Accounting Software Grant
From 1 July 2009 to 31 May 2012 GST-registered businesses can apply to IDA for a
grant to defray the costs of purchasing accounting software that are listed in the IRAS’ Accounting Software
Register.
Scope of the Grant
GST-registered businesses which qualify under this grant will
receive a subsidy of up to 50% of the cost of the accounting software and for costs related to
installation/deployment and training on use of the software, up to a maximum of S$1,500.
Conditions of the Grant
Businesses that wish to apply for assistance under this scheme
must meet the following conditions:
1. The business is registered or incorporated in Singapore
with:
-
Local equity/shareholding of at least 30%
-
Group fixed assets worth less than
S$15 million
-
Staff strength of not more than 200 employees* (for companies in the
services/non-manufacturing sector)
2. The business is GST-registered and will remain GST-registered
for 12 months or more after submission of the application for the subsidy, subject to the GST
legislation
3. The business is currently not using any accounting software or
system, and the business has not applied for, obtained, or will be obtaining any other tax/financial assistance
(i.e. subsidy/grant) for software performing the same function.
4. The accounting software must be listed in the IRAS’ Accounting
Software Register.
5. The business must email a copy of the IRAS Audit File (IAF)
generated by the accounting software which covers data for one GST prescribed accounting period, to
IRAS.
Please do not hesitate to contact us at (65) 6220 9303 or email us at
or use our enquiry form
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