Issuance of Revised SB-FRS Guidance Note 5 Reporting of CPF Contributions and Key Management Personnel Compensation
28 NOV 2022
Issuance of Revised SB-FRS Guidance Note 5 Reporting of CPF Contributions and Key Management Personnel Compensation
28 Nov 2022
A revised SB-FRS Guidance Note 5 Reporting of CPF Contributions and Key Management Personnel Compensation has beenissued. Statutory Boards are to adopt the revised SB-FRS Guidance Note 5 with effect from 17 November 2022.
The key amendments made to SB-FRS Guidance Note 5 are:
| Paragraphs | Key Amendments |
|---|---|
| 5, Annex A (Scenario 3, Para 6) | Replaced “salaries” with “remuneration” as other types of remuneration are also subject to CPF contributions |