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Formal Consolidation | 1998 RevEd
Imposition of levy
3.—(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 1% of the remuneration in any month of that employee or $2, whichever is the greater.
[S 196/80; S 83/85; S 74/86]
(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).
(4) Without prejudice to any other remedy, the levy may be recovered as a debt due to the Board from the person accountable therefor.
[19/91; 35/96]
Informal Consolidation | Amended Act 20 of 2008
Imposition of levy
3.—(1) Subject to the provisions of this Act, every employer shall, in respect of each of his employees, pay a skills development levy of the following amount:
(a)
subject to subsection (1A), at the rate of 0.25% of the remuneration in any month of that employee or such rate as the Minister may, by notification in the Gazette, prescribe; or
(b)
$2,
whichever is the greater.
[20/2008 wef 01/10/2008]
(1A) For the purpose of subsection (1)(a), the levy shall not be chargeable on the part of the remuneration of the employee in any month that exceeds $4,500 or such other amount as the Minister may, by notification in the Gazette, prescribe.
[20/2008 wef 01/10/2008]
(2) The levy shall be collected and paid in respect of the month of October 1979 and every subsequent month.
(4) Without prejudice to any other remedy, the levy may be recovered as a debt due to the Agency from the person accountable therefor.