Government Grant Available for Singapore SMEs: 2020
Productivity Solutions Grant (PSG) for MYOB / ABSS Accounting Software
For companies looking to kick-start their adoption of technology with pre-qualified IT solutions and equipment that enhances productivity. Maximum support level has been raised from 70% to 80% from 1st April 2020 to 31st December 2020.
The ERG is a new scheme to help businesses in Singapore to digitalise. As businesses look for digital solutions to enable their staff to work remotely, the Grant will directly assist businesses enable e-invoicing features on their existing or new solutions, allowing their finance staff to work remotely.
The SkillsFuture Enterprise Credit (SFEC) encourages employers to invest in enterprise transformation and capabilities of their employees. Eligible employers will receive a one-off S$10,000 credit to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, over and above the support levels of existing schemes.