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Taxable income is income that is subject to tax, and not all income is taxable in Singapore. On this page: Income Received in Singapore from Outside Singapore. How to Determine Whether Your Income is Taxable. Tax Treatment of Grants/ Payouts Commonly Received by Companies.
The Productivity Solutions Grant (PSG) helps Singapore companies improve their productivity and automate existing processes through IT solutions and equipment. Up to 50% of eligible costs for local SMEs. Sector-specific and generic solutions.
What are the eligibility criteria for Productivity Solutions Grant (PSG) by Enterprise Singapore (EnterpriseSG)? Business entity that is registered/incorporated in Singapore; Has at least 30% local shareholding;
The Productivity Solutions Grant (PSG) was launched on April 2018 to help businesses enhance their processes with technology. It provides financial support for business owners to adopt pre-scoped IT solutions, equipment and consultancy services to improve productivity.
Solutions for all sectors. Select a category to see its relevant solutions. Companies across all business sectors are eligible for the solutions here. IT Solutions. Human Resource Solutions
Enterprises that qualify for the Productivity Solutions Grant (PSG) can apply for a training grant under the PSG (SkillsFuture Training Subsidy), or PSG (SFTS). The PSG (SFTS) covers up to 70% of out-of-pocket training expenses, capped at $10,000 per company.
Grants or financial support offered by government bodies, including BCA, may be subject to income tax in the hands of the recipients. In general, the tax treatment of grants is as follows (click here to learn more): 2. Grant recipients are responsible for filing their own/ company’s (where applicable) tax returns correctly.
