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Jul 19, 2024 · S Pass quota and levy requirements. The number of S Pass holders you can hire is limited by a quota. You must also pay a monthly levy for these workers. Quota requirement. A dependency ratio ceiling (DRC), or quota, is the maximum ratio of foreign workers to the total workforce that a company in a given sector can employ.
Mar 14, 2024 · Use the quota calculator to plan how many Work Permit and S Pass holders your company can hire. For your company’s current workforce and quota, you should always check Work Permit Online.
You are limited by a quota and must pay the monthly foreign worker levy for each S Pass holder you employ. Find out your quota and levy requirements, how to pay the levy and applying for a levy waiver.
The S Pass Quota is a policy designed to control the number of S Pass holders a company can employ. The quota is set as a percentage of the company’s total workforce, ensuring a balanced mix of local and foreign employees.
Mar 18, 2024 · The minimum qualifying salary criteria for S Pass holders is $3,150 a month and up to $4,650 for those aged 45 and above. For S Pass holders in the financial services sector, the minimum qualifying salary is $3,650 and increases progressively with age, up to $5,650 for those 45 and above.
Feb 16, 2021 · The S Pass quota for construction, process and marine shipyard firms was lowered to 18 per cent on Jan 1 this year, and will be cut further to 15 per cent from Jan 1 in 2023, as announced...
An S pass is a work permit in Singapore. It allows the holder to live and work in the country. S Pass’s available to mid-level skilled employees. S Pass Eligibility 2022. As of 1 September 2022, you will need to meet the qualifying salary and other requirements to be eligible for an S Pass. By 1 January 2023, S Pass quotas will also be updated.
S Pass Is Subject To Foreign Worker Quota And Levy. An employer is subjected to a quota and payment of the monthly foreign worker levy for each S Pass holder employed. As of 1 Jan 2023, the S Pass quota will be: 10% for the services sector; 15% for manufacturing sector; 15% for construction, process and marine shipyard sector
S Pass quota and levy requirements in Singapore The number of S Pass holders you can hire is limited by a quota. You must also pay a monthly levy for these workers.
Dec 13, 2022 · If approved, these firms’ quotas for foreign workers on either pass will be expanded by up to 5 per cent of their existing base workforce, capped at 50 additional workers, for two years at...
