Payroll
By outsourcing your business payroll to us, we ensure accuracy, confidentiallity and compliance.
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Accounts Tax Secretary
Cost-effectiveness
Outsourcing payroll to B6 is more cost-effective than maintaining an in-house full-time HR department. Our professional service is offered at an affordable rate.
Accurate and Convenient
Accurate calculation with our expertise and knowledge, and using reliable payroll cloud software. Records are well-maintained to provide convenience for clients' requests.
Compliance and Confidentiality
Comply strictly with statutory requirements and serve as a safeguard to confidentiality.
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Monthly payroll administration and reporting -
Maintaining employees payroll file -
Giro bank file preparation -
Itemised payslip generation and distribution -
Monthly statutory contributions e-filing -
Claims e-submission (NS / Maternity / Childcare) -
Leave management -
IR8A submission -
IR21 Submission -
Auto- Inclusive Scheme (AIS) - Annual IRAS income tax filing
Dedicated account manager
Expert knowledge addressing your needs
Payroll administration as per statutory requirements and company policies
Payroll reports for review and approval
On-time payment to employees
Accurate statutory contribution calculation and e-submission
Itemised payslip generation and distribution
Leave cloud software/mobile app for application and recording
Year-end IR8A forms submission
Here's a basic guide to payroll management compliance in Singapore.
1
Adhere to Payment Timelines
- Salary must be paid within 7 days after the end of the period for which it is paid
- Overtime pay should be made within 14 days
2
Prepared itemised Payslips
- Required for all employees covered under the Employment Act
- Must include: Basic Salary, Overtime pay (If applicable), Deduction (CPF, loan, etc), Net salary
3
Maintain Payroll records
Retain records for at least :
- 2 years for current employees
- 1 year for former employees
4
Calculate Overtime
- Employee non-workmen earning up to SGD2,600/month or workers earning up to SGD4,500/month are entitled to overtime pay.
- Formula: 1.5 times hourly introductory rate x overtime hours
5
Leave Management
Comply with statutory requirements for Annual leave, sick leave, childcare leave & maternity and paternity leave.
FAQ
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What is IR8A Form, and late penalties?
The IR8A Form is a mandatory document for all employers in Singapore, and it must be prepared for all employees employed in Singapore by March 1 each year (e.g., March 1, 2025). It reports the income of employees for the year, including salaries, bonuses, and allowances. The hard copy does not require submission of IRAS.
If you fail to comply, you may face charges under Section 94 of the Income Tax Act. Upon conviction, you may meet with a fine of up to $1,000 or imprisonment of up to 6 months.
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Who does not require preparing IR8A Form?
a) Foreigners posted overseas after clearance has been filed and did not render any employment service in Singapore for the rest of the calendar year.
b) Foreigners who are contracted by a Singapore employer to be based overseas and rendered their employment services wholly outside Singapore for the whole calendar year.
c) Foreigners who have left the organisation where the filing of Form IR21 is required.
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AIS Auto-Inclusion Scheme
AIS is compulsory for employers with five or more employees from YA2022. However, employers with less than five employees are welcome to join AIS.
If your organisation is under the AIS, you should submit your employees’ employment income information to IRAS electronically by 1 March 2025. Please ensure that the information submitted to IRAS is correct and complete. You do not need to issue the Form IR8A and/or Appendix 8A/Appendix 8B/Form IR8S to your employees. However, you may wish to provide your employees with a separate statement of earnings for their records. Please inform your employees not to include employment income information and deductions on their tax form, as these will be automatically included in their income tax assessments.
Employers not under the AIS will have to provide their employees with a hard copy of Form IR8A and appendices (where applicable) by 1 March each year to file their Income Tax Returns. Employers are not required to submit the forms to IRAS.
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What is IR21 and the late penalties?
Employers are required to obtain Tax Clearance by filing Form IR21 or notifying IRAS at least one month before the non-citizen employee ceases employment in Singapore or plans to leave Singapore for more than three months.
ailure by the employer to file Form IR21 by the due date is an offence.
If you are unable to give one month’s notice, a valid reason (for example, the employee resigned immediately) has to be provided to IRAS in the form IR21. Companies that do not file or are late in filing without a valid reason may be liable to a fine of up to S$5,000.