Entries by aglow_smadmin

SME Cash Grant for Companies

A one-off cash grant will be given to all companies for YA 2012. The grant is pegged at 5% of the company’s YA 2012 revenue, capped at $5,000. To enjoy the cash grant, the company must have made CPF contributions (who would have to be a Singaporean or permanent resident) for at least one employee […]

Special Employment Credit (SEC)

Special Employment Credit (SEC) was first introduced in 2011 Budget aiming to raise the employability of older low-wage Singaporeans. The SEC also helps employers to adjust to the re-employment legislation. The enhanced SEC will be given to employers who hire Singaporean employees aged above 50 earning up to $4,000 per month. The employer will receive […]

Productivity and Innovation Credit

Productivity and Innovation Credit (PIC) was first introduced in Singapore Budget 2010 to encourage businesses to invest in innovation and improve productivity. The PIC scheme provides 400% tax deduction/allowances (cap at S$400,000 per activity per year) for qualifying expenses incurred on each of the following six qualifying activities: Acquisition or leasing of PIC Automation Equipment […]