Wage Supplement — Current Scheme (2021)

Wage Supplement — Current Scheme (2021)

A new and fairer system of the Wage Supplement Scheme, as announced in the Budget 2021.

 

As of January, the amounts of the wage supplement will be calculated according to drop in sales. This change is being worked out on VAT declarations, through an agreement reached with the VAT department.

 

The Scheme is now including replacement of employees as long as the original number of employees as at end of May is not exceeded.  These will be eligible for the wage supplement from October 2020.

Explainer Guide

Economic Support Measures

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Innovation Scheme for SMEs
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Quarantine Leave
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Rent Refund
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Electricity Bill Refund
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Wage Supplement
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Business Re-engineering
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Microinvest Cash Conversion
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Export Credit Guarantee
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Construction Industry Scheme
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Investment Aid COVID Products
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Skills Development Scheme
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Ongoing Measures
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Others - June Regeneration Budget
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Industrial Infrastructural Projects
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COVID-19 R&D Fund