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The number of Work Permit holders you can hire is limited by a quota. You must also pay a monthly levy for these foreign workers.
For employers of migrant workers or migrant domestic workers (MDWs) to see and pay their levy bills, or apply for waivers and refunds. Existing sponsors and authorised family members can also pay levy on behalf of MDW employers.
Jun 15, 2024 · 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.
Overview. What is SDL? 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). How SDL works. SDL is used to support workforce upgrading.
Mar 14, 2024 · Your worker’s levy rate may be affected when there is a change in the: Number of employees (i.e. local employees, Work Permit or S Pass holders) Worker’s skill status (e.g. from higher-skilled to basic-skilled) For more details, you can refer to the guidelines on how to calculate your quota and levy bill.
May 21, 2021 · Are you hiring a work permit holder or an S Pass holder? The foreign worker’s qualifications: businesses pay less foreign worker levy for higher-skilled workers. The number of Work Permit or S Pass holders hired in the company: businesses with a larger proportion of their headcount filled by foreign workers have to pay a higher foreign worker levy.
CheckFirst. Skills Development Levy Calculator. As required by law under the Skills Development Levy (SDL) Act, employers are required to pay a monthly SDL for all employees rendering services in Singapore, including foreign employees and employees employed on casual, part-time, or temporary basis.
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?
Guide to Foreign Worker Levy (FWL) for work permit - Sleek
Jul 5, 2023 · The Foreign Worker Levy (FWL) is a levy imposed on employers in Singapore who hire foreign workers. The levy aims to manage the demand for foreign workers and encourage employers to prioritise hiring local talent.
