What happens if corporate service buyers fail to pay the Contribute As You Earn (CAYE) contributions?
Corporate service buyers (CSBs) are required to self-rectify if any non-compliance is detected. Please refer to the Contribute As You Earn (CAYE) implementation guide issued by the CPF Board. CPF Board has conducted briefings to CSBs and will work closely with CSBs to ensure full adoption and compliance of CAYE.
This information is sourced from CPF
Related questions
Under Contribute As You Earn (CAYE), corporate service buyers will only pay the net service fee directly to self-employed persons. Are there any legal implications?
Do corporate service buyers with existing CPF Submission Number (CSN) for making CPF contributions to employees need to register for a Contribute As You Earn (CAYE) CSN?
Under Contribute As You Earn (CAYE), what should corporate service buyers do to set-off monies from an upcoming payment?
What if the Contribute As You Earn (CAYE) contribution was paid in error (i.e. paid wrong amount, or paid to the wrong self-employed person)?
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