Support for business
• The Wage Credit Scheme and Corporate Income Tax Rebate will be extended for 2016 and 2017 but at reduced support levels. However, the Productivity and Innovation Credit Bonus will be discontinued.
• The Wage Credit Scheme and Corporate Income Tax Rebate will be extended for 2016 and 2017 but at reduced support levels. However, the Productivity and Innovation Credit Bonus will be discontinued.
• The Temporary Employment Credit, announced in 2014, will be enhanced and extended to help employers cope with higher wage costs arising from the increase in CPF employer contribution rate.
• The Special Employment Credit will be raised further to encourage employers to voluntarily re-employ older workers.
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