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Olive Technologies FZE





Olive Regional Feature List - Singapore


Complete Multi Currency Support for local and expats differentiation with the facility to change the Currency from any specific Month or Sub Period

Supports standard Monthly and weekly, 15 days and Fortnightly Payroll within each calendar month. Generate Pay Slips and Salary Registers against each of the Sub Periods (Weekly, 15 Days or fortnights)

Facility to enter Time Sheets of past month along with the current month (or separately) and generate a single ordifferent Pay Slips for each of the Sub Periods.

Facility to apply and record different currency exchange rates for different Time Sheet periods within a month.

Facility to show YTD figures of all the Allowances and Deductions in Pay Slips

Facility to track the Onshore and Offshore salary components as well as to track the Local and Expats separately.

Tax computation as per the Singapore statutory requirements.

Facility to set / manage user defined Tax formula for each year.

Facility to start the new Tax Table / formula effective from any specific calendar month / date

Facility to set the Taxable Income, completely user defined. User can choose the allowances and deductions to beformed as part of the Taxable Income.

CPF Computation as per the Singapore Statutory requirements.

Facility to set / manage the Statutory Central Provident Fund (CPF) tables with the feature to set the Employees Share and the Employers Share for different wage levels and Age levels.

Facility to start the new CPF Table effective from any specific calendar month.

Facility to set the CPF Income, completely user defined. User can choose the allowances and deductions to be formed as part of the CPF Ordinary Wages and CPF Additional Wages.

Skill Development Levy (SDL) Computation as per the Singapore Statutory requirements.

Facility to set / manage the Statutory SDL rate tables with the feature to set the Employers Share for different wage levels.

Facility to start the new SDL rate effective from any specific calendar month, in case of a change in rates.

Facility to set the SDL Income, completely user defined. User can choose the allowances and deductions to be formed as part of the total Income used for the computation of SDL.

Singapore Indian Development Association (SINDA) Computation, Chinese Development Association Contribution (CDAC), Mosque Building and Mendaki Fund (MBMF) as per the Singapore Statutory requirements.

Facility to set / manage the Statutory SINDA, CDAC, MBMF rate tables with the feature to set the Employee Share for different wage levels.

Facility to start the new SINDA, CDAC, MBMF rate effective from any specific calendar month, in case of a change in rates.

Facility to set the Total Income used for the computation of the above, completely user defined. User can choose the allowances and deductions to be formed as part of the total Income used for the computation of SINDA, CDAC, MBMF.

Built in IR8A Adjustment module so that the users can handle exceptional scenarios with manual ease.

Built In Additional Reports available, other than the standard reports

Time Sheet Summary Report

Statement of Earnings (Annual)

Salary Registers (Earnings, Deductions, Contributions, Financial Register, Tax Register)

Register - CPF

Register – SINDA

Register – SDL

Register – CDAC

Register – MBMF

Tax Form IR8A (Graphical as per Statutory format)

Tax Form IR8S (Graphical as per Statutory format)

CPF Submission File facility

IR8A Submission File facility

Appendix 8A

Entry Checklist Reports

YTD Reports (Earnings, Deductions, Contributions, Financial Register, Tax Register)

User Defined Register setting facility (user can create their own registers as per their choice)

Direct integration with ESS (Employee Self Service) so that the employee can view / download their current and past pay slips. Employees can also view /download the filled-in IR8A form submitted for each year to IRAS [New].

This is a great feature for the company as they just need to verify the IR8A form for all the employees for the calendar year, post it to the ESS as PDF documents. Employee can view / download the new IR8A form for the given calendar year. System will maintain the IR8A documents for all the past years.

Facility to generate the different Registers in MS Excel formats.

Sub Period (Fortnightly / Monthly / Weekly) reporting facility

Currency Wise reporting facility

Local Currency, Foreign Currency and Dual Currency Pay Slips available in Graphical Preview, MS Excel and PDF Formats. Facility to print the Pay slips, send Pay Slips by email and direct upload on to the ESS.

Supports the Olive Standard model and the new Rate x Qty model of data entry, storage and reporting and many more...