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Budget 2013

Benefits for Companies:
1. Wage Credit Scheme: Govt to fund 40% of wage rises for Singaporeans earning up to $4,000. Cost: $3.6 billion over three years
2. Boosting Productivity: Cash bonuses of up to $15,000 for investment in productivity. Cost: $450 million over three years

3. Corporate tax rebate: 30% over three years, up to $30,000 per year. Cost: $1.3 billion over three years

4. Goods vehicles: 30% rebate on road tax; COE renewals for five more years

5. Foreign workers; Higher levies, cuts in dependency ratios for services and marine

~Asathal Kaalai with AnAnD!
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