Singapore Business Registration Checklist for Remote Payroll

Before initiating payroll services with Remote in Singapore, please review this checklist to ensure your business has completed all necessary registration steps. This will help streamline the process and avoid any potential delays.

1. Is the company registered with the Inland Revenue Authority of Singapore (IRAS)? Companies must register with IRAS for Corporate Income Tax and Goods and Services Tax (GST) compliance. This registration is required for managing tax obligations in accordance with Singaporean law.
2. Is the company registered for the Skills Development Levy (SDL)?
   Employers must register for the Skills Development Levy and contribute to training and development programs for employees..SDL funds employee training initiatives, making it important for workforce development. Non-compliance results in penalties.

1. Has the company registered for CPF (Central Provident Fund)?
   Employers must register with the CPF Board and make monthly CPF contributions to employees' CPF accounts. CPF contributions are mandatory only for Singapore Citizens and Permanent Residents. This social security savings scheme helps employees save for retirement, healthcare, and housing. Non-compliance results in penalties.

1. Is the company covered by Work Injury Compensation Insurance (WICA)?
   Under the Work Injury Compensation Act (WICA), employers must purchase work injury compensation insurance for their employees. This insurance ensures employees receive compensation if injured at work. Failure to comply may result in legal penalties.

1. Has the company registered for the Foreign Worker Levy (FWL)?
   Employers hiring foreign workers must pay the Foreign Worker Levy, which varies based on the type and number of foreign workers employed. The FWL helps the government manage its foreign workforce quota system. Non-compliance can result in penalties and work permit cancellations.

1. Has the company completed CorpPass registration for CPF authorization?
   Companies must register for CorpPass to authorize third-party services like Remote to submit CPF filings on their behalf. This secure digital identity system enables businesses to access government services and delegate CPF-related responsibilities.

1. Has the company enrolled in the Auto-Inclusion Scheme (AIS) for Employment Income? The AIS enables electronic submission of employee income information to IRAS, simplifying tax filing and minimizing administrative work.