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Dec 15, 2023 · Please take note that the Work Permit Quota for Employees from the People’s Republic of China (PRC) is as follows for the Manufacturing and Services Sectors: Manufacturing: 25%; Services: 8%; QUOTA FOR S PASS HOLDERS. The quota for S Pass holders varies by industry and is included in the overall foreign worker quota.
The foreign worker levy, commonly known as “levy”, is a pricing mechanism to regulate the number of foreign workers in Singapore. As an employer, you must pay the levy for all your S Pass holders. The levy liability starts from the day the S Pass is issued and ends when the pass is cancelled or expires. You have to pay the levy using GIRO.
Dec 14, 2022 · The company’s S Pass quota will be based on the Central Provident Fund ( CPF) account declared on the S Pass application form. The following local employees are not counted when calculating your quota: Business owners of sole proprietorships or partnerships. Employees who receive salaries and CPF contributions from three or more employers.
S Pass quota = 15% x (total workforce [39] + 1) = 6 S Passes #The 6 IPA holders have been counted into the total workforce after their work permits are issued. After the issuance of the work permits for his 6 approved Malaysian workers, Mr Tan has sufficient quota to hire 6 S Pass workers. Services sector: S Pass quota = 10% x (total workforce + 1)
Exclude Employment Pass (EP) holders from this calculation. Step 3: Calculate the number of S Pass holders you can hire. The S Pass quota is 10% for the services sector and 15% for other sectors. This percentage refers to the portion of your total workforce that can be S Pass holders and counts towards your maximum quota for migrant workers.
Mar 27, 2024 · Eligibility for S Pass. Only eligible candidates will be considered for an S Pass. Criteria include earning a salary of at least $3,150, which is benchmarked against the top one-third of the local associate professionals and technicians ( APT) salaries by age. Use the Self-Assessment Tool to check a candidate’s eligibility before you apply.
Get started on growing your business by automating your manual tasks. Talenox makes everything, from managing your employees from hire to exit, and all in between, easier for you. Free online calculator to calculate your Foreign Worker Quota and Levies. Key in your sector type, local employee count, and quantity of S Pass and WP holders.
