Companies in Singapore must comply with the latest rules and regulations related to employment and compensation. The Employment Act requires companies to pay employees their correct salaries within 7 days after the end of the salary period.
Thus, the first priority for any Singapore-based company is to timely prepare payroll and compensate its employees. Moreover, additional components such as benefits, allowance, deductions, government remittance also come into play as payroll related compliance.
Our Payroll Compliance Service Include
- Salary calculations on 7-day, 14-day, and 30-day basis
- Compensation by cheque or through bank transfer
- CPF registration and timely payment
- IR8A form for personal tax issuance
- Computing gross to net salary and CPF
- Payroll reports and payroll journals for management and accounting
- Confidential pay slip issuance
- Preparation and submission of IR21, GML, NS MUP, CPF refund, government statistical forms, etc.
- Access to leave management, claim management, and pay slip portals
How Bluebox can help?
With Bluebox, you can rest assured that your employees are getting their salary along with the additional components on time every month. With our services, you can ensure that government remittance such as CPF and other benefits are paid on time, tax regulations are adhered to, and the payroll information is kept confidential and safe.
Stress Free Payroll
The Employment Act in Singapore mandates businesses to pay their employees the correct wages within 7 days after the salary period. Failure to comply with the Act is an offence and could incur fines.
Web Based Payroll
Bluebox payroll services assists you in overcoming the complexities and risks associated with the sourcing, management, and delivery of payroll services. We ensure that your employees are paid correctly and on time, allowing you to focus on running a profitable business.
Salary and Benefits Administration
Companies must put terms of the employees’ compensation in written employee contract. Compensation laws under Singapore’s Employment Act also specify how much employees should make while working overtime.Â
