Tax and Social Security Management
All income derived from work performed in Singapore is subject to tax payment, regardless of payment location based on the reported monthly payroll. We shall deduct the respective tax amount each month accordingly and subsequently paid annually to the Singapore Tax Office.
For locals, Singapore wages attract an employer social security premium of up to 17% of the salary, capped at SGD1,020 and 0.25%, capped at SGD11.25. Employee premium contribution is up to 20% of the salary.
For expatriates, the only employer cost is 0.25% (capped at SGD11.25) of the monthly wage.