Singapore : Selected Budget 2013 measures for SMEs
3.29.2 Selected Budget 2013 measures for SMES Programs Details Wage credit The government co-funding 40% of the wage increase for a Singaporean employee with a gross monthly salary of up to S$4,000 scheme · A business spending at least S$5,000 on a credit- qualified activity receiving a matching bonus up to S$15,000 Productivity and innovation credit bonus Corporate • Each year, 30% of corporate income tax refunded, subject to a cap of S$30,000 per company income tax rebate · Enhanced productivity Helping SMES upgrade productivity, innovation, and innovation credit scheme Collaborative industry and projects • Technology adoption саpability program • Land productivity grant SME talent program • Workforce and training support • Market readiness assistance grant • Enhanced partnerships for capability transformation Support to enhance companies' access to financing • Increase in central provident fund and lower contribution rates for low- Helping SMES tap opportunities for growth and others wage workers • Lower tax on household benefits • Road tax rebate SMES = small and medium-sized enterprises. Source: Standards, Productivity, and Innovation Board of Singapore. 3.29.2 Selected Budget 2013 measures for SMES Programs Details Wage credit The government co-funding 40% of the wage increase for a Singaporean employee with a gross monthly salary of up to S$4,000 scheme · A business spending at least S$5,000 on a credit- qualified activity receiving a matching bonus up to S$15,000 Productivity and innovation credit bonus Corporate • Each year, 30% of corporate income tax refunded, subject to a cap of S$30,000 per company income tax rebate · Enhanced productivity Helping SMES upgrade productivity, innovation, and innovation credit scheme Collaborative industry and projects • Technology adoption саpability program • Land productivity grant SME talent program • Workforce and training support • Market readiness assistance grant • Enhanced partnerships for capability transformation Support to enhance companies' access to financing • Increase in central provident fund and lower contribution rates for low- Helping SMES tap opportunities for growth and others wage workers • Lower tax on household benefits • Road tax rebate SMES = small and medium-sized enterprises. Source: Standards, Productivity, and Innovation Board of Singapore.
Singapore : Selected Budget 2013 measures for SMEs
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