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5 Things Every Entrepreneur Should Know About SDL (Skills Development Levy)

1. What is SDL? In its simplest terms, the Skills Development Levy is a levy imposed by the Singaporean Government to create a source of funding for grants applied by employers to upgrade their employees under the national Continuing Education and Training system. Singapore’s Skillsfuture SG initiative was created to improve and leverage on the […]

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What Are The 5 Most Important Things You Need to Know About Statutory Contributions?

What exactly is a statutory contribution? Statutory contributions are contributions mandated by law to be made by both employers and employees, failure of which would incur fines and penalties. It bears similarities to a tax deduction, however these contributions usually hold a more direct effect to those contributing it. What are the 5 types of […]

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What are Itemized Payslips and what's the big fuss over it?

If you have been working in Singapore recently, there has probably been one phrase that popped up more frequently than ever – itemized payslips. A term that simply complemented your payday has now gotten more sophisticated, more regulated and more complicated. So what exactly is the fuss over itemized payslips? And how does it affect […]

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