Important Updates

Skills Development Levy Act

With effect from 1 October 2008, the Skills Development Levy Act (SDL) will be revised to make it compulsory for employers to contribute SDL for all employees up to the first $4,500 of gross monthly remuneration at a levy rate of 0.25%, subject to a minimum of $2, whichever is higher.

Employees Include
Full-time, casual, part-time, temporary and foreign workers rendering services wholly or partly in Singapore

Remuneration
It is any wage, salary, commission, bonus, leave pay, overtime pay, allowances and any other payment in cash.

Companies that do not have any Singaporean or Singapore Permanent Resident (SPR) employees or are currently not contributing CPF will have to issue cheques made payable to "SDL", since they do not have an Employer CPF Reference number.

Click here to read more

Auto-Inclusion Scheme
IRAS announced that from 2009 onwards the Auto-Inclusion Scheme (AIS) will be made compulsory for employers with 100 or more employees.

It frees employers from preparing paper copies of their employees’ IR8As. Employees enjoy the convenience of having their income information submitted to IRAS directly such that they only need to log in to myTax Portal to check and perform their tax returns electronically.

Click here to read more

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Payroll & HR Administration Services PayrollServe Home Payroll Case Studies Our Sister Companies Contact PayrollServe AccountServe - Outsourced Accounting Services	Home > Resources > Important Updates Important Updates Skills Development Levy Act With effect from 1 October 2008, the Skills Development Levy Act (SDL) will be revised to make it compulsory for employers to contribute SDL for all employees up to the first $4,500 of gross monthly remuneration at a levy rate of 0.25%, subject to a minimum of $2, whichever is higher. Employees Include Full-time, casual, part-time, temporary and foreign workers rendering services wholly or partly in Singapore Remuneration It is any wage, salary, commission, bonus, leave pay, overtime pay, allowances and any other payment in cash. Companies that do not have any Singaporean or Singapore Permanent Resident (SPR) employees or are currently not contributing CPF will have to issue cheques made payable to "SDL", since they do not have an Employer CPF Reference number. Click here to read more Auto-Inclusion Scheme IRAS announced that from 2009 onwards the Auto-Inclusion Scheme (AIS) will be made compulsory for employers with 100 or more employees. It frees employers from preparing paper copies of their employees’ IR8As. Employees enjoy the convenience of having their income information submitted to IRAS directly such that they only need to log in to myTax Portal to check and perform their tax returns electronically. Click here to read more	Some of our esteemed clients are Fortune 500 Companies in Asia. Contact us to discuss any of your Payroll / HR Administration needs.