Employee turnover information required to submit new work pass applications

IMPACT — MEDIUM

The Singaporean government requires employers to submit turnover information in the Employment Pass Online portal to be able to submit new work pass applications.

Key Points:

• Employers must update their annual turnover information in their EPOL to submit new work passes.
• Prior to January 2022, employers were permitted to mark the past year’s turnover information as $0 or “unavailable”; Singaporean authorities are now rejecting applications that have not provided accurate turnover information.
• Beginning Jan. 1, 2023, employers should provide their turnover information for the 2022 fiscal year as soon as possible to avoid work permit application processing delays.
• Employers whose financials for the 2022 fiscal year are not available can mark it as unavailable and provide the turnover information once it is available.
• Turnover information can be submitted through this website.

BAL Analysis: Employers are advised to update their turnover information as soon as it is available to avoid work permit application rejections and processing delays.

This alert has been provided by the BAL Global Practice Group. For additional information, please contact berryapplemanleiden@bal.com.

Copyright © 2022 Berry Appleman & Leiden LLP. All rights reserved. Reprinting or digital redistribution to the public is permitted only with the express written permission of Berry Appleman & Leiden LLP. For inquiries, please contact copyright@bal.com.