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?
Corporate service buyers (CSBs) with existing CPF Submission Number (CSN) are required to register for a Contribute As You Earn (CAYE) CSN for CAYE transactions. This is because the existing CSN that CSBs have is only for the purpose of making CPF contributions to employees. A CAYE CSN will enable self-employed persons (SEPs) to identify CSBs who made CAYE contributions on their behalf. The CSN for employee transactions cannot be used for CAYE transactions, and vice versa. CSBs who need to apply for a CAYE CSN may do so via CAYE digital services.
This information is sourced from CPF
Related questions
What happens if corporate service buyers fail to pay the Contribute As You Earn (CAYE) contributions?
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?
Can corporate service buyers recover the overpaid Contribute As You Earn (CAYE) contributions due to overpayment of full service fee?
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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