For who?

• All Singapore-registered companies, sole-proprietors and partnerships which are small and medium enterprises (SMEs).
  
  
• Your business qualifies as a SME if:
  
  
  • your fixed assets are worth S$0 - S$15M*
  • you have 0 - 200 employees (for non-manufacturing companies)*

For what?

• To help SMEs adjust to rising costs due to the increase in Central Provident Fund (CPF) employer contributions.

How much?

• The rebates are pegged to the total employer and employee contributions made by the SME to CPF Board over two years between 1 July 2007 and 30 June 2009.
  
  First Year: 1 July 2007 - 30 June 2008
  

  Total CPF Contribution Made In The First Year	Amount Of Cash Rebate
  First S$40,000	2% of the total CPF contribution, up to a maximum of S$800
  Next S$40,000	1% of the total CPF contribution, up to a maximum of S$400

  
  Second Year: 1 July 2008 - 30 June 2009
  

  Total CPF Contribution Made In The First Year	Amount Of Cash Rebate
  First S$40,000	1% of the total CPF contribution, up to a maximum of S$400
  Next S$40,000	0.5% of the total CPF contribution, up to a maximum of S$200

Things to note

• There are two periods for applications:
  
  1 July 2007 – 31 July 2008
  If you apply during this period, you will qualify for the rebates for both years. You do not need to re-apply for the second year.
  
  1 August 2008 – 31 July 2009
  If you apply during this period, you will qualify for the rebates for the second year only.