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.
One of the most important aspects of your business is the timely preparation and processing of payroll and payment of wages. However, payroll is not a straightforward process. When processing payroll, you must also take into account additional elements such as deductions, benefits, allowance, government remittances, etc. Outsourcing is one of the best ways to make sure your payroll and payments are on point.
Bluebox has extensive experience in providing payroll management services. We have a team of well-trained and experienced specialists who can help you process complicated payroll accounts with the use of advanced and innovative software. Our services are in sync with government regularities, so your CPF is paid on time and tax reporting requirements are met
Our Payroll Management Services Include:
- Central Provident Fund (CPF) registration and timely monthly payment
- Issuing of IR8A form for personal tax
- Preparation and submission of Auto-Inclusion Scheme (AIS) with IRAS
- Calculating gross to net salary and CPF
- Accurate salary calculation on a timely basis
- Providing payroll reports for better payroll management
- Preparation and submission of IR21, GML, NS MUP, CPF refund, and government statistical forms.
- Issuing confidential pay slips
Payroll Related Compliance
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.
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
