March 15, 2022
Singapore introduces new points-based COMPASS immigration framework
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 September 1, 2023 for new EP applications and September 1, 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 (PMET) in Singapore.
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.
Full text of Tax Alert