SME Rebate Scheme

I quote...

"The SME Rebate Scheme is a 2-year assistance scheme to help locally registered SMEs* adjust to rising business costs.

You are invited to apply for the SME rebate at our website http://www.smerebate.gov.sg/ if your firm meets the following criteria:-

i. For a non-manufacturing firm:

- Business must be registered in Singapore

- Fixed Asset Investment (FAI) of less than S$15 million

- Not more than 200 employees

ii. For a manufacturing firm:

- Business must be registered in Singapore

- Fixed Asset Investment (FAI) of less than S$15 million

Please be reminded to submit your application by 31 July 2008 to receive cash rebates pegged to the total employer and employee CPF contributions made by your firm over two years for the period July 2007 to June 2009.

Firms that apply after 31 July 2008 will only qualify for the rebate for the period July 2008 to June 2009.

Eligible firms will receive notification letters from CPF Board indicating the date and amount of payment.

Please visit the SME Rebate Scheme website (http://www.smerebate.gov.sg/) for more information." Unquote...