Podcast
Questions and Answers
What action does the CPF Board take against employers who do not pay CPF contributions correctly and promptly?
What action does the CPF Board take against employers who do not pay CPF contributions correctly and promptly?
- Issues warnings and reminders to the employer
- Reduces the CPF contributions for the employees
- Provides financial assistance to the employer
- Imposes penalties and takes enforcement actions (correct)
How does the CPF Board handle employers in financial difficulties who owe CPF contributions?
How does the CPF Board handle employers in financial difficulties who owe CPF contributions?
- Reduces the penalty for late payment
- Waives the CPF contributions owed by the employer
- Continues enforcement actions but acknowledges the contributions may not be recoverable (correct)
- Provides a grace period for the employer to make the payments
What does the CPF Board do to detect employers who are late in paying CPF contributions?
What does the CPF Board do to detect employers who are late in paying CPF contributions?
- Relies on reports from employees
- Has a system in place and conducts regular audits (correct)
- Imposes fines without prior notice
- Relies on self-disclosure by employers
What is the consequence for employers who fail to pay or underpay CPF contributions?
What is the consequence for employers who fail to pay or underpay CPF contributions?
What should employees consider if their employer is in financial difficulties and unable to pay CPF contributions?
What should employees consider if their employer is in financial difficulties and unable to pay CPF contributions?
What actions does the CPF Board take against employers who do not pay CPF contributions correctly and promptly?
What actions does the CPF Board take against employers who do not pay CPF contributions correctly and promptly?
How does the CPF Board handle late payment of CPF contributions by employers?
How does the CPF Board handle late payment of CPF contributions by employers?
What happens if an employer is in financial difficulties and unable to pay CPF contributions?
What happens if an employer is in financial difficulties and unable to pay CPF contributions?
What is the consequence of an employer underpaying CPF contributions for their employees?
What is the consequence of an employer underpaying CPF contributions for their employees?
What does the CPF Board do to detect employers who are late in paying CPF contributions?
What does the CPF Board do to detect employers who are late in paying CPF contributions?
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