Social security - 7.5% - 17%
Skills development fund: 0.25%
Social security: 5% - 20%
| GROSS INCOME | PROGRESSIVE TAX RATE |
|---|---|
| Below 20,000 | 0% |
| 20,001 - 30,000 | 2% |
| 30,001 - 40,000 | 3.5% |
| 40,001 - 80,000 | 7% |
| 80,001 - 120,000 | 11.5% |
| 120,001 - 160,000 | 15% |
| 160,001 - 200,000 | 18% |
| 200,001 - 240,000 | 19% |
| 240,001 - 280,000 | 19.5% |
| 280,001 - 320,000 | 20% |
| Over 320,000 | 22% |
Paid time off: 7-14 days (depending on tenure) + bank holidays
Paternity leave: 4 weeks
Paid sick leave: 5-60 days determined on tenure as well as need or not for hospitalisation
Parental leave: 42 days per parent
Maternity leave: 16 weeks
HQ country employment & payroll
Independent contractor agreements
Direct local employer setup
Partnering with an Employer of Record Singapore/full-service Professional Employer Organisation
As with every other country, there are certain costs associated with employing a worker in Singapore that come on top of the gross salary you are offering. A Singapore employer must make monthly contributions to the Central Provident Fund and Skills development fund for all employees who are Singapore citizens or Permanent Residents. To view the exact percentages and amounts given the salary you are planning to offer, you can use our handy calculator tool.
In Singapore,both employers and employees have to pay taxes. Employers make contributions to the Central Provident Fund and Skills development fund for all employees who are Singapore citizens or Permanent Residents. Employees contribute to the Central provident fund and pay personal income tax. To get a clear overview of both employee and employer taxes, use our salary breakdown calculator, submitting any additional data needed and get a downloadable pdf like this one.
