This year’s Budget Statement was delivered by Minister for Finance, Mr Heng Swee Keat, in Parliament on Monday, 19 February 2018.
You can find MOM-related announcements on our official MOM Facebook page.
Changes to FDW levy framework
There will be three changes from 1 April 2019:
- For the first FDW who is employed without levy concession, the monthly levy will be raised from $265 to $300.
- For the second FDW who is employed without levy concession, the monthly levy will be raised to $450.
- The qualifying age for levy concession under the aged person scheme will be raised from 65 to 67 years.
You can find out more at:
Changes to foreign worker levy rates
Foreign worker levy rates will remain unchanged for all sectors.
The earlier-announced foreign worker levy increases for marine shipyard and process sectors will be deferred for another year.
You can find out more at the budget annex on foreign worker levy.