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Claim up to
S$1,500 Grant
to purchase an accounting software
 Accounting
software is a tool to assist businesses to
improve their financial and book-keeping
practices. From 1 July 2009 till 31 March 2012,
you can apply for a grant to defray the costs of
using accounting software that complies with the
Inland Revenue Authority of Singapore's (IRAS)
e-Tax Guide.
IDA partners IRAS in this scheme to assist SMEs
that are registered for Goods-and-Services Tax
(GST), to purchase and put into use the
accounting software listed in the IRAS
Accounting Software Register.
Scope of Scheme
 The
assistance scheme defrays up to 50% of the
qualifying costs of the following items, capped
at S$1,500 per SME:
- Accounting software listed in IRAS
Accounting Software Register
- Installation/deployment of the
accounting software, and
- Training on the use of the accounting
software.
The grant is on a reimbursement basis in which
you will have to incur the costs and submit the
necessary invoices and documents to IDA for the
costs to be reimbursed.
How to Qualify and Apply?
1. Your business must be registered or
incorporated in Singapore with:
- At least 30% local shareholding;
- Fixed assets worth less than S$15
million*; and
- Employment of less than 200 employees*
(companies in the services sector)
2. Your business is GST-registered and will
remain GST-registered for 12 months or more
after your application for this assistance
scheme. For information on getting your business
registered for GST, you can refer to the IRAS
website to find out the pre-requisites and
process for GST registration.
3. Your business is currently not using any
accounting software or system, and your business
has not applied for or obtained or will be
obtaining any other financial assistance (i.e.,
subsidy or grant) for the purchase or use of
accounting software, including SPRING
Singapore's GST Assistance Scheme which ran from
1 March 2007 to 30 June 2009.
Businesses that are interested in the scheme
need to submit an application form to IDA and
await for IDA’s reply before proceeding to
purchase the accounting software. To apply for
the subsidy, please complete the application
form (updated 10 July 2009).
Footnotes:
* Computed on a group basis i.e. checking up to
three levels for corporate shareholders holding
20% or more of the total shareholding in the
company and one level down where the company
holds more than 50% of the shareholding in a
subsidiary company.
To know more about
the grant, please fill in the form below:
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Strength
of A2000 -> Government Grants -> IDA
Assistance Grant