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Some firms concerned over higher Local Qualifying Salary

Businesses will have to pay workers higher salaries when the updated Local Qualifying Salary scheme starts in July. They say the move will put a strain on their businesses as they find ways to pay a higher wage. But other companies say they are benefiting from other Budget announcements like the S$1 billion top-up to t

IRAS given greater powers to administer government grants, investigate fraud and abuse

It will now be an offence to interfere with or refuse to comply with IRAS’ investigation of serious grant offences, said Second Minister for Finance Chee Hong Tat.

Budget 2024: Higher co-funding level, income ceiling for Progressive Wage Credit scheme

Changes to Iras(Amendment) Bill grants taxman more powers to administer government grants

It will also empower Iras to investigate fraud and abuse, and to recover grant monies. Read more at straitstimes.com.

More firms look for inflation support, green incentives, SkillsFuture credits in Budget this year: UOB survey