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What will be the applicable Contribute As You Earn (CAYE) contribution rate used?
Both the bank and online submission modes will use the Contribute As You Earn (CAYE) contribution rate applicable as at the date of submission for consistency. If the self-employed person logs in to the CAYE digital services to update his CAYE contribution rate, the rate will only be effective the next day.
Corporate service buyers using the online submission mode are to log in to the CAYE digital services to compute the CAYE contributions only when they are ready to transmit the service fee.
This information is sourced from CPF.
Related questions
How do I adjust my Contribute As You Earn (CAYE) contribution rate?
I have adjusted my Contribute As You Earn (CAYE) contribution rate. When will the updated rate take effect?
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Why are different Contribute As You Earn (CAYE) contribution rates applied to different service fees?
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Would Contribute As You Earn (CAYE) be applicable on invoices for goods provided by self-employed vendors?
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