Quick answer
Maintain records that reflect ongoing operations: payroll documents, payments and accounts should reconcile. Corporate tax filing and pass assessment serve different purposes; filing a return does not predict renewal.
Official basis: MOM ↗
What to check
| Item | Check or action |
|---|---|
| 工资 / Payroll | Reconcile contract, payroll and payment |
| 账务 / Accounts | Keep transaction evidence and business context |
| 维护 / Maintenance | Assign year-round record and filing responsibilities |
MOM record requirements
For employees covered by the Employment Act, employers must keep employee and salary records. Records include employment dates, work-pass details, salary periods, payment dates, allowances, deductions and net pay.
Retention
Keep the latest two years for current employees. For former employees, retain the last two years of records for one year after they leave.
Separate obligations
These are employment-record requirements. They are not a complete company accounting or tax checklist. Confirm tax and corporate reporting obligations with the relevant authority; do not infer them from a Singapore EP approval.
Official sources
This independent summary by Apex Gateway is based on the official English guidance linked below. Refer to the source for the full requirements and subsequent updates.
Frequently asked question
How should payroll, accounting and tax records align for a founder’s EP?
Maintain records that reflect ongoing operations: payroll documents, payments and accounts should reconcile. Corporate tax filing and pass assessment serve different purposes; filing a return does not predict renewal.