GOVERNMENT ASSISTANCE AVAILABLE

EPOS provides Digital Solutions that are eligible for several government assistance scheme.

Productivity Solution Grant

A grant introduced by the IMDA, which encourages businesses to invest in digital solutions offering up to 80% subsidies of the total cost of the solution.

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Skills Future Enterprise Credit 

An assistance scheme that where eligible employers will receive a one-off S$10,000 credit to cover up to 90% of the out of pocket expenses on qualifying costs.

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Digital Resilience Bonus

A bonus payout that rewards up to S$10,000 to enterprises that adopt digital solutions which can help the business to grow and be more efficient.

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PRODUCTIVITY SOLUTION GRANT (PSG)

EPOS qualifies as a retail enhancement IT solution, where eligible SMEs can receive up to 80% in subsidies on EPOS system solutions.

Eligibility Criteria

Company size

Startups. Companies with no minimum employees. Small and medium sized enterprises.

Company shares

Companies need to have 30% of ordinary shares to be held by Singaporeans or PRs.

Duration

SMEs that have claimed from the grant more than a year ago can reapply. 

FREquently Asked Question

Do Applicant Have To Be Singaporean

Businesses that wish to apply for the Productivity Solution Grant has to have at least 30% of the business ordinary shares be held by Singaporeans or Permanent Resident.

How Many Times Can A Company Apply For PSG

A company can apply for PSG for every new technology solution. For example, if a company applies for the grant and receive a 80% subsidy for EPOS POS machine, they can still apply for the grant for a different technological solution.

Companies can only apply for PSG for the same solution more than once only if it is for a different outlet under the business, this means that a company can receive 80% subsidies on two or more EPOS machines as long as they are for different outlet. 

Is There A Cap To The PSG Approved Grant

There is a grant cap of S$ 30,000 per business, this cap resets on the 31st of March every year. This means that applicants that have hit their $ 30,000 budget, will only be able to qualify for PSG again after 31st March.

*Certain equipment and IT solution might be subjected to further cost caps.

Can I Apply For PSG After Signing A Contract With EPOS

No you cannot. In order to enjoy the subsidy of the PSG, you have to apply for it before you make the purchase.

It cannot be done after signing or making any payment to a vendor.

What Does PSG Subsidy Cover

The PSG grant only covers the purchase cost of the equipment, delivery fee and installation fee.

Unless stated otherwise, anything else is excluded.  

What Is A Pre-Approved Vendor

IMDA has pre-scoped both vendor and solution in order to simplify the application process. Being a PSG pre-approved vendor allows applicant to apply for the grant with confidence as it remove the uncertainty on whether the tech solution is eligible for the grant.

 

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SKILLS FUTURE ENTERPRISE CREDIT (SFEC)

Eligible employers for SkillsFuture Enterprise Credit (SFEC) will receive a one-off $10,000 credit to cover up to 90% of the out of pocket expenses on qualifying costs

Eligibility Criteria

Skills DEVELOPMENT levy

Contributed at least S$750 Skills Development Levy over a given period

Employees

Have employed at least three Singapore Citizen (SCs) or Permanent Resident (PRs) every month over the same period.

FREquently Asked Question

How Do I Apply For SFEC

No application is necessary, eligible customer will be informed by Enterprise Singapore in writing.

What Is Skill Development Levy

Skills Development Levy (SDL) is a mandatory contribution by employers. SDL is to encourage employers to upgrade their employees’ skills. SDL collections are channelled into the Skills Development Fund (SDF), which support a wide variety of skills upgrading programmes and activities. The SDL and SDF are administered by SkillsFuture Singapore (SSG).

What Are The Qualifying Period

There are four qualifying periods:

a. 1 April 2019 – 31 March 2020
b. 1 July 2019 – 30 June 2020
c. 1 October 2019 – 30 September 2020
d. 1 January 2020 – 31 December 2020

There will be no qualification of employers after the last period.

When Can I Receive The SFEC Reimbursement

The SFEC will be reimbursed directly to employers from 1 April 2021.

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DIGITAL RESILIENCE BONUS (DRB)

EPOS POS system is currently the only Digital Solution that is eligible for
Retail Category 3 – Data Mining and Analytic.  

Retail Eligibility

Category 1 – Business Process

S$2,500 payout for the adoption of business process solution that helps improve accounting, HR/payroll and inventory management.

Catergory 2 – Digital Presence

S$2,500 for the adoption of e-Commerce Solution that helps establish a digital presence.

Category 3 – Data Mining & Analytic

S$5,000 for the adoption of Data Mining & Analytic that provide useful insights based on your day-to-day business data.

Food service Eligibility

Category 1 – Business Process

S$2,500 payout for the adoption of business process solution that helps improve accounting, HR/payroll and inventory management.

Catergory 2 – Online food delivery

S$2,500 for the adoption of Online Food Delivery Solution that helps establish a digital presence.

Category 3 – Data Mining & Analytic

S$5,000 for the adoption of Data Mining & Analytic that provide useful insights based on your day-to-day business data.

FREquently Asked Question

Do I Have To Qualify For Category 1 & 2 Before Being Eligible For Category 3

No, all 3 categories are not dependent on each other. You just need to meet the criteria for each category to receive the payout.

What Are The Baseline Eligibility

1) Your UEN must fall under Food Services or Retail Sectors (Check your SSIC)

2) Your UEN must be incorporated before 26 May 2020

3) Your UEN must have an active PayNow Corporate account

4) Your UEN must be on Peppol e-invoicing network

How Do I Apply For DRB Payout

There is no need for you to apply for the DRB bonus, your solution provider will apply on your behalf. You will need to provide usage data for submission.

I Am Currently Using More Than One Solution that Qualify For The Same Category. Who Do I Approach For DRB Application

IMDA will be collecting usage information from all qualified solution providers before cross-checking the data internally to determine the enterprises that will receive the DRB payouts. For example, if you are using two qualified digital ordering solutions, both your solution providers will send your usage information to IMDA.

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