Are there any changes required to the corporate service buyer's payment system/process to reconcile the payments made via Contribute As You Earn (CAYE)?

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You may consider changing your payment system/ process to reconcile payments made via Contribute As You Earn (CAYE), if necessary.

If you’re using the online submission mode (DDA mode), you may download the CAYE payment file via the CAYE Digital Services to reconcile the payment made to the SEPs.

Generally, if you’re using PACE (PayNow for CAYE), you will receive a return file from CPFB within five working days from the Funds Deduction Date.

Are there any changes required to the corporate service buyer's payment system/process to reconcile the payments made via Contribute As You Earn (CAYE)?

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Related questions

For PACE (PayNow for CAYE) payments, when do corporate service buyers need to submit a payment file to CPF Board to make Contribute As You Earn (CAYE) contributions by the stipulated deadline?

What are the payment modes available under Contribute As You Earn (CAYE)?

How do corporate service buyers know if the payment to self-employed persons is successful?

With the additional step to split the service fee under Contribute As You Earn (CAYE), would this result in a delayed payment of service fee that may exceed the credit terms?

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