Question 1

Can I outsource my company’s payroll?

Accepted Answer

Yes. Companies, especially SMEs, often outsource payroll to reduce administrative strain and keep internal teams focused on core operations.

Question 2

How long does it take to process monthly payroll?

Accepted Answer

In many cases, monthly payroll can be processed within one working day, depending on headcount, complexity, and internal approval flow.

Question 3

What is the approximate time needed for setting up payroll?

Accepted Answer

Payroll setup for SMEs usually takes around one to two weeks, depending on complexity and workforce size.

Question 4

Why and when do we need to submit IR21?

Accepted Answer

Form IR21 is used for tax clearance for applicable non-citizen employees leaving employment or Singapore for an extended period. Employers generally need to file in advance and follow IRAS instructions on withheld monies.

Question 5

Do we need to submit payroll records to the authorities?

Accepted Answer

Employers in Singapore are required to keep employee and salary records and provide them when required by law. Relevant annual remuneration reporting obligations also apply.

Question 6

What can happen if we do not pay salaries on time?

Accepted Answer

Late salary payment may breach employment law requirements and can expose employers to claims, disputes, and penalties.

Question 7

What happens if we do not use MOM suggested terminology on payslips?

Accepted Answer

Suggested terminology is recommended for clarity. Employers should still ensure required salary components and statutory disclosure requirements are met.

Question 8

What are the benefits of outsourcing payroll to a third party?

Accepted Answer

Outsourcing payroll can save time, improve confidentiality controls, reduce processing errors, and support timely statutory submissions.

Question 9

Why should we consider outsourcing payroll requirements?

Accepted Answer

Key reasons include lower administrative burden, fewer payroll errors, reduced retraining overhead, and a more reliable payroll cycle.

Payroll services in Singapore