Singapore Budget 2016 – A Summary For Companies & Businesses
PIC Cash Payout reduced to 40% (from 60%) for all purchases made after 1 August 2016 This was good while it lasted. But a 40% discount on IT related purchases is still generous! Corporate Income Tax (CIT) rebate increased to 50% (from 30%) If you have a tax payable of $1,000, pay only $500! Business […]
Get Up To $40K Work-Life Grant
The Ministry of Manpower (MOM) has a Work-Life Grant that comes in two parts: 1. Developmental Grant 2. Flexible Work Arrangement (FWA) Incentive So if you’re thinking of making arrangements for your staff to work from home or have flexible working hours so that they can spend more time with their families, help is at […]