Covid-19 – Summary of Measures Singapore

Covid-19 – Summary of Measures Switzerland

June 12, 2020

Covid-19 – Summary of Measures Turkey

June 12, 2020

Covid-19 - Summary of Measures

SINGAPORE

IF YOU ARE AN EMPLOYEE

Are you looking for employee related support or training to deepen your skills?

Career Support	Training Grants
(A) ISCA'S CAREER SUPPORT PAGE ISCA is dedicated to supporting your career and empowering you to achieve your aspirations. (B) ISCA'S CAREER PORTAL Whether you are looking for a fresh start or new employment opportunities, the career portal is the place to go. The portal, a joint partnership between ISCA and WSG, is a job site targeted at the Accountancy community featuring job openings that are specific to the needs of finance and accounting professionals. (C) ISCA-WSG’s ACCOUNTANCY VIRTUAL CAREER FAIR (VCF) In collaboration with WSG, the inaugural Accountancy VCF will be held over 2 weeks from 18 to 31 May to match employers and job seekers in these roles: Professional Services in Accounting Firms (Advisory, Audit, Tax, etc) Finance and Other Related Functions in Corporations (Accounting, FP&A, M&A, Treasury, etc) Technology & Others (Data Analytics, Digital Transformation, RPA, etc)	(A) SKILLSFUTURE SINGAPORE (SSG) TRAINING GRANT Eligibility Criteria Singapore Citizens (SC) and Permanent Residents (PR) aged 21 years old and above Assistance Receive subsidies of up to 80% of course fees for SSGsupported courses (B) MID-CAREER ENHANCED SUBSIDY (MCES) Eligibility Criteria SC aged 40 years old and above Assistance Receive higher subsidies of up to 90% of course fees for SSG-supported courses (C) UNION TRAINING ASSISTANCE PROGRAMME (UTAP) Eligibility Criteria NTUC union members who have attended trainings supported under UTAP Assistance 50% of unfunded course fee capped at $250 per year upon course completion (D) ULEAP (Learning Enabled through Active Participation) A free mobile learning app for all working professionals to access bite-size learnings on the go. Eligibility Criteria For all adult learners Assistance Access bite-size learning relevant contents across various industries including accounting and finance Interact and learn from various content contributors Network and connect with industry practitioners
Career Switch
(A) PROFESSIONAL CONVERSION PROGRAMMES (PCP) PCPs are career conversion programmes targeted at Professionals, Managers, Executives and Technicians (PMETs), including mid-career switchers, to undergo skills conversion and move into new occupations or sectors that have good prospects and opportunities for progression. Eligibility Criteria All SC and PR who are looking into branching out of your current accounting -related job role into a different occupation within the sector such as financial forensic professional, internal auditor or management accountant You should not have the relevant experience prior to being hired under the conversion programme • • Assistance Job placement into a hiring company to undergo structured onthe-job training programme to acquire the necessary skills for the new job While on a PCP, you will be deemed as a full time employee of the hiring company
ISCA’S Support for members
(A)ISCA membership renewal Members who are facing financial hardship due to medical condition or unemployment can write to ISCA to seek waiver of membership fee. The Institute may also grant special waivers for members under exceptional circumstances on a discretionary basis. Please write in to membership@isca.org.sg Members who have not been able to fulfil CPE requirements due to unemployment, medical condition or pro-family reasons may request for CPE exemption (i.e. waiver or reduction in CPE hours). To make a request, please login to ISCA eServices Portal.	(B) ISCA CPD - FINANCIAL DEFERMENT SCHEME Members who are facing financial hardship such as unemployment and require further financial assistance, please contact us at cpe@isca.org.sg. We will do our best to support members who would like to continue with your professional development and upskilling journey, which will help to put you in a stronger position once we get out of this challenging situation.

