Minister for Finance, Singapore has delivered the FY2017 Budget Statement in the Parliament on 20 February 2017. There are amendments that impact the payroll system. The Government has deferred levy increase for Work Permit holders in “Marine” and “Process” sectors for a year. While for “Manufacturing” and “Services” sector the levies will remain unchanged for this year. Previously proposed increase in levy rates for Work permit holders in Construction sector shall continue.
Our Position Statement has been revised to include this legislative updates and the delivery timelines, where appropriate. We advise customers to review our position statement to keep up-to-date. The Position Statement can be found on My Oracle Support
, Document ID 2239972.1.