How much to contribute for sdl

This is regardless of their employment type e. This also includes Work Permit holders and Employment Pass holders. However, there are a few exceptions made for certain employees, such as interns or students concurrently enrolled in a local university and are employed in that university under an approved training programme.

As a starting point, the SDL is payable at a rate of 0. After tabulating the SDL payable for each employee, add up the total amount of SDL payable for your company and round this figure down to the nearest dollar. If convicted, the employer will be liable to a penalty equal to the amount of the SDL due and unpaid. If you have difficulties making payment, you can request to pay through instalment payments.

The register should contain the following details:. Having properly updated payment records are necessary not only to ensure that the monthly SDL payments are correct, but also because officers from SSG may also conduct audits on SDL payments. If an employer becomes liable, they need to register for SDL.

The levies are distributed via SETA. Businesses and Employers. Tax Practitioners. Customs and Excise. Skills Development Levy. What is SDL? The funds are to be used to develop and improve skills of employees. Who must pay SDL? What steps must the employer take? The following employers are exempt from paying SDL— Any public service employer in the national or provincial sphere of Government.

The Skills Connect website is the best place to start for more information about how to get access to the plethora of training grants and schemes. Get free online marketing tips and resources delivered directly to your inbox. In the meantime, start building your store with a free day trial of Shopify.

Try Shopify free for 14 days, no credit card required. By entering your email, you agree to receive marketing emails from Shopify. Email address. Your store name. Create your store. Opens in a new window Opens an external site Opens an external site in a new window. Do you want to create your own online store? Yes No. What is the SDL? The SDL Act Chapter outlines the purposes of the fund: The promotion, development and upgrading of skills and expertise of persons preparing to join the workforce, persons in the workforce and persons rejoining the workforce The retraining of retrenched persons The provision of financial assistance by grants, loans or otherwise for the purposes of the abovementioned objects It is mandatory for employers in Singapore to pay the levy for every employee on their payroll.

These are: Singaporean businesses that hire workers outside the country and whose jobs require them to work overseas. For example, a Singaporean company that hires an employee in the U. Singaporean companies that hire a worker in Singapore but proceeds to send them abroad to work in a satellite office.

This could be, for example, a Singaporean resident transferred to the Indonesia or Thailand office. Fees paid to directors does not require a Skills Development Levy contribution. However, if they are paid a monthly salary then the SDL will apply.

Self-employed individuals do not need to remit a monthly SDL for their earnings.