GOV.SG: I am a business owner/self-employed - Overcoming the Crisis

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Covid-19 support measures

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Overcoming the Crisis

Find out how these support measures can help protect your livelihood through this challenging period and prepare you for new opportunities when the economy recovers.


Self-Employed Person Income Relief Scheme (SIRS)

  • Support for self-employed persons
    • $3,000 cash payout each in May, July and October 2020
    • Criteria broadened to benefit more self-employed persons
    • $10/hour training allowance, on top of subsidies that cover up to 90% of course fees
    • Applications/appeals open for those who did not automatically qualify and facing difficult circumstances

      Find out more


Support for training

  • Opportunities for individuals
    • One-off $500 SkillsFuture Credit top-up for adult Singaporeans
    • Check out the available courses
    • Get your career advice here
  • Hiring incentive for employers who hire retrained and reskilled local workers
    • 20% of monthly salary support for 6 months, capped at $6,000 in total, when hiring workers under aged 40
    • 40% of monthly salary support for 6 months, capped at $12,000 in total, when hiring workers aged 40 and above
  • Support for enterprises to develop workers


Reduce costs for businesses

  • Jobs Support Scheme
    • Employers to receive wage support of 25 - 75% offset for first $4,600 of monthly wages for all local workers up till August 2020 or a total of 10 months
    • Firms that cannot resume on-site operations after 1 June will receive 75% offset until August 2020, or when they are allowed to re-open
    • Higher wage support of 50 – 75% offset for more firms in badly affected sectors, 25% for other sectors
    • 50,000 eligible Shareholder-Directors will also benefit

  • Property tax deferment
    • Deferment of income tax payments for 3 months
    • Property Tax Rebate of 30 – 100% for businesses in commercial and non-residential properties
  • Rental waivers
    • COVID-19 (Temporary Measures) Act allowing individuals and businesses to defer contractual obligations such as paying rent, repaying loans and completing work, for a period
    • Up to 2 months’ rental offset for SME tenants in commercial, industrial, and office properties
    • Up to 5 months’ rental waiver for Government tenants, such as hawker centre and market stallholders


Support for digitalisation

  • $300 per month over five months to encourage stallholders to adopt e-payment methods
  • $5,000 payout for businesses that digitalise basic payment and invoicing such as Corporate PayNow
  • Additional $5,000 payout for F&B and retail businesses that adopt advanced digital solutions
  • $250m set aside to help businesses digitalise with platform solution providers

Ease businesses’ cash flow

  • Help with loan insurance payments
  • Corporate income tax deferred
  • Planned increase in CPF contribution rates for senior workers deferred to 2022
  • Up to 2 months’ extension of Foreign Worker Levy waiver and rebate for businesses that cannot resume on-site operations


Improve businesses’ access to credit


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UPDATED AS OF 15 Jun 2024
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