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07 November 2024

Singapore announces updated COMPASS scoring criteria and increased salary requirements for Employment Pass applicants

On 1 November 2024, Singapore's Ministry of Manpower (MOM) announced updates to two scoring criteria under the COMPASS points-based framework and increased the salary requirements for experienced tech professionals who apply for Employment Passes (EPs) with a five-year validity period. The COMPASS framework for assessing EP applications was implemented for new applications effective 1 September 2023 and for applications to renew EPs expiring on or after 1 September 2024. Under COMPASS, applicants are assessed on four foundational criteria (salary, qualifications, diversity and support for local employment) and two bonus criteria (shortage occupation list, or SOL, and strategic economic priorities).

A Tax Alert prepared by EY's People Advisory Services, and attached below, provides additional details.

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Attachment

Full text of Tax Alert

Document ID: 2024-2049

 

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