APAC Payroll Essentials 2026
The APAC Payroll Essential guidebook, published by Forvis Mazars, is designed to support businesses managing payroll across the Asia-Pacific region.
Outsourcing
An outsourcing partner that helps you play to your strengths. You will find insights on various topics by our Forvis Mazars Outsourcing professionals. For more information, please contact Justin Lim, our Head of Outsourcing.
Singapore raises EP salary requirement
In Singapore’s Budget 2026, Mr Lawrence Wong, Prime Minister of Singapore and Minister for Finance outlined Singapore's strategic focus on strengthening economic resilience and supporting sustainable, long-term growth.
Singapore annual return filing guide
If your company is incorporated in Singapore, you must file annual returns with the Accounting and Corporate Regulatory Authority (ACRA) within the statutory deadline after the end of each financial year.
APAC Payroll Essentials 2025
The APAC Payroll Essentials guidebook by Forvis Mazars helps businesses navigate payroll management across the Asia-Pacific region. It offers key insights into local regulations, workplace norms, registrations, visas, contracts, compensation, benefits, social security, taxes, and termination—providing essential tools for effective and compliant payroll operations.
Increase in CPF contribution rates
As part of Singapore's ongoing efforts to strengthen retirement adequacy, the government has announced further adjustments to Central Provident Fund (CPF) contributes rates, salary ceilings and retirement sums.
Outsourcing your non-core business processes
Outsourcing benefits companies in a myriad of ways including improving efficiency, enhancing work quality and ensuring better cost control.
Singapore unveils S$1.5 billion support package
The Singapore government has announced a S$1.5 billion support package to provide immediate relief for lower-income and more vulnerable groups.
New COMPASS framework for Employment Pass
As of 1 September 2023 onwards, new Employment Pass (“EP”) candidates must pass a two-stage eligibility framework.
Mazars promotes new director Joanne Chong
We are pleased to announce the promotion of Joanne Chong to Director to further strengthen our outsourcing services in Singapore, with immediate effect.
Mazars is lead advisor to Latitude in SG expansion
It is with great pleasure to announce that Mazars has assisted Latitude Financial Services (Latitude) in its successful business expansion into Singapore and the region.
Singapore - new Corporate Registers requirements
Singapore introduces new requirements under the Corporate Registers (Miscellaneous Amendments) Act to strengthen its corporate governance regime and brings it into closer alignment with international standards.
Increased salary threshold for new E and S Pass
In the Budget 2022 announcement on 18 February, Finance Minister Lawrence Wong announced that the minimum qualifying salary will be raised by S$500 for Employment Pass and S Pass applicants from September this year.
Corporate secretarial compliance in Singapore
Compliance is a fundamental responsibility for every company, not only those listed on the stock exchange.
SSIC Code Conversion Exercise
The Department of Statistics has recently introduced the fourteenth edition of the Singapore Standard Industrial Classification (SSIC). SSIC is the national standard for classifying economic activities undertaken by economic units and is used in censuses of population, household and establishment surveys and in administrative databases.
MOM will resume entry approvals
From 10 August 2021, work pass holders and their dependants with travel history to higher risk countries/regions can start applying for entry approval, on the condition that they must be fully vaccinated before arrival in Singapore.
New M FIN series to be introduced
The Immigration & Checkpoints Authority (ICA) will introduce a new Foreign Identification Number (FIN) series with the prefix M from 1 January 2022.
Singapore stops accepting new entry applications
The Ministry of Manpower (MOM) will be making changes to the entry of work pass holders who have earlier obtained approvals to arrive from higher risk countries/regions from Tuesday 11 May 2021 onwards. As of 7 May 2021, high risk countries/regions refer to all countries/regions except Australia, Brunei Darussalam, Mainland China, New Zealand, Taiwan, Hong Kong and Macao.
Intra-Corporate Transferees (ICT)
Intra-corporate transferees (ICT) are employment pass (EP) holders, and must have worked for their company for at least one year before being posted to the branch, affiliate or subsidiary in Singapore.
ACRA Penalty Framework For Annual Lodgements
With effect from 30 April 2021, ACRA will implement a 2-tier penalty framework for filing of annual return and annual declaration for all companies (including VCC) and limited liability partnerships (“LLPs”) as below:
The Launch of Tech.Pass in Singapore
The Economic Development Board (EDB) has announced that a new work pass called Tech.Pass will be launched next year. The target is top-tier foreign tech professionals and experts looking to start businesses, lead corporate teams or teach here. EDB is seeking to attract highly skilled technology professionals in fields such as e-commerce, artificial intelligence and cyber security.
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