As Singapore prepares for recovery, businesses should continue to make use of this downtime to digitalize, restructure, and transform.

Work-Life Grant (WLG) for flexible work arrangements

Given the COVID-19 situation and MOM’s intent to encourage companies to offer work-from-home and staggered hours arrangements beyond periods where it is mandatory to do so, an enhanced WLG criteria is available for companies to apply for expedited support.

— Up to S$70,000 per company over 2 years
— S$2,000 per local employee per year, who is a regular user of FWAs

Note:
– Applications for the enhanced criteria will be opened from 20 Apr 2020.
– Companies can only claim for regular employees on permanent or a minimum employment contract term of 12 months. You cannot claim for casual or temporary employees.
– These enhanced criteria are only valid during periods where companies are not mandated to offer work-from-home and staggered-hours arrangements (e.g. after period of circuit breaker measures).
– The employee (Singapore citizen or PR) adopts work-from-home arrangements daily for at least one month. If work-from-home cannot be practiced, staggered hours work arrangements would be eligible.

Application is free.
You must apply directly to SNEF, NTUC’s e2i or SMF.

E-Commerce Booster Package

To support SME retailers, who have little or no e-commerce experience, to start their business transformation by selling online.

Domestic Market
— 4 e-commerce platforms providers – Amazon, Lazada Singapore, Qoo10 and Shopee. Each retailer can apply with only one e-commerce platform partner, with whom it has no existing account.
— Retailers will receive a one-time 90% support on qualifying costs for the fees charged, capped at S$9,000. Retailers will only have to pay the remaining 10% of qualifying costs.
— Qualifying costs refers to content development services, product listing, channel management, fulfilment, e-commerce capability trainings, advertising and promotion.
— These platform providers will –
o Work with retailers to curate and list products for up to six months
o Participate in promotion campaigns
o Fulfil orders
o Perform basic data analytics of sales.

Overseas Market
— Retailers can work with another 4 curated solution providers, who will help them list and sell their products on multiple overseas e-marketplaces.
— The one-time support of 70% on qualifying costs is enhanced to 90% till 30 September 2020.

Quals is partnering with one of the MEP (Multichannel E-Commerce Platform) solution providers. Welcome to contact with us if you want to know more about the program.

Additionally
— 90% of the qualifying manpower cost for three manpower for three months who can help the company identify new sources of demand, or streamline processes during the initial months to ensure smooth operations and sustain online efforts for the long-term.

Enhanced Enterprise Development Grant (EDG)

This grant supports projects that help you upgrade your business, innovate or venture overseas.

— Qualifying project costs including third-party consultancy fees, software and equipment, and internal manpower cost.
— Maximum support level will be raised from 70% to 80% from 1 April 2020 to 31 December 2020.
— For enterprises that are most severely impacted by COVID-19, the maximum support level may be raised to 90% on a case-by-case basis.

Under three pillars:
—   Core Capabilities – Help businesses prepare for growth and transformation by strengthening their business foundations. These should go beyond basic functions such as sales and accounting.
— Innovation and Productivity – Support companies that explore new areas of growth, or look for ways to enhance efficiency. These could include reviewing and redesigning workflow and processes. Companies could also tap into automation and technologies to make routine tasks more efficient.
— Market Access – Support Singapore companies that are willing and ready to venture overseas. You may tap into the EDG to help defray some of the costs of expanding into overseas markets.

Enhanced Productivity Solutions Grant (PSG)

Greater support for more sector-specific solutions and a wider range of pre-scoped solutions for businesses beyond IT solutions and equipment. Expanded scope to include job redesign consultancy services.

— Maximum support level will be raised from 70% to 80% from 1 April 2020 to 31 December 2020.

The scope of Generic solutions will also be expanded to help enterprises implement COVID-19 business continuity measures:
· Online collaboration tools
· Virtual meeting and telephony tools
· Queue management systems
· Temperature screening solutions

Market Readiness Assistance (MRA) Grant

Small and medium enterprises (SMEs) will receive an international boost with the Market Readiness Assistance (MRA) grant to help take your business overseas.

— Up to 70% of eligible costs, capped at S$100,000 per company per new market (Refers to a target overseas country whereby the applicant company has not exceeded S$100,000 in overseas sales in each of the last three preceding years) from 1 April 2020 to 31 March 2023 that covers:
o Overseas market promotion (capped at S$20,000)
o Overseas business development (capped at S$50,000)
o Overseas market setup (capped at S$30,000)

Note:
Each application is limited to one activity in a single overseas market (e.g. market entry, or participation in a trade fair) and has been extended until 31 Mar 2023.

Overseas Marketing Presence (OMP)

To help your company expand into new markets by setting up an overseas presence to begin marketing and/ or business development activities.

— A grant cap of S$100,000 per project
— Maximum support duration of 12 months per project
— SMEs up to 80%; non-SMEs up to 60% of qualified costs from 1 April 2020 to 31 December 2020.


Note:

– Use the grant for marketing and/ or business development.
– Meet the New Market Criteria (NMC), which is defined as a new city where the company has not had sales in excess of S$100,000 in any one year for the past three years.
– Post at least one Singaporean or Permanent Resident to be based in the market to conduct marketing and/ or business development work.
– Eligible expenses:
Salary of maximum two business development staff stationed at the market (of which, one has to be a Singaporean or Permanent Resident).
Rental expenses of the specified location.

