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Covid-19 Support & Resources: Improving Cashflow

  1. SGUnited Traineeships

    The programme allows those who just graduated or are graduating in 2020 from ITE, polytechnics, universities and other educational institutions to be equipped with relevant work experience and boost their employability, even during weaker hiring climate.

  2. Deferment Of Income Tax Payments For Companies And Self-Employed Persons

    To ease cash flow of companies and self-employed persons, the Government will grant an automatic three-month deferment of their income tax payments. No application is required. 

  3. Wage Credit Scheme

    The government co-funding ratios for wage increases in 2019 and 2020 will be raised to 20% and 15% respectively. The qualifying gross wage ceiling will also be raised to $5,000 for both years. Qualifying employers benefitting from the enhancements for the 2019 wage increases will be notified by end Jun 2020, and will receive a supplementary payout thereafter.

  4. Jobs Support Scheme (JSS)

    Government will pay 75% of the first $4,600 of monthly wages paid in Apr 2020, for every local worker in employment

    Wage support levels will be differentiated by sector for remaining qualifying months^

    Higher support for sectors more affected by COVID-19, of up to 75%

    Firms will receive the first payout in Apr 2020, including the enhanced payout for Apr wages

  5. No increases in Government fees and charges for 1 year

    Freezing of all government fees and charges for one year, from 1 April 2020 to 31 March 2021. This will apply to all fees for government services.

  6. Assistance with Insurance Premium Payment

    You may apply to your insurer to pay in instalments your company’s general insurance premiums (e.g. property, trade credit, vehicles)

  7. Temporary Bridging Loan Programme

    Eligible enterprises may borrow up to $5 million under the TBLP, with the interest rate capped at 5% p.a., from Participating Financial Institutions (PFIs). The Government will provide 90% risk-share on these loans for new applications initiated from 8 April until 31 March 2021.

    Eligible enterprises under the TBLP may also apply for up to 1 year deferral of principal repayment to help manage their debt, subject to assessment by the PFIs.

  8. Foreign Worker Levy Rebate of $750 in Apr 2020

    To help firms cut costs and improve their cashflow, employers will receive a one-off FWL rebate of $750 for each work permit or S Pass holder, for levies paid in 2020. This is to enable employers to preserve their manpower in order to quickly resume operation.
  9. Waiver of monthly Foreign Worker Levy due in Apr 2020

    To help firms cut costs and improve their cashflow. a waiver of the March 2020 Foreign Worker Levy (FWL) due in April