Demystifying IR21 & Tax Clearance: A Comprehensive Guide for Foreigners in Singapore
As an employer, one of your responsibilities is filing Form IR21 for your employees. This form details their employment and income up until their last working day or the day before they leave Singapore. It’s also your duty to withhold funds from non-Singaporean employees for tax clearance purposes upon their departure. Given the complexity of the process, we recommend using a comprehensive HR software solution in Singapore to make filings more accurate. Adaptive Pay provides a robust HRMS platform equipped with an advanced payroll module designed to ease the complexities of tax filing. This cloud-based software simplifies tax-related processes while boosting your overall operational efficiency. With features encompassing leave and claims management, attendance tracking, and employee appraisals, Adaptive Pay ensures that your HR tasks are managed effectively and efficiently. Understanding IR21 and the tax clearance process is vital for compliance with Singapore's local reg