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The SDL is a compulsory levy that you have to pay for all your employees, including foreign employees, working in Singapore. This is in addition to your monthly CPF contributions. CPF Board collects SDL on behalf of the SkillsFuture Singapore Agency (SSG).
Jun 15, 2024 · You have to contribute Skills Development Levy (SDL) for all your employees*. The levy payable for each employee is at 0.25% of their monthly total wages. The minimum payable is $2 for an employee earning less than $800 a month and the maximum is $11.25 for an employee earning more than $4,500 a month.
The SDL payable is at 0.25% of the monthly remuneration for each employee, with the minimum payable of $2 (for an employee earning less than $800 a month) and a maximum of $11.25 (for an employee earning more than $4,500 a month). You can use the SDL calculator to compute the payable amount.
SDL is payable on the first $4,500 of monthly wages at the rate of 0.25%, subject to a minimum of $2. The table below gives an example of how to calculate SDL payable:
The SDL payable is at 0.25% of the monthly remuneration for each employee, with the minimum payable of $2 (for an employee earning less than $800 a month) and a maximum of $11.25 (for an employee earning more than $4,500 a month). What were the past revisions in SDL? How often will the SDL be adjusted?
You may verify your payroll records using the SDL rate of 0.25% of the monthly wages* for each employee*, with the minimum payable of $2 (for an employee earning less than $800 a month) and a maximum of $11.25 (for an employee earning more than $4,500 a
SDL is payable on the first $4,500 of monthly remuneration at the rate of 0.25%, subject to a minimum of $2. The table below gives an example of how to calculate SDL payable: How do employers calculate SDL for months with bonus pay-outs or allowances?
Jun 27, 2024 · As of February 2022, the skills development levy (SDL) is a mandatory contribution required by all companies in Singapore. It's important to adhere to statutory obligations if you manage the payroll for a business or an organisation that hires employees in Singapore.
Jan 14, 2024 · Knowledge Detail. FAQs. What is the Skills Development Levy (SDL)? The Skills Development Levy (SDL) is a compulsory levy imposed under the SDL Act for all your employees, including foreign employees, working in Singapore. The SDL is in addition to CPF contributions.
Jun 13, 2018 · What are the SDL contribution rates? The current SDL contribution rate is 0.25% , capped at a monthly remuneration ceiling of $4,500 . Do note that the minimum contribution per employee is $2.00, while the maximum contribution per employee is $11.25 .
