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Have you heard of the Market Readiness Assistance Grant (MRA)
There are myriad of assistance that companies today are able to tap on. Here’s one more to share. The Market Readiness Assistance Grant or MRA supports companies looking to expand overseas. As companies grow, the likely expansion would be outward into other countries, other regions to grow your market. In today’s global economy, it is not only essential, but vital for companies to venture overseas and to tap the potential of the overseas market. (more…)
Excerpt from IRAS.GOV.SG
21 Jul 2016: IRAS would like to remind all businesses that with effect from 1 Aug 2016, the Productivity and Innovation Credit (PIC) cash payout rate will be at 40% instead of 60% of qualifying expenditure subject to a total expenditure cap of $100,000 across the six qualifying activities . The other PIC component of 400% tax deduction on up to $400,000 of spending per year in each of the six activities remains unchanged. The PIC Scheme will expire after Year of Assessment (YA) 2018.
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SMALL and medium-sized enterprises (SMEs) will have greater access to financing from Wednesday, with the launch of the SME Working Capital Loan programme.
Administered by Spring Singapore, the programme – introduced at Budget 2016 as one way of addressing SMEs’ near-term concerns while encouraging business growth and restructuring – will be offered by 12 participating financial institutions. (more…)