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Singapore announces foreign manpower policy updates
The Singapore government has announced various updates to the foreign manpower policy in the Budget and Committee of Supply debate. As announced in Budget 2021, to encourage the manufacturing sector to develop a strong, highly-skilled local core in their workforce and to moderate further the reliance on foreign workers, the government will be adjusting the S Pass sub-Dependency Ratio Ceiling (DRC) in two phases beginning January 1, 2022.
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.