Your Strategic Partner for Singapore Payroll Compliance

At The Russell Collective, we understand that managing payroll in Singapore involves more than just calculating salaries. It requires meticulous adherence to the regulations of the Inland Revenue Authority of Singapore (IRAS), the Central Provident Fund (CPF) Board, and the Ministry of Manpower (MOM).

Our dedicated Payroll Parking service is designed to eliminate your administrative burden and mitigate compliance risks. We ensure your employees are paid accurately and on time, and all your statutory obligations are met seamlessly.

How We Ensure Full Compliance for Your Business

We take a proactive and detail-oriented approach to manage every aspect of your statutory requirements:

• Central Provident Fund (CPF) Management: We accurately calculate, deduct, and submit both employer and employee CPF contributions. We handle all filings and ensure timely payments to the CPF Board, keeping your records in perfect order.

• IRAS Tax Filings & Reporting: We take full responsibility for your annual tax reporting. This includes the preparation and submission of Form IR8A and the necessary appendices (8A/8B) for each employee, ensuring a smooth integration with IRAS's Auto-Inclusion Scheme (AIS).

• Foreign Worker Levy (FWL) & Skills Development Levy (SDL): For your S-Pass or Work Permit holders, we manage the calculation and payment of the monthly Foreign Worker Levy. We also ensure the correct Skills Development Levy is calculated and paid for all employees.

• Income Tax Clearance for Departing Employees: We manage the entire tax clearance process (Form IR21) for any employee leaving your company, handling provisional salary payments and filings to ensure a clean and compliant offboarding.

• Government-Paid Leave Administration: We accurately calculate and facilitate the funding claims for government-paid leave entitlements, such as Maternity and Childcare Leave, in strict accordance with MOM guidelines.

The Russell Collective Advantage for Your Singapore Operations

• Mitigate Risk: Eliminate the fear of penalties from IRAS, CPF, or MOM due to late or incorrect filings.

• Save Time & Resources: Free your HR and finance teams from complex payroll administration to focus on strategic initiatives.

• Ensure Employee Trust: Guarantee your team is paid correctly and their CPF contributions are managed flawlessly, boosting morale and trust.

• Leverage Local Expertise: Rest easy knowing your payroll is managed by experts who live and breathe Singapore's employment regulations.

Let us handle the complexity of Singapore payroll compliance, so you can focus on what you do best—growing your business.

Contact us to find out more!