Singapore’s Budget 2020 saw the unveiling of measures to help businesses retain their employees as they navigate the challenges posed by the COVID-19 outbreak. In addition, new grants have been introduced and existing grants enhanced to encourage businesses to develop and transform their workforce.
These include the Jobs Support Scheme, Wage Credit Scheme, as well as the SkillsFuture Enterprise Credit, among others.
In this document, we have compiled some of the key grants that employers should be familiar with, for your reference.
Singapore Budget 2020 Newsletter
Corporate Income Tax Rebate
Extension of Interest-Free Instalments for Payment of CIT on ECI
Option to Accelerate Capital Allowances
Enhanced Carry-Back Relief System
Option to Accelerate Claims on Renovation and Refurbishment Costs