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IMPACT – MEDIUM
What is the change? Singapore’s Ministry of Manpower has announced that it will adjust initial and renewal application and issuance fees for work passes and related passes.
What does the change mean? Administrative fees for Employment Passes, S Passes, work permits and other passes will increase in April.
Some of the relevant fees are highlighted below (all figures in Singapore dollars):
A full list of the fee changes is available here.
Analysis & Comments: The last update to the administration fee was in April 2013. Companies should factor the fee increases into their budgets and consider filing affected applications before the rate hikes take effect.
Source: Deloitte LLP. Deloitte LLP is a limited liability partnership registered in England and Wales with registered number OC303675 and its registered office at 1 New Street Square, London EC4A 3HQ, United Kingdom.
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