Payroll & Compliance – SEA Quarterly Chronicles – January 2024

Welcome to January 2024! In this edition, learn about key legislative updates for Singapore (SG), Malaysia (MY), and Philippines (PH) from October to December 2023. These include:

  • Singapore working parents entitled more leave (SG)
  • Increase in CPF ordinary wage ceiling & CPF contribution rates for senior workers from 1 January 2024 (SG)
  • National wages council (NWC) 2023/2024 guidelines (SG)
  • Provident and tax (PAT) system specification for Year of Assessment (YA) 2024 (SG)
  • List of AIS payroll software vendors for the Auto-Inclusion Scheme (AIS) for employment income (SG)
  • Budget 2024 proposals related to tax measurement  (MY)
  • Exempt to submit form CP22A under certain conditions (MY)
  • New CP8D layout implementation (MY)
  • List of public holidays for 2024 (PH)
  • Increase in PhilHealth contribution rate (PH)
  • Guidelines on the payment of thirteenth month pay (PH)
  • Exemptions in the imposition of interest for delayed payments of employers (PH)
  • Revised guidelines on the implementation of the Mandatory Provident Fund (MPF) program for SSS embers (PH)

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