Best  payroll Services  in Singapore for your business

Our payroll outsourcing services in Singapore help you manage payroll tasks with ease. From accurate payroll processing to staying compliant with Singapore’s labor laws, we provide solutions that meet your business needs. Our services include payroll tax filings, attendance tracking, and other essential payroll services for businesses of all sizes. We handle all aspects of payroll management, ensuring that your employees are paid on time and in full, every time.

With our experienced team handling your payroll, you can save time, avoid mistakes, and ensure everything runs smoothly. Want to simplify your payroll process? Explore our services now for easy payroll management!

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A quick look at  Singapore 

Population

6.04 Million

Languages

English, Malay, Mandarin & Tamil

Current GDP

USD 501.4 Billion

Currency

 Singapore Dollar (SGD)

Singapore’s highly skilled, diverse workforce drives innovation, making it a top destination for talent and investment in Asia.

78%

Candidates submitted by HRBS that receive client interviews calls

82%

HRBS candidates interviewed by clients who receive offers

5/5

Average HRBS Rating on Clutch and Google

100+

Projects Done

 Trusted By 

Our  Payroll Outsourcing Services 

Improve your business operations with our payroll outsourcing services in Singapore. We provide accurate payroll processing, tax filings, and CPF contributions, ensuring full compliance with local regulations. Our team handles all your payroll needs, helping to reduce errors and save valuable time.

 

Payroll Management

Our payroll management services in Singapore provide accurate, end-to-end solutions, including automated salary calculations, time tracking, and multi-currency payroll processing for global teams. We ensure full compliance with Singapore’s statutory requirements, guaranteeing peace of mind with every pay cycle. Trust our expert payroll services to optimize your payroll processes and ensure timely, accurate payments every time.

Tax & CPF Compliance

Stay fully compliant with Singapore’s tax policies and CPF changes. We manage employee tax reliefs, prepare detailed audit-ready reports, and handle everything in between, helping you avoid costly errors and penalties. Our payroll services ensure your business meets all regulatory requirements, saving you time and reducing risks. Trust us to manage your tax compliance and ensure smooth, accurate payroll operations.

Time & Attendance Tracking

Track employee attendance, shift schedules, and overtime hours with our real-time time and attendance tracking systems in Singapore. Our integrated payroll solutions make workforce planning easier and cut down payroll processing time. Ensure accurate and on-time payroll in Singapore with reliable attendance tracking. Count on our time and attendance services in Singapore to improve efficiency and reduce your business’s workload.

Everything you need to know about  Payroll in Singapore 

Understanding payroll outsourcing in Singapore is essential for businesses to stay compliant with local laws and handle payroll efficiently. Here is the overview of key parts of payroll to help employers manage payroll in Singapore smoothly.

 

Currency & Wage Regulations

Currency and wage regulations in Singapore ensure that wages are paid in Singapore Dollars and that businesses comply with the country’s wage standards. These regulations are essential for maintaining compliance in payroll.

Process We Follow

Our payroll process in Singapore ensures accurate salary calculations, timely tax filings, and full compliance with local payroll regulations. We manage every step, from data collection to payroll distribution, with precision and efficiency.

Currency: The official currency of Singapore is the Singapore Dollar (SGD), abbreviated as “S$.” Employers are required to pay salaries in Singapore Dollars, as this is the official and widely accepted currency. Payroll transactions must be conducted in SGD to ensure transparency and proper financial management.

Accurate Data Collection and Verification: We begin by collecting all essential employee data, including hours worked, overtime, bonuses, and deductions. Our team verifies this information to ensure accuracy and compliance with regulations, setting the foundation for error-free payroll processing.

