{"id":509,"date":"2023-04-02T00:47:56","date_gmt":"2023-04-02T00:47:56","guid":{"rendered":"https:\/\/lhongnco.com.sg\/?p=509"},"modified":"2023-04-02T00:47:56","modified_gmt":"2023-04-02T00:47:56","slug":"budget-2022-overview-of-enterprise-disbursements","status":"publish","type":"post","link":"https:\/\/lhongnco.com.sg\/2023\/04\/02\/budget-2022-overview-of-enterprise-disbursements\/","title":{"rendered":"Budget 2022 \u2013 Overview of Enterprise Disbursements"},"content":{"rendered":"<h3 class=\"wp-block-heading\">Support for Workers and Businesses<\/h3><figure class=\"wp-block-table\"><table><tbody><tr><td>Schemes<\/td><td>Summary<\/td><td>FAQ\/Related<br>Information<\/td><\/tr><tr><td>Progressive Wage Credit<br>Scheme (PWCS)<\/td><td>The Progressive Wage Credit Scheme (PWCS) provides transitional wage support<br>for employers to adjust to upcoming mandatory wage increases for lower-wage<br>workers covered by the Progressive Wage and Local Qualifying Salary<br>requirements and voluntarily raise the wages of lower-wage workers.<br>The Government will co-fund wage increases for eligible resident employees from<br>2022 to 2026. IRAS will notify eligible employers and they can expect to receive<br>the first payout by the 1st Quarter of 2023.<\/td><td>Progressive Wage<br>Credit Scheme<\/td><\/tr><tr><td>Small Business<br>Recovery Grant (SBRG)<\/td><td>The Small Business Recovery Grant (SBRG) provides one-off cash for SMEs that<br>have been most affected by COVID-19 restrictions over the past year, like those in<br>the F&amp;B, Retail, Tourism, and Hospitality sectors.<br>IRAS will notify eligible firms starting in June 2022.<\/td><td>Small Business<br>Recovery Grant<\/td><\/tr><tr><td>Jobs Growth Incentive<br>(JGI)<\/td><td>The Progressive Wage Credit Scheme (PWCS) provides transitional wage support<br>for employers to adjust to upcoming mandatory wage increases for lower-wage<br>workers covered by the Progressive Wage and Local Qualifying Salary<br>requirements and voluntarily raise the wages of lower-wage workers.<br>The Government will co-fund wage increases of eligible resident employees from<br>2022 to 2026. IRAS will notify eligible employers and they can expect to receive<br>the first payout by the 1st Quarter of 2023.<\/td><td>Jobs Growth Incentive<\/td><\/tr><\/tbody><\/table><\/figure>","protected":false},"excerpt":{"rendered":"<p>Support for Workers and Businesses Schemes Summary FAQ\/RelatedInformation Progressive Wage CreditScheme (PWCS) The Progressive Wage Credit Scheme (PWCS) provides transitional wage supportfor employers to adjust to upcoming mandatory wage increases for lower-wageworkers covered by the Progressive Wage and Local Qualifying Salaryrequirements and voluntarily raise the wages of lower-wage workers.The Government will co-fund wage increases for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"_joinchat":[],"footnotes":""},"categories":[22],"tags":[],"class_list":["post-509","post","type-post","status-publish","format-standard","hentry","category-singapore-budget"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/lhongnco.com.sg\/wp-json\/wp\/v2\/posts\/509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lhongnco.com.sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lhongnco.com.sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lhongnco.com.sg\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/lhongnco.com.sg\/wp-json\/wp\/v2\/comments?post=509"}],"version-history":[{"count":0,"href":"https:\/\/lhongnco.com.sg\/wp-json\/wp\/v2\/posts\/509\/revisions"}],"wp:attachment":[{"href":"https:\/\/lhongnco.com.sg\/wp-json\/wp\/v2\/media?parent=509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lhongnco.com.sg\/wp-json\/wp\/v2\/categories?post=509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lhongnco.com.sg\/wp-json\/wp\/v2\/tags?post=509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}