IF YOU ARE A BUSINESS OWNER AND/OR DECISION MAKER FOR YOUR COMPANY

If your organisation is facing cash flow problems

Schemes / Measures that may help to ease your cash flow
(A) SELF EMPLOYED PERSON (SEP) INCOME RELIEF SCHEME Direct cash support Eligibility criteria All Singaporean SEPs who meet the following criteria: - Started work as a SEP on or before 25 March 2020 - Do not earn / earn small income as an employee - Earn net trade income of no more than $100,000 - Live in property with annual value of no more than $21,000 - Do not own 2 or more properties For married SEPs: - Individual and spouse together do not own 2 or more properties - Assessable income of his/her spouse does not exceed $70,000 Assistance Receive $9,000 over 9 months Application not required for SEPs aged 37 and over in 2020 who declared positive SEP income to IRAS or CPF Board for 2018 NTUC Training Fund (SEPs) Under the NTUC Training Fund (SEPs), SEPs will get paid an allowance of up to $8.50/hour when they attend courses under the SkillsFuture Series, as well as selected sector-specific training programmes.	(B) JOBS SUPPORT SCHEME Wage support Eligibility Criteria All employers who have made CPF contributions for their SC and PR employees will qualify (some employer exclusion) Shareholder-directors with assessable income of $100,000 or less for YA 2019 are also eligible Assistance Government co-fund first $4,600 of gross monthly wages paid to each local employee for 9 months (different tiers of support for different sectors) For the months of April and May 2020, support will be topped up to 75% for all sectors Application not required (IRAS will notify eligible employers)	(C) WAGE CREDIT SCHEME Wage increases support Eligibility Criteria All employers who give wage increases to SC employees will qualify (subject to certain conditions) (some employer exclusion) Assistance Government co-funding ratios for wage increases in 2019 and 2020 raised from current 15% and 10%, to 20% and 15% respectively. Qualifying gross wage ceiling raised to $5,000 for both years, up from the current $4,000 Application not required (IRAS will notify eligible employers)
(D) COVID-19 (TEMPORARY MEASURES) BILL Eligibility Criteria Covers obligations to be performed on or after 1 February 2020 which are affected by reason of COVID-19 for contracts entered into before 25 March 2020 Covers specific contracts such as commercial & industrial property leases, construction & supply contracts, event & tourism related contracts and certain secured loan facilities Assistance Provide cash-flow relief to businesses and individuals in specific types of contracts who are unable to fufil contractual obligations because of COVID19, by suspending certain actions to enforce those obligations for 6 months Bill expected to be in effect mid-April. Notification for relief to be issued to the other party of the contract	(E) CORPORATE INCOME TAX (CIT) REBATE Eligibility Criteria All companies Assistance CIT rebate of 25% of tax payable, capped at $15,000 for YA2020 Automatic extension of interest-free instalments of 2 months for payment of CIT on ECI filed within 3 months from financial year end Allow unabsorbed capital allowances and trade losses for YA2020 to be carried back up to 3 immediate preceding YAs, instead of 1 preceding YA Provide option to accelerate write-off of cost of acquiring plant and machinery Provide option to accelerate the deduction of expenses incurred on renovation and refurbishment	(F) DEFERMENT OF INCOME TAX PAYMENTS Eligibility Criteria All companies and SEPs Assistance Automatically defer income tax payments for 3 months - For companies - payments due in April, May and June collected from July 2020 - For SEPs - payments due in May, June, July collected from August 2020
(G) PROPERTY TAX REBATE Eligibility Criteria Qualifying non-residential properties Assistance 100% rebate for qualifying commercial properties 60% rebate for the Integrated Resorts 30% rebate for other non-residential Properties	(H) RENTAL WAIVERS Eligibility Criteria Eligible commercial and social sector tenants in government properties Tenancies do not exceed 3 years Do not pay property tax Assistance Up to 2 months rental waiver for commercial and other non-residential tenants in government properties Commercial tenants with cash flow concerns may apply to SLA for assistance including flexible rental payments such as instalment plans.

Schemes / Measures that may help to ease your cash flow

(A) SELF EMPLOYED PERSON (SEP) INCOME RELIEF SCHEME
Direct cash support

Eligibility criteria

All Singaporean SEPs who meet the following criteria:
- - Started work as a SEP on or before 25 March 2020
- - Do not earn / earn small income as an employee
- - Earn net trade income of no more than $100,000
- - Live in property with annual value of no more than $21,000
- - Do not own 2 or more properties
For married SEPs:
- - Individual and spouse together do not own 2 or more properties
- - Assessable income of his/her spouse does not exceed $70,000

Assistance

Receive $9,000 over 9 months

Application not required for SEPs aged 37 and over in 2020 who declared positive SEP income to IRAS or CPF Board for 2018

NTUC Training Fund (SEPs)
Under the NTUC Training Fund (SEPs), SEPs will get paid an allowance of up to $8.50/hour when they attend courses under the SkillsFuture Series, as well as selected sector-specific training programmes.

