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Singapore Fact-File Part 6:
Individual Business Employment Issues

6.1 Singapore Individual Business Employer Responsibilities

The duties and responsibilities of individuals in business as regards employing people

All employees will require an employment contract, and Central Provident Fund (CPF) contributions must be made for all staff earning over SGD50, unless they are foreign employees working on a work permit, self-employed sole-proprietors or partners, students or interns, or employees of the business working overseas.

Skills Development Levy (SDL) is payable for all employees up to the first SGD4,500 of their gross monthly salary, at a rate of SGD2, or 0.25% of gross salary, whichever is the larger.

Businesses employing foreign workers must also pay a Foreign Worker Levy (FWL) at varying rates, depending on the sector and skill level of the worker in question; the Ministry of Manpower provides further information on this here: http://www.mom.gov.sg/foreign-manpower/foreign-worker-levies/Pages/levies-quotas-for-hiring-foreign-workers.aspx .

Tax forms must be prepared for all employees by March 1, for the employee to submit to the tax authority by April 15.
 

Introductory Guides

Brief, clearly written summaries with links to relevant sections of the Fact-File. The Fact-File itself is linked in full below.

 

Fact-File

Part 1: Singapore Business Formation for Individuals

  1. Singapore Individual Business Structures
  2. Singapore Individual Business Registration
  3. Singapore Individual Business Registration Cost
  4. Singapore Individual Business Licensing
  5. Singapore Foreigners in Business
  6. Singapore Business Organisations
  7. Singapore Business Accounting
  8. Singapore Family Business Ownership
  9. Singapore Venture Capital
  10. Singapore Individual Business Franchises

Part 2: Singapore Individual Business Domestic Taxation

  1. Singapore Individual Business Tax Residence Rules
  2. Singapore Permanent Establishment
  3. Singapore Individual Income Tax Rates and Bands
  4. Singapore Personal Allowances and Business Deductions
  5. Singapore Husband and Wife Partnerships
  6. Singapore Partnership Income Taxation
  7. Singapore Limited Companies Income Taxation
  8. Singapore Business Profit Retention
  9. Singapore Business Losses
  10. Singapore Value Added Tax (VAT)
  11. Singapore Individual Business Capital Gains Tax (CGT)
  12. Singapore Individual Business Other Taxes
  13. Singapore Individual Artists Royalties
  14. Singapore Individual Business Tax-Efficient Profit Distribution

Part 3: Singapore Individual Business International Taxation

  1. Singapore Individual Business International Tax Liability
  2. Singapore Individual Business Withholding Taxes
  3. Singapore Double Tax Treaties

Part 4: Singapore Individual Business Tax-Efficient Structures

  1. Singapore Individual Business Trusts and Foundations
  2. Singapore Individual Business for Non-Residents
  3. Singapore Individual Business use of Offshore
  4. Singapore Controlled Foreign Corporation (CFC) Rules
  5. Singapore Personal Estate and Inheritance Planning

Part 5: Singapore Small Business Incentive Programs

  1. Singapore Small Business Support Schemes
  2. Singapore Training Incentive Schemes
  3. Singapore R&D Tax Credits
  4. Singapore Individual Business Tax Holidays

Part 6: Singapore Individual Business Employment Issues

  1. Singapore Individual Business Employer Responsibilities
  2. Singapore Employment vs Self-Employment Tax Issues
  3. Singapore Apprenticeship and Work Experience Schemes
  4. Singapore Employee Dismissal Rules
  5. Singapore Business Owner Employment and Invoicing Rules

Part 7: Singapore Business Owner Welfare and Lifestyle

  1. Singapore Business Social Security
  2. Singapore Business Domestic Pensions
  3. Singapore Offshore and International Pensions
  4. Singapore Individual Business Healthcare
  5. Singapore Individual Business Banking Services
  6. Singapore Education
  7. Singapore Individual or Business Leaving Singapore
  8. Singapore Domestic Real Estate
  9. Singapore International Real Estate