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Corporate service buyers

Paying CPF for self-employed vendors

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Do corporate service buyers need to factor in an approving authority to ensure accuracy of records submitted under Contribute-As-You-Earn (CAYE)?

Under Contribute-As-You-Earn (CAYE), corporate service buyers are advised to factor in an approving authority within their internal processes before making payment to ensure accuracy of records submitted (i.e. no fraudulent transactions, no error in payment amount or self-employed person to be paid). Once submitted, CAYE payments are considered correctly paid.