Enjoy reimbursements of up to 40% of employees’ wage increments from 2013 to 2015. Employees must be Singaporeans who earn a gross monthly wage of $4,000 and below.
Find out how the Wage Credit Scheme can help to offset a wage increment for your employees.
For more scenarios, please visit the IRAS website.
To qualify for the Wage Credit Scheme, employees must be:
- Singapore Citizens.
- Earning a gross monthly wage of less than S$4,000 each.
- Employed for at least three months in 2012.
- On the employer’s payroll for at least three months in 2013 (employer must have paid employee CPF contributions for at least three months in 2013).
Calculate how much Wage Credit you can receive using IRAS’online calculator.