(B) JOBS SUPPORT SCHEME
Wage support

Eligibility Criteria

All employers who have made CPF contributions for their SC and PR employees will qualify (some employer exclusion)
Shareholder-directors with assessable income of $100,000 or less for YA 2019 are also eligible

Assistance

Government co-fund first $4,600 of gross monthly wages paid to each local employee for 9 months (different tiers of support for different sectors)
For the months of April and May 2020, support will be topped up to 75% for all sectors

Application not required (IRAS will notify eligible employers)

(C) WAGE CREDIT SCHEME
Wage increases support

Eligibility Criteria
All employers who give wage increases to SC employees will qualify (subject to certain conditions) (some employer exclusion)

Assistance

Government co-funding ratios for wage increases in 2019 and 2020 raised from current 15% and 10%, to 20% and 15% respectively.
Qualifying gross wage ceiling raised to $5,000 for both years, up from the current $4,000

Application not required (IRAS will notify eligible employers)

(D) COVID-19 (TEMPORARY MEASURES) BILL

Eligibility Criteria

Covers obligations to be performed on or after 1 February 2020 which are affected by reason of COVID-19 for contracts entered into before 25 March 2020
Covers specific contracts such as commercial & industrial property leases, construction & supply contracts, event & tourism related contracts and certain secured loan facilities

Assistance

Provide cash-flow relief to businesses and individuals in specific types of contracts who are unable to fufil contractual obligations because of COVID19, by suspending certain actions to enforce those obligations for 6 months Bill expected to be in effect mid-April. Notification for relief to be issued to the other party of the contract

(E) CORPORATE INCOME TAX (CIT) REBATE

Eligibility Criteria
All companies

Assistance

CIT rebate of 25% of tax payable, capped at $15,000 for YA2020
Automatic extension of interest-free instalments of 2 months for payment of CIT on ECI filed within 3 months from financial year end
Allow unabsorbed capital allowances and trade losses for YA2020 to be carried back up to 3 immediate preceding YAs, instead of 1 preceding YA
Provide option to accelerate write-off of cost of acquiring plant and machinery
Provide option to accelerate the deduction of expenses incurred on renovation and refurbishment

(F) DEFERMENT OF INCOME TAX PAYMENTS

Eligibility Criteria
All companies and SEPs

Assistance

Automatically defer income tax payments for 3 months
- - For companies - payments due in April, May and June collected from July 2020
- - For SEPs - payments due in May, June, July collected from August 2020

(G) PROPERTY TAX REBATE

Eligibility Criteria Qualifying non-residential properties Assistance

100% rebate for qualifying commercial properties
60% rebate for the Integrated Resorts
30% rebate for other non-residential Properties

(H) RENTAL WAIVERS

Eligibility Criteria

Eligible commercial and social sector tenants in government properties
Tenancies do not exceed 3 years
Do not pay property tax

Assistance
Up to 2 months rental waiver for commercial and other non-residential tenants in government properties Commercial tenants with cash flow concerns may apply to SLA for assistance including flexible rental payments such as instalment plans.

If the above measures are not sufficient, consider the following financing schemes
(A) ENTERPRISE FINANCING SCHEME - Trade Loan Enhanced help for trade financing Needs Eligibility Criteria Registered and operating in Singapore Minimum of 30% local shareholding Maximum Borrower Group revenue cap of $500million for all enterprises Assistance Maximum loan quantum increase from $5million to $10million Risk-share from Government increase from 50-70% to 90% for new applications initiated from 8 April 2020 until 31 March 2021	(B) ENTERPRISE FINANCING SCHEME - SME Working Capital Loan Enhanced help for SMEs' working capital Needs Eligibility Criteria Business entity registered and physically present in Singapore Minimum of 30% local shareholding Maximum Borrower Group revenue cap of $500million for all enterprises Group revenue of up to $100million or maximum employment of 200 employees Assistance Maximum loan quantum increase from $0.3million to $1million Risk-share from Government increase from 50-70% to 90% for new applications initiated from 8 April 2020 until 31 March 2021 May request for deferment of principal repayment for 1 year, subject to assessment by participating financial institutions	(C) MAS AND FINANCIAL INDUSTRY SUPPORT SCHEMESupport SMEs with access to bank credit and insurance cover Eligibility Criteria SMEs that continue to pay interest and are in good standing with their banks and finance companies (for deferment of loan payments) Assistance May opt to defer principal payments on secured term loan Assistance with insurance premium payment
(D) TEMPORARY BRIDGING LOAN PROGRAMME Provide access to working capital for business needs Eligibility Criteria Business entity registered and physically present in Singapore Minimum of 30% local shareholding Cover all sectors Assistance Maximum support loan of $5million, with interest rate capped at 5% p.a Government provides 90% risk-share on loans initiated from 8 April 2020 until 31 March 2021 May request for deferment of principal repayment for 1 year, subject to assessment by participating financial institutions	(E) LOAN INSURANCE SCHEME Secure short-term trade financing loans Eligibility Criteria Business entity registered and physically present in Singapore Minimum of 30% local shareholding Group revenue of up to $100million or maximum employment of 200 employees Assistance Subsidy for loan insurance premium increase to 80%