Minimum Wage: Unlike many other countries, Singapore does not have a national minimum wage. However, the government has implemented the Progressive Wage Model (PWM) for certain sectors, such as cleaning, security, and landscaping, to ensure fair wages. Employers are encouraged to provide wages that are competitive and align with the industry standards to promote fairness and employee satisfaction.
Payroll Calculation and Tax Compliance: Once the data is verified, we calculate employee salaries, tax deductions, and statutory contributions, including EOBI and social security. Our payroll experts ensure your business in Singapore stays compliant with local tax laws and regulations, preventing penalties or delays. With our reliable payroll process in Singapore, you can be confident that your payroll will be accurate, timely, and fully compliant.
Payroll Cycle and Bonuses: In Singapore, the payroll cycle is generally monthly, with salaries paid on the last working day or as agreed in the employment contract. While there is no mandatory 13th-month bonus, many employers provide an annual bonus to reward employees. Additionally, employers may offer other bonuses such as performance-based or festive bonuses, depending on company policy and industry norms.
Timely Payroll Distribution and Reporting: After calculations, we ensure the timely disbursement of salaries to your employees. We also provide comprehensive payroll reports that detail deductions, contributions, and net pay, ensuring full transparency and accurate financial records for your business.

Taxes in  Singapore 

Income tax in Singapore follows a progressive tax system, with rates ranging from 0% to 22% based on annual income. This system also impacts payroll taxes, which businesses must account for when processing employee salaries. Below is a breakdown of the tax brackets for residents:

Taxable Income (SGD)

Income Tax Rate

Up to 20,000

0%

20,001 to 30,000

2%

30,001 to 40,000

3.5%

40,001 to 80,000

7%

80,001 to 120,000

11.5%

120,001 to 160,000

15%

160,001 to 200,000

18%

200,001 to 240,000

19%

Above 240,000

22%

Why choose us for  Payroll Outsourcing  in Singapore?

Are you worried about staying compliant with Singapore’s payroll laws? With our deep understanding of payroll outsourcing and employment regulations, we ensure your business remains fully compliant with CPF contributions, income tax filings, and other essential payroll requirements. Whether you’re a small business or a large corporation, HRBS, one of the top payroll outsourcing companies in Singapore, offers payroll solutions that guarantee accuracy and efficiency.

By choosing HRBS, you can trust that your payroll will be managed according to Singapore’s regulations, reducing the risk of penalties and mistakes. We prioritize the security of your payroll data with advanced encryption and comply with Personal Data Protection Act (PDPA) standards. Our payroll services reduce administrative tasks and ensure timely, accurate salary payments. With our team of experts providing continuous support, you can rely on HRBS to handle your payroll and compliance needs effectively.

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 Payroll experts 

Looking for best payroll outsourcing services in Singapore? Get in touch with our payroll experts today to ensure accurate, compliant payroll processing and enhance your business efficiency.

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Frequently asked  questions 

Find answers to the most frequently asked questions about Payroll Services in Singapore. Have more questions? Feel free to ask us directly!

A payroll service agency in Singapore handles all aspects of payroll management for businesses, ensuring compliance with local regulations such as CPF contributions, tax filings, and employee salary calculations. They process employee payments, manage tax deductions, and provide timely and accurate payroll reports. Payroll agencies use advanced software to automate processes, reducing human error and administrative burdens. With their expertise, businesses can focus on their core operations while ensuring accurate, on-time salary payments for employees.

Outsourcing payroll with HRBS reduces the burden of managing payroll in-house, ensuring compliance with local laws and saving you time and resources. It also minimizes payroll errors, reduces costs, and helps you avoid penalties, allowing you to focus on growing your business without the stress of payroll administration.

Outsourcing your payroll service in Singapore helps businesses save time, reduce administrative costs, and ensure compliance with complex local laws and regulations. Payroll outsourcing agencies handle all aspects of payroll processing, from calculating salaries to submitting tax filings and CPF contributions. By outsourcing, businesses can avoid penalties for non-compliance, improve data security, and ensure accurate payroll management. This allows companies to focus on growth and strategic goals while leaving payroll tasks to the experts.

At HRBS, we take the security of your payroll data seriously. We use advanced encryption technologies and comply with Singapore’s Personal Data Protection Act (PDPA) standards to ensure that your payroll data remains safe and confidential at all times.

When choosing the best payroll outsourcing provider in Singapore, consider factors like expertise, reputation, and experience with local payroll laws and regulations. Look for a provider that offers comprehensive services, including CPF contributions, tax filings, salary calculations, and compliance with the Personal Data Protection Act (PDPA). It's also essential to choose a provider with advanced data security measures and a proven track record of accuracy and timeliness. Additionally, ensure that the provider offers ongoing support and clear communication to address any payroll-related concerns or questions. Comparing different providers will help you find the one that best meets your business needs and budget.

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