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Home Help For Workers

Help for Businesses

by hanerslim
March 31, 2020
in Help For Workers
Help for Families​
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Is your business affected? Here’s a listing of wage and training support, tax relief, rental waiver, loans and other assistance. 

From Government Budgets 2020

Wage Support

  • 75% wage support on first $4,600 of gross monthly wages per local employee for the month of April and for the subsequent months: 
    – Aviation, accommodation and tourism sectors will receive 75% wage support 
    – Food services sectors will receive 50% wage support
    – All other sectors will receive 25% wage support
    -Refer here for More Details
  • Raised the Government co-funding levels for 2019 and 2020 qualifying wage increases to 20% and 15% respectively under the Wage Credit Scheme More Details
  • Waiver of monthly Foreign Worker Levy due in April More Details
  • $750 Foreign Worker Levy Rebate for each work permit or S pass holder (based on previous levies paid in 2020) More Details 

Training Support

  • Extended the enhanced training support, comprising higher course fee subsidies and absentee payroll support, to more sectors and till end-2020 More Details
  • Extended funding period for reskilling to 6 months for the tourism, aviation, retail and food services sectors under the Adapt and Grow initiative, specifically through redeployment programme

FROM NTUC

  • Work with NTUC and the unions to set up Company Training Committee to drive companies’ transformation
  • Partner NTUC LearningHub to curate or customise workers’ training

Tax Relief

  • Automatic deferment of income tax payments for companies for 3 months More Details
  • 100% Property Tax Rebate for commercial properties (hotels, serviced apartments, tourism attractions, shops and restaurants) More Details
  • 60% rebate for the Integrated Resorts More Details
  • 30% Property Tax Rebate for other non-residential properties (offices and industrial properties) More Details 

Rental Waiver

  • 1 month rental waiver for industrial, office and agricultural tenants of Government agencies
  • 2 months rental waiver for eligible commercial tenants
  • 3 months rental waiver for stallholders in hawker centres managed by NEA or NEA-appointed operators

Loan Support

  • $20 billion loan capital
  • Freeze all Government fees and charges till 31 Mar 2021
  • Maximum $10 million loan quantum under the Enterprise Financing Scheme (EFS) – Trade Loan More Details
  • Up to 80% subsidies for loan insurance premiums
  • Up to $1 million EFS – SME Working Capital Loan More Details
  • Maximum $5 million Temporary Bridging Loan Programme (TBLP) for all sectors More Details
  • Defer capital payment for 1 year on the EFS – Working Capital Loan and TBLP loans More Details
  • 80% LIS insurance premium for 1 year, from 1 Apr 2020 to 31 Mar 2021 More Details
  • Higher Enterprise Development Grant support of 90% till end 2020, and increase maximum support to 90% on a case-by-case basis
    – Eligible unionised companies can qualify for additional 10% funding More Details
  • 80% maximum support under Productivity Solutions Grant till end 2020 More Details
  • $200 one-time grant for businesses registered on the nationwide e-invoicing network More Details
  • Doubled matching ratio under STEER to $1 for every $2 (from $1 for every $4) More Details

Other Assistance

  • Enhance the SMEs Go Digital Programme to provide support for more digital solutions, from basic remote working tools, to more advanced systems More Details
  • Stepping up on the cleanliness of public spaces through SG Clean More Details

This is a snapshot of some of the help available. Eligibility criteria and terms & conditions apply. (April 2020)


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Tags: Government Budget 2020Help For Workers
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