Find your employer of record in Singapore

Singapore famous place - EOR World Wide
Singapore - EOR World Wide

Singapore

currency

Singapore Dollar (SGD)

Currency

Payroll_Frequency

monthly

Payroll Frequency

Employer_Tax

17 to 17.25

Employer Tax

With 2 clicks, start your journey to Hire a contractor or remote employees in Singapore without a entity set up.

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Overview

Capital

Currency

Date Format

Fiscal Year

Reviews

Singapore

Singapore Dollar (SGD)

DD/MM/YY

April 1st-March 31st

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Singapore famous place - EOR World Wide

Find your employer of record in Singapore

Singapore

currency

Singapore Dollar (SGD)

Currency

Payroll_Frequency

monthly

Payroll Frequency

Employer_Tax

17 to 17.25

Employer Tax

Overview

Capital

Currency

Date Format

Fiscal Year

Reviews

Singapore

Singapore Dollar (SGD)

DD/MM/YY

April 1st-March 31st

0 / 5 Star (0 Reviews)

0

With 2 clicks, start your journey to Hire a contractor or remote employees in Singapore without a entity set up.

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PEO / EOR providers

Overview

Singapore Dollar (SGD)

CURRENCY

Singapore

CAPITAL

monthly

PAYROLL FRECUENCY

11

PUBLIC HOLIDAYS

17 to 17.25

EMPLOYER TAXES

13TH / 14TH SALARY

The 13th Salary in this region is usual and typically given at the end of the year.

Employee and employeer taxation in Singapore

Employer

Company Payroll contributions

17% - 17%

Central Provident Fund – CPF (This pension corresponds to employees aged 55 or less. However, it is reduced as age increases until it reaches 7.5%)

0% - 0.25%

Skills Development Levy (SDL)



17% - 17.25%

Total Employment Cost

Employee

Worker Payroll Contributions

0%- 20%

Central Provident Fund – CPF (in this case, the pension decreases to 5% as the age of the worker increases from 55 years of age.)


0% - 20%

Total Employee Cost



Employee Income Tax in Singapore

Employment Income Taxes

0%

Up to 20,000

2%

20,000-30,000

3.5%

30,000-40,000

7%

40,000-80,000

11.5%

80,000-120,000

15%

120,000-160,000

18%

160,000-200,000

19%

200,000-240,000

19.5%

240,000-280,000

20%

280,000-320,000

22%

Above 320,000

Singapore famous place - EOR World Wide
Singapore famous place - EOR World Wide
Minimum Wage in Singapore
General

Average Wages in Singapore increased to 6622 SGD/Month (4942.529 USD/Month) in the forth quarter of 2022. The maximum rate of average wage for employees was 6159 SGD/Month and minimum was 1302 SGD/Month.

$972.01 Minimum Wage per month

Singapore famous place - EOR World Wide

Payroll Contributions in Singapore

Payroll Cycle

With the outsourcing of payroll in the country, you will be able to adequately carry out each payroll cycle, which is monthly. In addition, workers receive their salary one day before the end of the month.

13th Salary

Although it is not an obligation, it is customary to pay a salary for the 13th month.

Employee Benefit in Singapore

The labor law does not establish more common benefits for the citizens of Singapore

Visa and work permit in Singapore

Permits in the country depend on the skills of the person requesting it, which are necessary to work. Employment Passes are required for individuals with academic degrees, professional qualifications, or special abilities.


In contrast, work permits are for those workers with other skills or no special skills at all. In this case, the Singapore Ministry of Manpower is responsible for issuing Employment Passes. Also, while each type of pass depends on the applicant's salary, the process for all is the same.


This type of pass is only for a particular company, so if the employee wants to change jobs, they must cancel the previous one. Hence, the new employer must make a particular request for that employee. In addition, in case the person stops working in Singapore or obtains his residence, he will have to cancel the pass.

VAT in Singapore

VAT for both goods and services is 7%.

Working Hours in Singapore
General

The Singapore Employment Act clearly states that the weekly schedule is 44 hours.

Overtime

Employees in Singapore covered by the law are paid 150% of their regular hourly wages. However, the maximum hours in a day cannot exceed 12 or 72 hours in a week. Also, with payroll outsourcing services in Singapore you can calculate the exact overtime pay, which includes the following:


  • An employee classified as a non-worker can receive a maximum of 4,500 SGD.
  • On the other hand, an employee classified as a worker may receive 2,600 SGD.


Also, the employer or the EOR in Singapore must pay the overtime within 14 days after the last day of payroll.

Working Week

Monday to Friday.

Employee Termination in Singapore
Termination Process

Both the company and the worker can terminate the employment relationship but they must make the corresponding legal notification. However, the reason must not be illegal, such as discrimination against a group protected by law. Thus, the reason for the termination must be under the employment contract, which can be drawn up by an Employer of record in Singapore.


