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IS Tax and Accounting Company

Payroll Manage and Maintainance

We can take care of your employees' payroll and can also take care of tax and duty related to payroll payments. We will be a coordinator with government officials. In addition, we will also submit social security forms to you. We use a specially designed payroll program to increase the convenience of your business without worrying about payroll and employee payroll. The law stipulates that employers with more than one employee are required to register for social security and pay their employees a premium in compensation that may arise, for example, medical compensation. Compensation during the absence of work Compensation during physical rehabilitation And compensation for funeral expenses, etc. However, the employer is obliged to pay the risk compensation at a rate of 0.2-2.0%. Under the law, the employee is covered in the following cases of illness or accident, physical disability, non-related death or death. Work, childbirth, old age, child support allowance, unemployment compensation

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Our payroll services comprise of:

  • 1 ) Initial setting

    - Arrange and sort the information related to salary and timing of payment.
    - Create and set up database in the payroll system by collecting individualstaff information and salary required for payroll processing.

  • 2 ) Monthly payroll process and reporting

    - Calculate withholding tax, Social Security Fund and Provident Fund
    - Submit social security contributions and other contributions
    - Prepare withholding tax return form (PND 1)and file together with the tax payment to the Revenue Department.
    - Generate / print payroll pay-slip to distribute to staff
    - Prepare a Social Security Fund Payment Report (Form Sor Por Sor 1-10) and file the report together with the payment for contributions (for both customers and employees portions) to the Social Security Office.

  • 3 ) New employee hiring / resignation

    - Entry and / or Remove employee(s) in the system.
    - Prepare of registration forms (Form Sor Por Sor 1-03 and / or 1-03 / 1) for new hire or resignation employees and file a registration form to the Social Security Office.

  • 4 ) Processand file the annual employees’ salary Withholding Tax and Social Security Fund

    - Prepare the annual employees’ salary withholding tax return (Form PND.1 Kor) with the summary of the annual salary and withholding tax of all employees and file the withholding tax return with the Revenue Department.
    - Prepare thewithholding tax certificate and income tax form PIT.90, PIT.91 and PIT 94 for all employees.
    - Prepare the annual contribution report for the Compensation Fund (Form Kor Thor 20 Kor., Form Kor Tor 26 Kor) and Submit the Contribution Report Form to the Social Security Office.