If the above measures are not sufficient, consider the following financing schemes

(A) ENTERPRISE FINANCING SCHEME -
Trade Loan
Enhanced help for trade financing Needs

Eligibility Criteria

Registered and operating in Singapore
Minimum of 30% local shareholding
Maximum Borrower Group revenue cap of $500million for all enterprises

Assistance

Maximum loan quantum increase from $5million to $10million
Risk-share from Government increase from 50-70% to 90% for new applications initiated from 8 April 2020 until 31 March 2021

(B) ENTERPRISE FINANCING SCHEME -
SME Working Capital Loan
Enhanced help for SMEs' working capital Needs

Eligibility Criteria

Business entity registered and physically present in Singapore
Minimum of 30% local shareholding
Maximum Borrower Group revenue cap of $500million for all enterprises
Group revenue of up to $100million or maximum employment of 200 employees

Assistance

Maximum loan quantum increase from $0.3million to $1million
Risk-share from Government increase from 50-70% to 90% for new applications initiated from 8 April 2020 until 31 March 2021
May request for deferment of principal repayment for 1 year, subject to assessment by participating financial institutions

(C) MAS AND FINANCIAL INDUSTRY SUPPORT SCHEMESupport SMEs with access to bank credit and insurance cover

Eligibility Criteria
SMEs that continue to pay interest and are in good standing with their banks and finance companies (for deferment of loan payments)

Assistance

May opt to defer principal payments on secured term loan
Assistance with insurance premium payment

(D) TEMPORARY BRIDGING LOAN PROGRAMME
Provide access to working capital for business needs

Eligibility Criteria

Business entity registered and physically present in Singapore
Minimum of 30% local shareholding
Cover all sectors

Assistance

Maximum support loan of $5million, with interest rate capped at 5% p.a
Government provides 90% risk-share on loans initiated from 8 April 2020 until 31 March 2021
May request for deferment of principal repayment for 1 year, subject to assessment by participating financial institutions

(E) LOAN INSURANCE SCHEME
Secure short-term trade financing loans

Eligibility Criteria

Business entity registered and physically present in Singapore
Minimum of 30% local shareholding
Group revenue of up to $100million or maximum employment of 200 employees

Assistance

Subsidy for loan insurance premium increase to 80%

If your organisation is facing problems with excess staff

Consider the following schemes that will help to keep your employees
(A) WORK-LIFE GRANT Grants to implement flexible work Arrangements Eligibility Criteria Employers who implement flexible work arrangements for local employees (regular employees on permanent or a minimum employment contract term of 12 months) Assistance Receive lump-sum grant to implement flexible work arrangements or job sharing for local employees Sector specific resources developed to facilitate implementation of flexiwork arrangements	(B) TEMPORARY SCHEMES TO MANAGE MANPOWER Flexibility to manage manpower needs Companies with excess manpower can transfer their work permit holders to other companies quickly and companies facing shortage can tap on bigger pool of experienced work permit holders Assistance Allow inter-sectoral transfer of foreign workers for all sectors Allow transfer of foreign workers whose work permits are nearing expiry for all sectors
(C) TRAINING EMPLOYEES TO UPGRADE SKILLS AND EMPLOYABILITY Consider SSG training grants for employers to upskill and/or reskill your employees Companies can tap on training support schemes under the SkillsFuture movement, redeployment programmes under the Adapt and Grow initiative and other government grants. Eligibility Criteria All companies registered or incorporated in Singapore Trainee on the approved course is a SC or PR Trainee must be employed by the applicant company For all other detailed eligibility criteria, please refer to: Assistance Enhanced Training Support for SMEs - SMEs receive up to 90% of the course fees when they sponsor their employees to attend courses supported by SSG - Enhanced Absentee Payroll (AP) Funding: SMEs may claim AP funding of 80% of basic hourly salary at a higher cap of $7.50 per hour Non-SMEs - Non-SMEs receive up to 70% (or up to 90% for mid-career workers) of the course fees when they sponsor their employees to attend courses supported by SSG - Absentee Payroll Funding: Non-SMEs may claim AP funding of 80% of basic hourly salary at a cap of $4.50 per hour	(D) ALTERNATIVES TO RETRENCHMENT Consider alternatives to keep business viable and support employees Redeploy employees to alternative areas of work within the company Implement flexible work schedule, flexible work arrangements, shorter work-week, or temporary layoff Adjust wages in line with tripartite norms Implement no-pay leave If you are in the worst-case scenario and looking for guidance to responsible retrenchment WORST-CASE SCENARIO: RESPONSIBLE RETRENCHNMENT For guidance to responsible retrenchment https://www.mom.gov.sg/employm entpractices/retrenchment/responsible -retrenchment If your organisation is thinking of digital transformation for now and future

