hztaya.blogg.se

Singapore claim as business expense bar exam
Singapore claim as business expense bar exam





singapore claim as business expense bar exam singapore claim as business expense bar exam

Grant paid sick leave or reimburse medical fees if your employee visits a doctor to undergo a cosmetic procedure.Grant paid sick leave or reimburse medical fees if your employee falls sick during public holidays, while on annual leave, or on their rest days or non-working days.On the other hand, employers are not required to: It arises from a medical certificate given to the employee by a medical practitioner who is either from an approved public medical institution (such as a polyclinic or public hospital) or appointed by your company.It results in at least 1 day of paid sick leave and.Under the Employment Act, if an employee has worked for you for at least 3 months, then his or her employer must pay for the employee’s medical consultation fee if: Whether or not your company reimburses employees for their transport expenses is based on your company policy and the terms of your employee’s employment contract.ĭo note that if you have given an employee an advance on travelling expenses, you are not allowed to recover the advance amount from your employee’s salary. Transport expenses include parking fees, taxi fares and fixed monthly transport allowances. However, employers are legally required to reimburse medical expenses under certain circumstances. For which employee expenses are employers required to and not required to reimburse?Įmployers may choose to reimburse employers for a range of expenses, with the most common being transport and medical expenses. Organiser B may claim a disbursement from Company A for the payments made for the gifts afterwards because Organiser B had made these payments under Company A’s name. When the gifts arrive at the event, Company A authorises organiser B to pay for the gifts. Take for example if Company A engages organiser B to plan an event for Company A, and Company A orders door gifts from Company C under Company A’s name. On the other hand, a disbursement is a sum of money paid by a company to someone when he or she incurred an expense as an agent – in other words, when that person contracts with a supplier in the name of the company or another person. This is because A and B had paid for the transport fares in their own name when they personally rode in the taxis to contract with a supplier on behalf of the company. What is a Reimbursement? How is it Different from a Disbursement?Ī reimbursement is a sum of money paid by a company to an employee who has incurred an expense as a principal – in other words, when the employee contracts with a supplier in their own name or capacity on the company’s behalf.įor example, if employees A and B, in the course of procuring goods for ABC Company, had to travel to meet a supplier and therefore incurred expenses in the form of taxi fares, they may claim reimbursement from ABC Company. Can employers claim reimbursement for employee benefits/compensation and from whom?.Can an employer refuse to reimburse employees?.

singapore claim as business expense bar exam

Do employers need to pay CPF contributions for reimbursements?.For which employee expenses are employers required to and not required to reimburse?.

singapore claim as business expense bar exam

  • What is a reimbursement? How is it different from a disbursement?.
  • You might also have encountered issues when you yourself were claiming reimbursement for employee benefits like maternity leave from the government. As an employer, you may have had to reimburse your employees when they incurred an expense on behalf of the company.







    Singapore claim as business expense bar exam