Help for Businesses

Is your business affected? Here’s a listing of wage and training support, tax relief, rental waiver, loans and other assistance.

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 Mor e 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

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