Payroll Services in Singapore

After starting your company, the next step is to hire employees. 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.

Income Tax rates depend on an individual’s tax residency status. An individual qualifies as a tax resident if he/she is a:

If an individual does not meet the eligibility, they will be treated as a non-resident of Singapore for tax purposes.

Tax in Singapore changed over the years under the authority of Singapore Income Tax Department in 1947 and Inland Revenue Authority of Singapore (IRAS) that was established in 1992.

Here are two changes in the tax rates observed:

Singapore offers tax exemptions to countries that are heavily involved in shipping and air routes to and from Singapore like Indonesia. These exemptions encourage the people of these countries to continue to engage with and conduct business activities in Singapore.

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.

Here at Paul Hype Page & Co, we have Payroll Services to help you pay your employees quickly and easily, such as:

We also offer extensive experience in the operation of the payroll function and better payroll experience that is service-focused and customised to meet your company’s unique needs:

The cost of payroll services starts from S$680 per staff per annum, with a minimum of 1 year subscription.

Thinking of setting up a company or looking for payroll services? Reach out to us for free consultation on company incorporation and other corporate services like taxation today!