Payroll Services for Singapore
Payroll Services for Singapore Contractors
Employment status in Singapore
Workr International can provide a full range of payroll services in Singapore. You’ll be engaged on our payroll and income is paid in the form of salary, allowances and expenses, the proportion of each part depending on your circumstances.
For salary, tax and social security, we deduct your tax and social security at source on a PAYE basis, and payments are made to the authorities on your behalf.
You can reduce this taxable amount by offsetting some business expenses. There are different tax rates and bands according to your earnings level and marital/family status. We’ll discuss your personal circumstances with you and help you minimise your tax and social security liabilities, within the boundaries of local legislation. As for your tax return, we’ll take care of this for you. It gets filed each year in Singapore, with advice and help from us.
Income tax in Singapore
Singapore has a single level of government so taxation is less than in some countries. Personal income tax starts at 2% on the first $5,000 and then gradually increases to 28% on income over $400,000. As an expat, your income tax will depend on how much you earn, whether you’re a tax resident, and if your home country has a double tax avoidance treaty with Singapore.
Singapore currently has tax treaties with more than 50 different countries. If you’re non-resident, you’re generally subject to tax at flat rates. For employment income, this is 15% or the resident rates, whichever is higher. You’ll be regarded as resident if, in the year preceding, you reside in Singapore for 183 days or more.
Payroll Services in Singapore?
Workr International are well equipped to handle your Singapore payroll services. Salary, taxes and social security made simple with our internationally renowned payroll solutions.
Our approach to overseas payroll minimise your liabilities leaving you worry-free. Workr International provide comprehensive payroll services for Singapore and worldwide.