Yes. Itβs mandatory to contribute CPF for thirteenth monthβs salary or bonus.
Is 13 (thirteenth) month salary compulsory?
No. Itβs not mandatory under Employment Act. It is at the discretion of the employer.
Tax clearance for immediate termination?
Employer is required to seek tax clearance (IR21) 1 month before ceasing the employment. However, for any immediate term...
When should I apply for tax clearance?
Employer is required to seek (apply for) tax clearance (IR21) 1 month before ceasing the employment.
Can I withhold income tax monthly from my employees?
No. Employer is not allowed to deduct any unapproved or unauthorized deductions from the employee salaries under the Act...
If the foreign employee refuses to pay the income tax?
As an employer, you can write to IRAS about the refusal by the foreign employee despite being the fact that the employee...