VIEW MORE.pdf

bdbcec_16187d947c524f31b973de3f17c36855.pdf
Preview of VIEW MORE
🔗 Source: fookontan.com
📊 Size: 1.99 MB
📄 Pages: 10 pages
⬇️ Downloads: 94

Summary

Singapore has introduced various COVID-19 support grants to help organisations facing cash flow problems. These include:

1. Direct Cash Support: $9,000 over 9 months for eligible Self-Employed Persons (SEPs).
2. NTUC Training Fund (SEPs): Up to $8.50/hour allowance for SEPs attending training courses.
3. Wage Support: Government co-funds first $4,600 of gross monthly wages for local employees.
4. Wage Increases Support: Government co-funding ratios for wage increases raised to 20% and 15%.
5. COVID-19 (Temporary Measures) Bill: Provides cash-flow relief for businesses and individuals affected by COVID-19.
6. Corporate Income Tax (CIT) Rebate: 25% rebate of tax payable, capped at $15,000 for YA2020.
7. Deferment of Income Tax Payments: Automatic deferment of income tax payments for 3 months.
8. Property Tax Rebate: 100% rebate for qualifying commercial properties, 60% for Integrated Resorts, and 30% for other non-residential properties.
9. Rental Waivers: 4 months rental waiver for commercial tenants and 2 months for other non-residential tenants.
10. Enterprise Financing Scheme: Enhanced help for financing needs, including increased loan quantum and risk-share from the Government.
11. Enterprise Financing Scheme - SME Working Capital Loan: Increased loan quantum and risk-share from the Government for SMEs.
12. MAS and Financial Industry Support Scheme: Support for SMEs with access to bank credit card and insurance cover.

Description

Singapore has introduced various COVID-19 support grants to help organisations facing cash flow problems. These include:

1.

Technical Information

  • File Format: PDF
  • File Size: 1.99 MB
  • Pages: 10
  • Language: EN
  • Total Downloads: 94
  • Last Updated: 6 days ago

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