Help for Businesses

• 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 

• 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

• 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 

• 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

• $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

• 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