Productivity Solutions Grant


  • PSG will be enhanced to encourage enterprises to continue their digitalisation and productivity upgrading efforts
  • The maximum funding support level will be raised to 80% from 1 April 2020 to 31 December 2020
    • Online collaboration tools
    • Virtual meeting and telephony tools
    • Queue management systems
    • Temperature screening solutions
  • Who can apply?
    •  Business entities who meet the following criteria:
      • Registered and operating in Singapore
      • Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore
      • (For selected solutions only) Have a minimum of 30% local shareholding
  • How to apply?
    • 3 steps:
      • Access the list of supportable solutions and identify relevant solutions that best suit your business needs.
      • For IT solutions: Get a quotation from the pre-approved vendor
      • For Equipment: Source for the equipment and get a quotation from the vendor
      • Submit an application on the Business Grants Portal (BGP)
      • * You will need to register for a CorpPass account to transact on the portal.
  • Pre-scoped IT Solutions
    • Please refer to
    • Solutions supported under the Productivity Solutions Grant are regularly reviewed. Do take note of the current support levels and grant caps
      •  Accounting Management and Human Resource Management System (HRMS)
      • Accounting Management and Sales Management System
      • Accounting Management, Customer Relationship Management (CRM) and Sales Management System
      • Accounting Management, Customer Relationship Management (CRM), Inventory Management and Sales Management System
      • Accounting Management, Inventory Management and Sales Management System
      • Customer Relationship Management (CRM)
      • Customer Relationship Management (CRM) and Sales Management System
      • Cyber Security - EndPoint Protection Platform
      • Cyber Security - Unified Threat Management
      • Document Management and Mobile Access System
      • EndPoint Protection Platform
      • Fleet Management System
      • Human Resource E-scheduling System
      • Human Resource Management System (HRMS)
      • Human Resource Shared Services (HRSS) Needs Analysis + HR Administrative Support & Payroll Processing via a HRMS
      • Human Resource Shared Services (HRSS) Recruitment/On-boarding
      • Inventory Management and Sales Management System
      • Inventory Management System
      • Managed Detection and Response
      • Remote Working - Online Collaboration Tools
      • Remote Working - Virtual Meeting Solution
      • Unified Threat Management
      • Video Analytics for Crowd Management
      • Visitor Management - Queue Management System
      • Visitor Management - Temperature Screening Solution


Announced by our Prime Minister, Mr. Lee Hsien Loong on 03 April 2020 (Friday), as part of the Government’s stricter measures to “minimise physical contact” and keep the Covid-19 pandemic in check, our Singapore Office will be shut down temporarily from 07/04/2020 (Tuesday) to 04/05/2020 (Monday). 

We will try our best to have all correspondence via email & WhatsApp during this period and we sincerely apologies for any delay in replying.

Sorry for any inconvenience caused and thanks for your understanding.

Corporate Tax Filing Season 2020


Corporate tax filing season 2020 for Singapore will be due very soon.

  • The deadline will be on 15 December 2020.
  • From YA2020, e-Filing of the Corporate Income Tax Returns (Form C-S/ C) is COMPULSORY for all companies.
  • However, in light of the COVID-19 situation, companies with financial years ending in Oct 2019 to Dec 2019, IRAS is prepared to grant a 1-month extension till 15 Jan 2021 to e-File the YA 2020 CIT Returns, on a case-by-case basis by submitting the form by 27 November 2020.
  • Key tax changes for YA2020:
    • A Corporate Income Tax Rebate of 25% of tax payable, capped at $15,000, will be granted for YA 2020
    • The Loss Carry-Back Relief has been enhanced for YA 2020. Companies may elect for either the current carry-back relief system or enhanced carry-back relief system for YA 2020
    • * From YA 2020, companies that qualify to file Form C-S and have an annual revenue of $200,000 or below have the option to file Form C-S (Lite), a simplified version of Form C-S.

We do provide tax computation and filing service. Please feel free to contact us at +65 – 6674 6674


1 Deputy Prime Minister and Minister for Finance Heng Swee Keat delivered the Singapore Government’s Budget Statement for Financial Year 2020 in Parliament on Tue, 18 February 2020.

2 Budget 2020 is presented against a backdrop of the on-going COVID-19 outbreak, as well as broader uncertainties in the landscape.

3 There are also long-term structural shifts taking place around the world – a decline in support for globalisation, a shift in economic weight towards Asia, technological disruption, and an ageing population in many countries.


Singapore National Day

On behalf of YCS, we wish Singapore Happy National Day.

Please be informed that our Singapore office will be closed on 10/08/2020 (Monday). Our business shall be resumed on 11/08/2020 (Tuesday).