How do i calculate sdl

Essentially, the scheme allows the Workforce Development Agency to fund their training centres to benefit Singapore employers and the workforce. You can easily calculate the levy from the government's SDL calculator. You can also access the same CPF service from any of the AXS station , a self-service terminal that can be found island-wide.

If your firm only employ foreigners, you can still make your SDL rate contributions for your foreign employees through E-payment service at the SDL website. If you have questions with this part, feel free to get in touch with us via email. You can also reach out to us directly over at WhatsApp! For certain types of employees, employers will be exempted from paying the SDL.

This excludes employee who is on leave for that month that is arising from his or her employment in Singapore. The following exclusions are to be deducted from PAYE remuneration to calculate the skills development levy. Remember Me? Log in Advanced Search. Wiki SDL. View source History Discussion. From The Forum SA. 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. However, if they hire employees or contractors then the SDL will apply. Stipends paid to interns or students engaging in work during vacation are not applicable for SDL contributions.

Employees hired by individuals such as those tasked to fulfill household duties do not qualify for SDL contributions. Examples of these are gardeners, chauffeurs, and maids. Payments by cheque Direct payments to SSG are also allowed, either through a crossed cheque or bank transfer.