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Wage Credit Scheme: SMEs to get bulk of payout

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Published Fri, Mar 17, 2017 · 09:50 PM

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    Singapore

    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 Authority of Singapore (IRAS) said in a joint statement on Friday.

    Singapore SMEs

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