Consider the following schemes that will help to keep your employees

(A) WORK-LIFE GRANT
Grants to implement flexible work Arrangements

Eligibility Criteria
Employers who implement flexible work arrangements for local employees (regular employees on permanent or a minimum employment contract term of 12 months)

Assistance

Receive lump-sum grant to implement flexible work arrangements or job sharing for local employees
Sector specific resources developed to facilitate implementation of flexiwork arrangements

(B) TEMPORARY SCHEMES TO MANAGE MANPOWER
Flexibility to manage manpower needs

Companies with excess manpower can transfer their work permit holders to other companies quickly and companies facing shortage can tap on bigger pool of experienced work permit holders

Assistance

Allow inter-sectoral transfer of foreign workers for all sectors
Allow transfer of foreign workers whose work permits are nearing expiry for all sectors

(C) TRAINING EMPLOYEES TO UPGRADE SKILLS AND EMPLOYABILITY
Consider SSG training grants for employers to upskill and/or reskill your employees

Companies can tap on training support schemes under the SkillsFuture movement, redeployment programmes under the Adapt and Grow initiative and other government grants.

Eligibility Criteria

All companies registered or incorporated in Singapore
Trainee on the approved course is a SC or PR
Trainee must be employed by the applicant company
For all other detailed eligibility criteria, please refer to:

Assistance

Enhanced Training Support for SMEs
- - SMEs receive up to 90% of the course fees when they sponsor their employees to attend courses supported by SSG
- - Enhanced Absentee Payroll (AP) Funding: SMEs may claim AP funding of 80% of basic hourly salary at a higher cap of $7.50 per hour
Non-SMEs
- - Non-SMEs receive up to 70% (or up to 90% for mid-career workers) of the course fees when they sponsor their employees to attend courses supported by SSG
- - Absentee Payroll Funding: Non-SMEs may claim AP funding of 80% of basic hourly salary at a cap of $4.50 per hour

(D) ALTERNATIVES TO RETRENCHMENT
Consider alternatives to keep business viable and support employees

Redeploy employees to alternative areas of work within the company
Implement flexible work schedule, flexible work arrangements, shorter work-week, or temporary layoff
Adjust wages in line with tripartite norms
Implement no-pay leave

If you are in the worst-case scenario and looking for guidance to responsible retrenchment

WORST-CASE SCENARIO: RESPONSIBLE RETRENCHNMENT
For guidance to responsible retrenchment
https://www.mom.gov.sg/employm entpractices/retrenchment/responsible -retrenchment

