Singapore Budget 2015: Levy increases for S Pass, Work Permit Holders, to be deferred

The government will defer this year's round of announced levy increases for S Pass and Work Permit Holders in every sector, Tharman Shanmugaratnam, Deputy Prime Minister and Finance Minister, said on Monday.

Mr Tharman said this will give companies, especially small- and medium-sized enterprises (SMEs), more time to adapt to the "new normal of a permanently tight labour market, where it is both difficult to find Singaporean employees, and foreign workers are no longer an easy solution".

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