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Find out your sector's quota and levy requirements. Find out what the foreign worker levy is and how to calculate the quota and levy. Includes how to pay and the penalties for non-payment or late payment. Qualifications and certificates needed for higher skilled worker levy and how to apply.
You must pay a monthly levy for Work Permit holders. The levy liability will start from the day the Temporary Work Permit or Work Permit is issued, whichever is earlier. It ends when the permit is cancelled or expires. Levy rate. The levy you pay generally depends on two factors: The worker’s qualifications.
There are two factors that determine the levy rate you have to pay and the quota: Employees with relevant qualifications are considered to be higher-skilled workers, which qualifies them for higher-skilled Foreign Worker levy. There is a new update Construction FWL rates from 2024, Table 4a.
Changes in Foreign Worker Levy (FWL) Rates The Tier 1 S Pass FWL rate will be progressively raised from $330 to $650 by 2025. Table 3: Current and new FWL rates for S Pass
Mar 18, 2024 · Qualifying salaries start from $5,000 and increase progressively with age, up to $10,500 for those aged 45 and above. From 2025, the qualifying salaries for EPs will be raised to $5,600 and go up to $10,700 for those aged 45 and above.
1. Strike-outs refer to earlier-announced levy rates which were deferred. 2. *The S Pass sub-DRC is 20% in Manufacturing, 18% in Construction, Marine Shipyard and Process, and 10% in Services sector. MORE INFORMATION For more information, please visit (www.mom.gov.sg), or contact the MOM hotline at 6438 5122.
Mar 23, 2022 · The Tier 1 S Pass worker levy rate will increase on 1 September 2022 to S$450, to S$550 in September 2023 and to S$650 in September 2025. Levy structure to replace Work Permits.
Visit MOM for current updates on levy rates. Note: For all sectors, the S Pass quota will be counted within the Work Permit quota. The daily levy rate applies only to S Pass holders who did not work for a full calendar month. The daily levy rate is calculated as follows: (Monthly levy rate x 12) / 365 = rounding up to the nearest cent.
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 should pay the levy using GIRO. Levy rate. For the services sector, the levy rate is as follows:
As announced in MOM’s COS 2022, MOM has set the benchmark for the cost of hiring an S Pass holder, which comprises both the qualifying salary and levy, based on the top one-third of local APT 4 wages.
