5-7 Innovation and Capability Voucher (ICV) ICT for Productivity & Growth (IPG) Productivity and Innovation Credit (PIC) 13 PIC Bonus

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Amanda James
8 years ago
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3 RESTRUCTURING & PRODUCTIVITY 5-7 Innovation and Capability Voucher (ICV) 8-9 Increase SME Productivity With Infocomm Adoption & Transformation (isprint) 10 ICT for Productivity & Growth (IPG) Productivity and Innovation Credit (PIC) 13 PIC Bonus 14 workforce & training support 16 SME Enhanced Training Support 17 WorkPro venturing overseas Market Readiness Assistance Grant (MRA) ACCESS TO LOANS 22 Micro Loan Programme (MLP) 23 SME Toolkits 3

Innovation Credit (PIC) 13 PIC Bonus 14 workforce & training support 16 SME Enhanced Training Support 17 WorkPro

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5 RESTRUCTURING & PRODUCTIVITY 5

6 RESTRUCTURING & PRODUCTIVITY 2 Productivity Solutions 6

7 RESTRUCTURING & PRODUCTIVITY Tan & Sons Pte Ltd Tan & Sons Pte Ltd Consultancy Projects* Solutions To apply, Mr Tan should To apply, Mr Tan should Call Visit 7

Mr Tan should To apply, Mr Tan should Call 6898 1800

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9 RESTRUCTURING & PRODUCTIVITY 1. View list of solutions online** 2. Contact solutions provider 1. Complete business proposal 2. Submit to IDA 4.File for claims (Claims: $2,000) 4. Approval by IDA Call Visit 9

Submit to IDA 4.File for claims (Claims: $2,000) 4.

10 RESTRUCTURING & PRODUCTIVITY 10 Call Visit

11 RESTRUCTURING & PRODUCTIVITY TAX DEDUCTION PIC IT and Automation Equipment ~ Staff Training Registering for Intellectual Property Rights 400% x $400,000 = max $1.6 million per year to get 1 of these 2 benefits* Acquisition and ln-licensing of Intellectual Property Rights (IPRs) Approved Design Project R&D CASH PAYOUT 60% x $100,000^ = max $60,000 per year 11

6 million per year to get 1 of these 2 benefits* Acquisition and ln-licensing of

12 RESTRUCTURING & PRODUCTIVITY 4 12 Call (Companies) (Self-employed/partnership) picredit@iras.gov.sg Visit

13 RESTRUCTURING & PRODUCTIVITY Tan & Sons Pte Ltd Mr Tan decides to invest $50,000 in PIC activities. Carry out business operations in Singapore Have spent at least $5,000 in PIC-qualifying expenditure (net of government grant/ subsidy) in the basis period for that YA Have employed at least three local employees* PIC Benefits $200,000 Tax Deduction OR $30,000 Cash Payout PIC Bonus $15,000 Call (Companies) (Self-employed/partnership) Visit 13

subsidy) in the basis period for that YA Have employed at least three local employees* PIC Benefits $200,000 Tax Deduction OR $30,000

14 RESTRUCTURING & PRODUCTIVITY Original wages 60 % funded by Mr Tan Wage Increase Using the WCS, Mr Tan is able to Cope with rising manpower costs and invest in productivity improvements Share productivity gains with his employees Requirements: Singapore citizen The increase must be at least $50 or more Employee must have worked for employer for at least 3 months in year of wage increase 14 Call wcs@iras.gov.sg Visit www. iras.gov.sg/irashome/wcs.aspx

Requirements: Singapore citizen The increase must be at least $50 or more Employee must have worked for employer for

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16 workforce & training support 16 Call Visit

17 workforce & training support EMPLOYER EMPLOYEE Age Management Grant Acquisition of skills and knowledge on age management practices On-the-Job Training Allowance OJT for newly recruited back-towork locals A retention bonus of up to $1,200 New Hire Retention Incentive To retain newly recruited mature workers and back-towork locals* Mr Tan, the employer, gets: Work-Life Grant Implementation of work-life strategies, particularly Flexible Work Arrangements (FWAs) One-time transport allowance to help workers from low income households defray initial costs of returning to work JOB SEEKER Mentorship Allowance Mentors will be assigned to locals who have been Job unemployed for Redesign Grant >3 months Free Free job preparation To redesign jobs, work processes and candidate workshops workplaces referral services Mentorship support for back-to-work locals Call wda_enquiry@wda.gov.sg Visit 17

work-life strategies, particularly Flexible Work Arrangements (FWAs) One-time transport allowance to help workers from low income households defray initial costs of returning to work JOB SEEKER

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19 VENTURING OVERSEAS MA(1) Assess products and services for target overseas market MA(2) Study and assess target overseas market s potential for business ME(2) Identify potential in-market business partners BR(1) Identify opportunities in business process improvements for internationalisation BR(2) Compare and analyse market environments and their impact on business operations MA(3) Recommend best mode of entry into target market e.g by franchising/licensing, setting up sales office etc 19

business process improvements for internationalisation BR(2) Compare and analyse market environments and their impact on

20 VENTURING OVERSEAS Tan & Sons Pte Ltd Mr Tan will receive a Letter of Offer upon approval via after which he can embark on the project. To apply, Mr Tan should Download MRA Panel list and application form from the website. Contact IE partners to discuss work scope and cost. completed form with partner s quote to mra@iesingapore.gov.sg 20 Call mra@iesingapore.gov.sg Visit

To apply, Mr Tan should Download MRA Panel list and application form from the website.

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22 Does Mr Tan qualify? 22 Call Visit

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14 March 2013 WORKPRO TOWARD PROGRESSIVE WORKPLACES

14 March 2013 WORKPRO TOWARD PROGRESSIVE WORKPLACES 14 March 2013 Helping Singaporeans Re-Join the Workforce and Employers Improve Progressive Workplace Practices WorkPro and Enterprise Training Support to start 1 April 2013 At the Ministry of Manpower