Global Ready Talent Program

Aims to build a pipeline of global-ready talent for Singapore enterprises through exposing more Singaporeans to internships and overseas work opportunities, effective from Q2 2020.

— Up to 70% funding support on qualifying costs.
— For overseas internships, the fixed monthly subsistence allowance will be increased from S$600 to S$800.
— Additional funding support of up to S$800 will be provided to students on internships to cover pre-trip administrative travel expenses.

Under two key components:
· Local and Overseas Internships – Support for Singapore enterprises that are keen to build their talent pipeline to support business expansion plans. Overseas internships will focus on opportunities in Southeast Asia, China and India.
· Management Associate Program – Support for Singapore enterprises keen to train and invest in overseas work exposure for young Singaporeans to deepen in-market knowledge. The program will focus on overseas work placements in Southeast Asia, China and India.

Check below to find out how the Supplementary Budget can help keep your business afloat during these unprecedented times.

Enhanced Jobs Support Scheme (JSS)

Wage support for the month of Apr 2020 will be topped-up to 75% for all sectors to support firms during the ‘circuit breaker’ period. Wage support for other months will remain unchanged.

The top-up will first be computed based on wages paid in Oct 2019. The second and third payouts will subsequently be adjusted to account for the difference between Apr 2020 and Oct 2019 wages.

All employers who have made CPF contributions for their local employees (Singapore Citizens and Permanent Residents) will qualify for the payout. Wages paid to business owners (Employees who are both shareholders and directors) or employers trading in their own personal capacity will not be eligible for the JSS payout.

Employers do not need to apply for the JSS. IRAS will notify eligible employers by post of the tier of support and the amount of JSS payout payable to them.

For more details please check “Read More (阅读原文)”

Foreign Worker Levy (FWL)

– Waiver of monthly Foreign Worker Levy due in April 2020
– Foreign Worker Levy Rebate of S$750 in April 2020 from levies paid this year, for each Work Permit or S Pass holder

Extended Rental Waivers

– Laws to ensure property owners pass on Property Tax rebate to tenants.
– 1-month rental waiver for industrial, office and agricultural tenants of government agencies, up from 0.5 month’s rental waiver previously announced.

Enhanced Financing Support

Government’s risk share of loans will be increased from 80% to 90% for loans initiated from 8 Apr 2020 till 31 Mar 2021.

— Temporary Bridging Loan Program –
o Expanded to cover SG SMEs and Non-SMEs from all sectors.
o Maximum supported loan of $5 million (up from $1 million) per borrower group, with interest rate capped at 5% per annum.
o Borrowers may request for a 1-year deferral of principal repayment, subject to the banks’ assessment.

 Working Capital Loan 
o Maximum loan quantum of $1 million (up from $600,000)
o Open to SG SMEs from all sectors
o Borrowers may request for a 1-year deferral of principal repayment, subject to the banks’ assessment.

— Trade Loan –
o Maximum loan quantum of $10 million (up from $5 million) per borrower group
o Open to SG enterprises from all sectors with less than S$500M annual revenue

Self Employed Persons Income Relief Scheme (SIRS)

Eligible SEPs will received 3 quarterly cash payouts of S$3,000 each in May, July, and October 2020.

To qualify for SIRS –
– Started work as an SEP on or before 25 March 2020;
– Do not also earn income as an employee;
– Earn a Net Trade Income of no more than $100,000;
– Do not own two or more properties.
– Automatic inclusion for SEPs who also earn a small income from employment work;
– Enhanced Annual Value of property criterion of S$21,000, up from S$13,000 previously.

For married Singaporean SEPs, the following additional criteria apply:
– The individual and spouse together do not own two or more properties; and
– The Assessable Income of his/her spouse does not exceed $70,000.

Additional Cash Support

The Government’s efforts to support households, with direct cash in hand during the COVID-19 outbreak, includes providing all adult Singaporeans each with a $600 Solidarity Payment.

If you do not receive your payout in your bank account by 14 April, please provide your bank account details via this secure Gov.sg form – https://go.gov.sg/spsc no later than 23 April 2020. SingPass access is required. You will then receive the Solidarity Payment directly in their bank accounts on 28 April 2020.

If you have family members who are Singapore Permanent Residents (SPRs) and/or Long-Term Visit Pass-Plus (LTVP+) holders living in Singapore, the Government will also provide a one-off Solidarity Payment of $300 to:
1. SPRs aged 21 and above in 2020 who have Singaporean parent(s), spouse or children; and
2. LTVP+ holders aged 21 and above in 2020.

Other highlights:

· Government decided that the GST rate increase will not take effect in 2021 but it would be raised from 7% to 9% sometime between 2022 to 2025.

· 25% Corporate Income Tax Rebate for the year 2020, up to $15,000 per company

· Enhanced Wage Credit Scheme (WCS) – Currently, this scheme co-funds wage increases for Singaporeans earning up to $4,000 monthly. This will be enhanced to include workers earning up to $5,000 instead.

· Enhanced Property Tax Rebate
1. No Property Tax for 2020 for qualifying commercial properties (up from 15% – 30% Property Tax Rebate)
2. 30% Property Tax Rebate for 2020 for businesses in other non-residential properties affected