New Work Permit fees to take effect May 15, 2017
Speaking in the House of Assembly today, April 18, 2017 Hon Pickering, in a statement on the new work permit fee structure, said special considerations have been made for domestic workers, who will pay 1% of their annual salary for their work permit.
For all other workers, the fee for earnings up to 25,000 per annum will be charged at 3%, while the fee for earnings from 25,001 to $50, 000 will be translated at 5%.
The work permit fee for earnings above 50,001 will be calculated at 7%, while earnings in excess of 150,000 per annum will also be charged at 7%.
There is a fee cap at $10,000, which means no work permit will cost above $10, 000.
The fee structure also introduces a $50 application fee in addition to the $75 fee currently charged for the issuing of the work permit card.
Penalty for understating income
“With the new structure requiring high income earners to pay higher fees we recognise that there is a potential risk of persons to understate their income to benefit from lower work permit fees; however, Madam Speaker, we have taken step discourage this practice by including a penalty that is 10% of annual income for understating your income,” Hon Pickering stated.
He also noted that work permit fees were “not arbitrarily raised” but were done through consultation with “industry practitioners.”
Hon Pickering also stated that the processing of work permits will be done within four weeks in collaboration with Immigration Department.