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Wage Credit Scheme: SMEs to get bulk of payout

Saturday, March 18, 2017 - 05:50

The WCS allows businesses to free up resources to invest in productivity and share the gains with their employees.


MORE than 85,000 employers in Singapore will receive about S$660 million in Wage Credit Scheme (WCS) payouts by the end of this month.

Small and medium enterprises (SMEs) will get about 70 per cent of the disbursed sum, the Ministry of Finance (MOF) and the Inland Revenue

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