SG Budget: Hike in levy for basic skilled permit holders in construction sector in 2016: Tharman

February 24, 20149:59 am409 views
SG Budget: Hike in levy for basic skilled permit holders in construction sector in 2016: Tharman
SG Budget: Hike in levy for basic skilled permit holders in construction sector in 2016: Tharman

SINGAPORE will increase foreign worker levies for basic skilled work permit holders in the construction industry in 2016, Tharman Shanmugaratnam, Deputy Prime Minister and Minister for Finance, said on Friday.

In July 2016, the levy for basic skilled or R2 work permit holders employed within man-year entitlement will be raised from S$600 to S$700.

“We are announcing this change in the construction sector two years in advance because of the significant pre-planning needed in such projects,” Mr Tharman told parliament.

The levies for higher skilled or R1 work permit holders will be unchanged. This is to further encourage construction firms to opt for more skilled foreign workers, he said.

 

source: businesstimes.com.sg

Read more HR NEWS in ASIA

(Visited 1 times, 1 visits today)