the recipient)?
Electronic remittance to EFT (that is, the payer takes the initiative)?
Bank counter payment OCT?
Or the above methods coexist?

Answer from Evershine RD:

CPF
Employer can pay monthly CPF contributions for employees with CPF EZPay.
Log in CPF EZPay via https://saml.singpass.gov.sg/spservice/welcome.
Employers can use Direct Debit, PayNow QR, or eNETS to pay your CPF contributions.
The recommended payment mode for CPF EZPay is Direct Debit. With Direct Debit, payment will be automatically deducted from your bank account after your CPF submission.

SDL

File and pay Skills Development Levy (SDL) together with CPF contributions.
Log in CPF EZPay via https://saml.singpass.gov.sg/spservice/welcome.
If use the auto-computation feature under CPF EZPay, SDL is auto-computed for all Singapore Citizen and PR employees.

SHGs

File and pay Self-Help Goups (SHG) together with CPF contributions.
Pay SHGs contributions to the CPF Board when making CPF contributions.

Please be aware of below Warning:
The above contents are digested by Evershine R&D and Education Center in October 2021.
Regulations might be changed as time goes forward and different scenarios will adopt different options.
Before choosing options, please contact us or consult with your trusted professionals in this area.

Contact Us

Singapore Evershine BPO Service Limited Corp.
E-mail: sin4ww@evershinecpa.com
Singapore CPA Lau Wei-Koon, speak in both English and Chinese
215 Henderson Road #03-03 Henderson Industrial Park Singapore 159554

Additional Information

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