Imposition of levy
s 3
Open ↗3.—(1) Subject to the provisions of this Act, every employer must, in respect of each of the employer’s employees, pay a skills development levy of the greater of the following amounts:(a) subject to subsection (2), an amount calculated at the rate of 0.25% of the wages in any month of that employee or such rate as the Minister may, by notification in the Gazette, prescribe;[Act 4 of 2023 wef 15/06/2023] (b) $2. (2) For the purpose of subsection (1)(a), the levy is not chargeable on the part of the wages of the employee in any month that exceeds $4,500 or such other amount as the Minister may, by notification in the Gazette, prescribe.[Act 4 of 2023 wef 15/06/2023] (3) The levy must 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 for the levy.