Some individuals and businesses believe modern this all about complexities and high-end solutions. However, even though there is some truth, you can leverage straightforward steps to digitize your small business and improve productivity. Fortunately, the government of Singapore supports digital transformation through the Productivity Solutions Grant (PSG).
If you have had the chance to learn more about this grant, you already know it helps SMEs in Singapore overcome common challenges. However, for those who might have doubts in mind, read on to learn about it here.
The PSG focuses on adopting internet technology options in specific industry solutions. Some industries include logistics, finance, engineering, food, and landscaping. The PSG grant brings together three types of existing grants, i.e., the national parks board's landscape grant, the spring Singapore innovation grant, and the Media Development Authority SMEs Digital program.
Through the grant, SMEs get the financial breakthrough they need to succeed. By offering close to 70% funding support to companies, they can focus more on long-term investment in technology.
Might you wonder there is the PSG digital marketing grant taxable? Well, the PSG for the ES industry is given to acquire equipment/solutions, which is capital in nature. For this reason, it will not be taxable as some people tend to think.
SME companies are eligible to apply for the grant, provided they're registered and based in Singapore. Furthermore, the information technology solutions, lease, and purchase must be in Singapore. If this is not enough, the company's employees should not exceed two hundred.
Be sure to go through the eligibility criteria before applying, especially if you happen to be experienced in digital marketing. Fortunately, you can check it out here. You will then have an easy time filling out the application form.
The Productivity Solutions Grant is vital in helping SMEs in Singapore materialize their innovative lifestyle concepts. If you are yet to apply, there is no other time to do so than now. Either way, you ought to understand what goes into the PSG grant, and you can quickly get the information following this link. You can also click here to answer all your burning questions regarding the PSG grant.
