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Concessionary rate for FDW Levy cut to $60

20/6/2015

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CONCESSIONARY RATE FOR FDW LEVY CUT TO $60
Since May 1st, households eligible for the Foreign Domestic Worker Levy Concession only paid $60 on the monthly levy.

Previously, Employers of foreign maids pay $265 a month in levies, or $120 if they qualify for a concessionary rate.

The concessionary levy was also extended to families with children aged below 16 years, up from below 12 years old previously.

"These changes will provide greater support for middle-income families who are taking care of their children and elderly parents," said by Finance Minister Tharman Shanmugaratnam during his Budget 2015 speech.

Previously, families with children below 12 years old, elderly parents aged 65 years or above, or family members with disabilities pay the concessionary rate.

The reduction had taken effect since May 1st and had benefitted 144,500 households. The annual savings from the reduced maid levy for a household amount to $720 a year.

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