Singapore legislation
Clause 3
Clause 3
Imposition of levy
(1)
Subject to the provisions of this Act, there shall be imposed on every employer a skills development levy in respect of each of his employees at the rate of two per cent of the remuneration in any month of that employee or five dollars, whichever is the greater.
(2)
The levy shall be collected and paid in respect of the month of October, 1979, and every subsequent month.
(3)
The Minister may from time to time by order reduce or increase the rate of the levy specified in subsection (1).