Web23. mar 2024 · For members aged 55 to 60, the new employers’ contribution rate will be 14.5%, and 15% for employees (up from 14% paid by both employers and employees). For … Web11. apr 2016 · The levy rates for basic tier R2 construction workers will be raised again on July 1, 2024 to SG$700. As was previously announced, a one-year freeze will be placed on levy increases in the marine and process sectors because of a reduction of work permit holders in those sectors.

Singapore: Work permit, S Pass levy increases announced

WebConstruction Sector The levy rate for Basic tier R2 workers will be raised from $550 currently to $650 on 1 July 2016 and to $700 on 1 July 2024 as previously announced (See Table 1). ... Tier 2 S Pass levy rate will be raised from $550 currently to $650. For queries, please contact MOM at 6438 5122. Web18. feb 2024 · SINGAPORE — The Government will reduce the ratio ceiling for S Pass workers in the construction, marine shipyard and process sectors from 20 per cent to 15 per cent, Deputy Prime Minister and... hermitage elementary virginia beach

Foreign Worker Levy Rebates In Singapore: How Much Businesses …

Webworkers you hire, the higher your foreign workers’ levy rate and your levy bill. The table below outlines the quota, levy rates and levy tiers for the different industry sectors. Pass type Tiers Percentage Levy rate (skilled / unskilled) S Pass Quota: 20% Basic/ Tier 1 ≤ 10% $250 Tier 2 > 10 ≤ 20% $390 Work Permits Manufacturing Quota: 60% Web17. nov 2024 · The number of Work Permit or S Pass holders hired ; Note: Levy rates are regularly reviewed and adjusted as required. Check the upcoming levy rates for the … Web1. 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% … hermitage eye care tn