For compliance reasons, there are some verification checks and procedures on Payroll transactions. When setting up your payment you will need to provide:
1. Your company bank account details: a bank account statement or a third-party document stating your company's address and bank account details
2. CPF Record of Payment statement
3. PDF or screenshots from your payroll system where employees' names and salaries are visible
Kindly refer to some examples of a bank account statement and screenshots of a payroll system for further assistance.
Please note that for salary payments, the amount of payroll will be credited into your company's bank account and not dispersed directly to employees. You will still need to pay your employees as usual.
Bank Account Statement Sample
Payroll System Sample
CPF Payment Record Sample