A HEALTHY EMPLOYEE IS A PRODUCTIVE EMPLOYEE
Create a healthier workplace for your employees via the Workplace Health Promotion Grant.
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WHAT
is the grant?
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WHO
can apply? |
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WHAT
can the grant fund? |
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VALUE
of the grant? |
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Questions? Please email: HPB_Health_At_Work@hpb.gov.sg or call 6435 3704
Read the full article written by HPB here.
About the expert: Established in 2001, the Health Promotion Board (HPB) has a vision to build a nation of healthy people. The Workplace Health Promotion (WHP) Grant is a funding scheme offered by HPB. The Grant provides financial support to help organisations start and sustain their workplace health programmes.
SINGAPORE BUDGET 2014:
PIC GRANT EXTENDED FOR ANOTHER 3 YEARS
Some of the business-related highlights from the Singapore Budget 2014 which you may find relevant:
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(A1) Extension and Enhancement to the Productivity and Innovation Credit (PIC) Scheme
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PIC Extension
The PIC Scheme, which lapses after YA2015, will be extended for three years (i.e. YA2016 to YA2018) at the current support level1. The expenditure cap for each qualifying activity is combined across the three years, which means businesses can claim enhanced tax deductions of up to $1.2 million ($400,000 x 3 YAs).
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PIC+ scheme
To help firms that are making substantial investments to revamp their businesses, we will raise the expenditure cap for each of the six qualifying activities from the current $400,000 to $600,000 with effect from YA2015. This means that qualifying SMEs2 that have hit the combined cap of $1.2 million (across three YAs) can now claim enhanced tax deductions of up to $1.8 million3 in qualifying expenditure.
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(B1) ICT for Productivity and Growth (IPG) Programme
To accelerate the adoption of ICT solutions among SMEs, IDA will, over the next three years:
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Promote the adoption of proven ICT-based productivity solutions by subsidising 70% of the qualifying costs, and reimbursing the vendors directly so that SMEs need not apply for the subsidy.
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Provide SMEs that tap on qualifying ICT-based productivity solutions with a 50% subsidy on their fibre subscription plans of at least 100Mbps for up to two years, capped at $120 per month.
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Support SMEs to implement Wireless@SG services at their premises by providing a one-time subsidy of up to $2,400 for them to set up the necessary equipment.
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(D1) Enhancement to Internationalisation Finance Scheme
To further help companies make additional asset investments abroad or fund working capital expenses for secured overseas projects, the maximum loan quantum supported by the Internationalisation Finance Scheme will be raised from $15 million to $30 million for two years.
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The above information can be found on the Singapore Budget 2014.
About the expert: The Singapore Budget is prepared for each financial year, which begins on 1 April of every calendar year and ends on 31 March of the next calendar year. The Budget includes the revised government revenue and expenditure projections for the current financial year, as well as the planned government revenue and expenditure in the coming financial year.
Before drawing up the Budget, the Ministry of Finance starts its public consultation process in November to gather feedback for the next financial year’s Budget. The feedback process generally lasts for about two months, and all views and suggestions submitted during the feedback period are taken into account in the design of the Budget. After which, the Budget is presented to the Cabinet for approval.