If your organisation is thinking of digital transformation for now and future

SME Good to have external consultant’s help to go digital	SMP Good to have external consultant’s help to go digital	Do not need external consultant’s help to go digital
(A) VISIT SME CENTRE Eligibility Criteria All SMEs Assistance Free one-to-one business diagnosis and advisory services in areas like productivity,finance, human resources and overseas expansion Includes advisory on digitalisation with the SMEs Go Digital programme - identifying suitable digital solutions and training based on sector-specific Industry Digital Plans (IDPs) Capability workshops Group-based upgrading projects for businesses in the same trade and vicinity	(A) VISIT ISCA SMP CENTRE The Small and Medium-sized Practices (SMP) Centre is a dedicated, one-stop virtual platform of information, tools and services to help SMPs build productive and competitive businesses. For advisory on digitalisation of your firm or other SMP related enquiries, please complete the consultation form.	(A) STAY HEALTHY, GO DIGITAL: DIGITAL SOLUTIONS DIRECTORY Jointly curated by IMDA and SGTech, the Directory lists solutions that SMEs need for business continuity amid COVID-19, across several key categories: Remote Working Visitor Management Bill and Pay Online Sell Online Others Some of these solutions are free, some are supported by PSG, some come with limited time offers by the solution providers. The "Stay Healthy, Go Digital" landing page also has other relevant resources for SMEs: training resources, explanation of other government assistance, e.g. E-invoicing Registration Grant.
(B) VISIT SME DIGITAL TECH HUB Eligibility Criteria All SMEs Assistance Provides specialised digital technology advisory to SMEs with more advanced digital needs, such as data analytics and cybersecurity SMEs can visit any of the SME Centres to get started. Advisors at the SME Centres will provide basic advice on IMDAapproved solutions and refer them to the SME Digital Tech Hub for assistance on more advanced needs.		(B) PRODUCTIVITY SOLUTIONS GRANT (PSG) Eligibility Criteria Registered and operating in Singapore Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore (Selected solutions only) An SME with minimum 30% local shareholding; AND Company's Group annual sales turnover less than $100 million, OR less than 200 employees Assistance Maximum of 80% grant for pre-approved solutions under the SMEs Go Digital programme (80% support is valid till 31 Dec 2020, 70% thereafter) Refer to sector-specific IDPs for a step-by-step guide on the sector-specific digital solutions and training that meet your needs Select PSG-supported solutions based on the needs identified in the IDPs
		(C) ENTERPRISE DEVELOPMENT GRANT (EDG) Eligibility Criteria Registered and operating in Singapore Minimum of 30% local shareholding Be in a financially viable position to start and complete the project Assistance Maximum of 80% grant on qualifying project costs namely third party consultancy fees, software and equipment, and internal manpower cost 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

SME Good to have external consultant’s help to go digital

SMP Good to have external consultant’s help to go digital

Do not need external consultant’s help to go digital

(A) VISIT SME CENTRE

Eligibility Criteria
All SMEs

Assistance

Free one-to-one business diagnosis and advisory services in areas like productivity,finance, human resources and overseas expansion
Includes advisory on digitalisation with the SMEs Go Digital programme - identifying suitable digital solutions and training based on sector-specific Industry Digital Plans (IDPs)
Capability workshops
Group-based upgrading projects for businesses in the same trade and vicinity

(A) VISIT ISCA SMP CENTRE

The Small and Medium-sized Practices (SMP) Centre is a dedicated, one-stop virtual platform of information, tools and services to help SMPs build productive and competitive businesses.

For advisory on digitalisation of your firm or other SMP related enquiries, please complete the consultation form.

(A) STAY HEALTHY, GO DIGITAL:
DIGITAL SOLUTIONS DIRECTORY

Jointly curated by IMDA and SGTech, the Directory lists solutions that SMEs need for business continuity amid COVID-19, across several key categories:

Remote Working
Visitor Management
Bill and Pay Online
Sell Online
Others

Some of these solutions are free, some are supported by PSG, some come with limited time offers by the solution providers.

The "Stay Healthy, Go Digital" landing page also has other relevant resources for SMEs: training resources, explanation of other government assistance, e.g. E-invoicing Registration Grant.

(B) VISIT SME DIGITAL TECH HUB

Eligibility Criteria
All SMEs

Assistance

Provides specialised digital technology advisory to SMEs with more advanced digital needs, such as data analytics and cybersecurity
SMEs can visit any of the SME Centres to get started. Advisors at the SME Centres will provide basic advice on IMDAapproved solutions and refer them to the SME Digital Tech Hub for assistance on more advanced needs.

(B) PRODUCTIVITY SOLUTIONS GRANT (PSG)

Eligibility Criteria

Registered and operating in Singapore
Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore
(Selected solutions only) An SME with minimum 30% local shareholding; AND Company's Group annual sales turnover less than $100 million, OR less than 200 employees

Assistance
Maximum of 80% grant for pre-approved solutions under the SMEs Go Digital programme (80% support is valid till 31 Dec 2020, 70% thereafter)

Refer to sector-specific IDPs for a step-by-step guide on the sector-specific digital solutions and training that meet your needs Select PSG-supported solutions based on the needs identified in the IDPs

(C) ENTERPRISE DEVELOPMENT GRANT (EDG)

Eligibility Criteria

Registered and operating in Singapore
Minimum of 30% local shareholding
Be in a financially viable position to start and complete the project

Assistance

Maximum of 80% grant on qualifying project costs namely third party consultancy fees, software and equipment, and internal manpower cost
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

If you have any questions regarding this or any of the other initiatives offered to those affected by the current disruption, please contact Jason Lew at jason@entrust.sg.