To read the previous article regarding the obligations of payroll compliance, visit: https://www.trustedservices.com.sg/post/obligations-of-payroll-compliance-in-singapore Best Practices for Ensuring Payroll Compliance Implementing best practices can help businesses ensure payroll compliance and avoid the associated risks. One critical practice is maintaining accurate and up-to-date records of all employee-related transactions. This includes employment contracts, salary payme

Ensuring payroll compliance is critical for Singapore businesses, safeguarding them against legal penalties and promoting a culture of trust in the workplace. Understanding Payroll Compliance in Singapore Payroll compliance in Singapore involves adhering to a set of legal requirements related to employee compensation, statutory contributions, and employment terms. This includes compliance with various labour laws, tax regulations, and social security obligations. Singapore's

On 9 May 2026, all ACRA registered entities’ Singapore Standard Industrial Classification (“SSIC Code”) have been updated from SSIC 2020 to SSIC 2025 (the “Revision”). ACRA has notified the relevant entities impacted by this revision. What This Means for Your Business Entities incorporated before 9 May 2026 You may wish to review whether your entity’s SSIC Code(s) continue to accurately reflect your current business activities under SSIC 2025. If not, updates to your entity’s