All employees in Singapore ought to be paid appropriately. The use of payroll services provided by those authorized to do so will enable companies to manage their payrolls.
Outsourcing your company’s payroll processing function frees up resources, including valuable human capital, and allows you to focus on and engage in projects that add value to your business.
We make Payroll Services and help you pay your employees quickly and easily:
- Payroll Basic
- Leave and Holiday Entitlement
- Giro Payment
- Year End Tax Procedure
Paul Hype Page & Co. offers an extensive experience in the operation of the payroll function and a better payroll experience that is service focused and customized to meet your company unique needs:
- Calculation of monthly payroll
- Employer registration with the Singapore Central Provident Fund (“CPF”)
- Calculation of statutory deductions including CPF, skills development levy, foreign worker levy and ethnic/religious fund deductions
- Payroll processing and annual reporting
- Issuance and maintenance of electronic payslips and remuneration reports
- Update of Annual leave and Medical Leave records.
Our Fees
Payroll
Our payroll subscription are charged at S$680 per staff per annual. (min 1 yr subscription).
*Additional $150 /staff per mth if CPF online submission is required.
Our services includes the following:
- Payroll Setup S$280 (payable per annual) – per staff
- Monthly payslip S$30/mth
- Annual Income Tax summary statement compilation – 1 statement S$40/annual
You will receive monthly payslip and payroll report from us as well as annual payroll and CPF (for local staff only) report and payroll summary statement. We will also be able to update annual leave and medical leave records when required.
We can also assist in CPF online submission for local staff at $150 per month/per staff. Or if your pay is standard monthly (same amount) we can assist you to arrange a one time setup / w giro payment for the CPF at S$350 only.
Please contact our corporate specialist for more information.
Paul Hype Page can help reduce the complexity and risk of running your own payroll, while helping to ensure greater accuracy with up-to-date tax rates and regulatory information. We offer extensive experience in the operation of the payroll function and a better payroll experience that is service focused and customized to meet your unique needs.
What are the most recent changes to Singapore’s income Tax Rates?
Singapore’s current maximum personal income tax rate is 22%. This represents an increase from the prior maximum rate of 20%. On the other hand, the corporate income tax rate has steadily declined over the years. It once sat at 26% but is now at 17%.
Why must Singapore have Tax exemptions on International air travel and shipping Income?
The countries to which these tax exemptions apply are heavily involved in shipping and air routes to and from Singapore. Therefore, these exemptions encourage the people of these countries to continue to engage with and conduct business activities in Singapore.
Why are Partnerships not regarded as Tax Entities?
Although a partnership conducts business operations, the owners of a partnership are to be regarded as individuals. Therefore, they are to be taxed as individuals or as corporate partners. They are thus taxed based on the share of the partnership income which they have generated.
