Budget 2022 Announcements On Employment Pass And S Pass Moves (Part 2)

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FAQ 1. What are the key changes to the EP and S Pass framework?

FAQ 2. Why is MOM making these changes now?

FAQ 3. How can I find out what the qualifying salary will be for my EP/S Pass candidate?

FAQ 1. What are the key changes to the EP and S Pass framework?

Going forward, MOM will aim to ensure that EP and S Pass holders are comparable in quality to the top one-third of our local PMET and APT workforce1 respectively.

The EP qualifying salary will therefore be benchmarked to the top one-third of local PMET wages.

The cost of hiring an S Pass holder (which includes both the qualifying salary and levy) will be benchmarked to the top one-third of local APT wages.

The setting of this clear benchmark will provide employers with greater predictability on how EP qualifying salaries, and S Pass qualifying salaries and levies, will be adjusted over time.

FAQ 2. Why is MOM making these changes now?

The revisions to the EP and S Pass criteria are part of MOM’s regular updates to ensure they keep pace with local wage growth.

In addition, the announcement of a clear benchmark is timely to provide businesses clarity for manpower planning, as they undertake crucial shifts to emerge stronger post-COVID.

FAQ 3. How can I find out what the qualifying salary will be for my EP/S Pass candidate?

Employers can use the Self-Assessment Tool (SAT) on the MOM website to assess if their candidate is eligible for an EP or S Pass.

The SAT will be updated by August 2022 to incorporate changes that are taking effect for new EP and S Pass applications from 1 September 2022.

The SAT will also be updated to provide guidance to firms in the Financial Services sector, which are subject to a higher EP qualifying salary.

More detailed services and information related to Singapore tax can be found and inquired through the PREMIA TNC website.

Why Singapore?

Budget 2022 Announcements On Employment Pass And S Pass Moves >>

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