Skills Development Levy (SDL) is applicable to all employees, whether they are Singapore Citizen/Permanent Resident/Employment Pass/Work Pass holders.
Annual Compliance FAQs / Skills Development Levy
Skills Development Levy (SDL) must be paid monthly, and within 14 days after the end of the month for which SDL contributions are due.
SDL pertains to Singapore’s Skills Development Levy. All companies are required to contribute a fee to the skills development fund in the form of Skill Development Levy (SDL).
Skills Development Levy (SDL) is a contribution payable by employers for all employees up to the first $4,500 of gross monthly remuneration at the rate of 0.25% or $2, whichever is higher.
Employment Pass holders do not have to make any social security contributions to the Central Provident Fund (commonly know as “CPF” which is only applicable to Singaporeans and Permanent Residents). However, the employer (company) is required to contribute a fee to the Skills Development Fund (SDF). SDF contribution or Skills…Read More