Pensions, social security and taxation
Information on retirement, pensions, income tax, social security and taxation of benefits.
Singapore :: Employment and mobility insurance
The employment insurance scheme was established to help unemployed workers return to the labour market …
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Singapore :: Taxation of employee benefits
Employers have a duty to declare benefits-in-kind provided to employees unless these benefits-in-kind have been granted administrative concession or exempt from income tax …
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Singapore :: Retirement
The statutory retirement age is being increased progressively to enable older workers to continue working …
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Singapore :: Income tax and tax returns
According to section 68(2) of the Income Tax Act, employers must file with the Inland Revenue Authority the following returns: Return of the employee’s remuneration (Form IR8A); Value of benefits in kind (Appendix 8A) or value of gains and profits from stock options (Appendix 8B); Information about CPF contributions (Form IR8S) …
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Singapore :: Employment levies
Employers are liable to pay a Foreign Worker Levy every month when they employ employees who hold a work permits or S Pass …
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Singapore :: Contributions to the Central Provident Fund
The Central Provident Fund (CPF) is a social security system for Singapore Citizens and Permanent Residents …
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