In this case, global payroll outsourcing services can pay all outstanding vacation entitlements. Nevertheless, the employee who leaves the company can only receive them if the cause of the termination is not misconduct. In addition, the employer must seek IRAS tax authorization before paying the employee.


The employer makes the payment three days before or on the last day of work if the employee works during the notice period. However, this occurs if the employer terminates the contract or the employee resigns.


The employer must make the payment within 7 days after the employee's last day of work. In this case, this circumstance applies to employees who resign without notice and do not work the notice period.

Notice Period

With a PEO, you will be able to set the notice period, which is determined by local law based on the length of employment. This time is determined as follows:


  • The notification period will be 1 day for workers with less than 26 weeks of service.
  • Likewise, the period will be 1 week for workers with more than 26 weeks and less than 2 years of service.
  • Likewise, the notification period will be 2 weeks for employees with between 2 and 5 years of service.
  • The period will be 4 weeks for employees with more than 5 years of service.


Both the employee and the employer may terminate the employment contract during the trial period. However, there must be a notice period of 5 days by the person who terminates the contract.

Severance Pay

Labor contracts and collective agreements contain a “retrenchment benefit" termination payment. But the employee must have at least two years of work to receive it. This calculation can be done by an Employer of record in Singapore and generally consists of 2-4 weeks of salary for each year of service.

Probation Period

As in many other countries, this period in Singapore generally consists of 3 months and is established by employment or collective contracts.

Employee Leaves in Singapore
Paid Time Offs

According to the law, employees with at least three months in a company are entitled to receive 7 days of paid vacation. In this case, it is done the first year but it is increased by 1 day for each year worked after that. However, many employers customarily grant between 14 and 20 days of vacation after one year of service.


Thus, if you want to make these calculations accurately, you can hire an Employer of record in Singapore.

Singapore famous place - find your EOR
Public Holidays

There are 11 national holidays throughout the year.

Vacation Holidays

There are 7 vacation holidays throughout the year.

Sick Days

The Employer of Record services in Singapore is ideal for learning about this permit, which is granted to a worker with six months of work. According to this, the employee will receive 14 days of paid leave if he does not require hospitalization. However, if hospitalization is required, you receive 60 fully paid days with 14 days of outpatient care included.


On the other hand, in case the employee has not completed 6 months of work, he receives a payment that will depend on the time worked. Therefore, workers in Singapore in these conditions will be paid according to the following:


  • For 3 months of work, 5 days of outpatient, and 15 days of hospitalization if necessary.
  • Likewise, for 4 months of work, 8 days of outpatient, and 30 days of hospitalization if necessary.
  • For 5 months of work, 11 outpatient days, and 45 days of hospitalization if necessary.
  • In the same way, for 6 months of work, 14 days of outpatient and 60 days of hospitalization if necessary.


In addition, the employee must inform his employer in the event of any disqualification, within the following 48 hours. Also, you must present a medical certificate for any period of illness, upon return to work.

Paternity Leave

In Singapore, the father of the newborn is entitled to receive 2 weeks of leave after the birth of his child. However, you must have at least 3 months of work and you must take leave within 4 months after the birth. PEO services can perform the calculation of this allowance, which covers Government-Paid paternity Leave (GPPL).


In addition, a foster parent who meets the criteria is also eligible for the GPPL.

Paternal Leave

In the country, there is no additional permission for parents.

Other Leave

Bereavement Leave


The Singapore Employment Act does not require companies to give this leave to their employees. However, employers give workers a 2-3 day leave for the death of a close family member.


Marriage Permit


Employees are entitled to take up to 5 days of leave in case they get married.


Voting Permission


Voting is a public holiday in Singapore.


Military


With a Professional Employment Organization, you can find out about aspects such as the annual reservist permit. In this case, if an employee receives the Notification of National Service Call Up –SAF 100, they are entitled to this leave. 

Maternity Leave in Singapore

A Professional employer organization is also a suitable help in calculating this maternity leave. In this case, an employee with 3 months of employment in a company will receive 16 weeks of paid leave. However, you must have that time employed before your due date and the child must be a Singapore citizen.


For the rest, the woman will receive this leave divided into 8 weeks before the date of delivery but not less than 4 weeks. In addition, you will receive the rest of the time after the birth of the baby. On the other hand, if the baby is not a Singaporean citizen, the leave is reduced to 12 weeks.


The first 8 weeks are paid by the employer and the following 8 the payment will be made by the government, in the case of the first and second child. Though, from the 3rd child, the government is the one that pays the leave for the entire duration. An Employer of record in Singapore can tell you about this permit and make the calculations for it easily.

There are 112 leave throughout the year.

Singapore famous place - find your EOR

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