Employers have to contribute Skills Development Levy (SDL) for all employees* up to the first $4,500 of each employee's total monthly remuneration** at a levy rate of 0.25%. This is subject to a minimum of $2, whichever is higher. This service lets employers of foreign workers or foreign domestic workers (FDWs) see their levy bill and settle it, if they need to. It was formerly known as the Internet Foreign Worker Levy Billing System (iFWLB). The Government announced on 27 June 2020 that it will set aside up to $920 million to extend foreign worker levy (FWL) rebates for the Construction, Marine Shipyard and Process sectors till end 2022. This will better support the estimated 15,000 companies in these sectors adjust to much more stringent Safe Management Measures as a result of COVID-19. The foreign worker levy, commonly known as “levy”, is a pricing mechanism to regulate the number of foreign workers in Singapore. The levy liability will start from the day the Temporary Work Permit, Work Permit or S Pass is issued, whichever is earlier. Apply for levy waiver. Includes when and how you can apply for a waiver for your foreign worker levy payments. Calculate foreign worker quota. Calculate how many Work Permit and S Pass holders your company can hire. Calculate levy penalty. Get an estimate for the levy penalty amount that you need to pay. The Skills Development Levy, SDL in short, is a fee imposed upon all employers under the Skill Development Levy Act. The levy is managed and controlled by the SkillsFuture Singapore Agency (SSG) . All employers, whether private or a statutory board, are liable to paying the SDL on a monthly basis for each of their employees (both locals and foreign employees) . So, Skills Development Levy in Singapore is something compulsory and must be paid on time. Being an employer, you have to pay it on behalf of every employee you have. It is also important to take the help of a reliable calculator online to calculate the exact amount of Skill Development Levy that you have to pay. After you register a new business in Singapore, you have to contribute to statutory funds, regardless if you’re an established subsidiary or a start-up.You have probably heard about contributing to CPF for your staff, but you might not have heard of the Skills Development Levy. That’s a levy for every company on their full or part-time employers. Amount waived = Monthly levy rate – Levy payable $600 (monthly levy rate) – $295.95 (levy payable) = $304.05 (amount waived) Source of Information for all Work Passes & their related matters is from the Ministry Of Manpower, Singapore. Skills Development Levy (SDL) <p> <a href="http://sdl.ssg.gov.sg/" target="_blank"><strong>Skills Development Levy</strong></a> (SDL) is a compulsory levy that you have to pay for all your employees working in Singapore, on top of CPF contribution and Foreign Worker Levy.
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