Did you know that SMEs make up 99% of all enterprises and support 72% of total employment in Singapore? If you are a small to medium-sized business owner, you make up the backbone of the Singaporean economy.
Payroll regulations are incredibly complex, and the reality is if you’re an employer and you get it wrong, there can be disastrous implications. Regardless of whether you employ one individual or several hundred people, the same rules apply to all businesses – you have to be compliant or face strict penalties.
At Employment Hero, we want to empower you with the knowledge you need to ensure compliance confidence. Here’s an overview of payroll essentials in Singapore.
Disclaimer: The information in this factsheet is current as at 15 July 2022, and has been prepared by Employment Hero Pty Ltd (ABN 11 160 047 709) and its related bodies corporate (Employment Hero). The views expressed in this factsheet are general information only, are provided in good faith to assist employers and their employees, and should not be relied on as professional advice. The information is based on data supplied by third parties. While such data is believed to be accurate, it has not been independently verified and no warranties are given that it is complete, accurate, up to date or fit for the purpose for which it is required. Employment Hero does not accept responsibility for any inaccuracy in such data and is not liable for any loss or damages arising either directly or indirectly as a result of reliance on, use of or inability to use any information provided in this factsheet.You should undertake your own research and to seek professional advice before making any decisions or relying on the information in this factsheet.
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