The Singaporean Government recently announced that it will introduce a new points-based Complementarity Assessment (COMPASS) framework to determine foreign workers’ eligibility for Employment Passes (EP). The COMPASS framework will come into effect on 1 September 2023 for new EP applications and 1 September 2024 for EP renewal applications.
The COMPASS framework aims to ensure a strong core labor market and workforce diversity, and attract high-quality foreign employees to take on positions as professionals, managers, executives and technicians in Singapore.
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.
