Get a grant to defray the cost of purchasing and setting up accounting software listed in the Inland Revenue Authority of Singapore (IRAS) Accounting Software Register. 

For who?

• Your business qualifies as long as:
  
  
  • you are Goods and Services Tax (GST) registered
  • 30% – 100% of your shareholding is local
  • your group fixed assets are worth S$0 – S$15 million*
  • you have 0 – 200 employees (for companies in the services sector)*
  • your business is currently not using any accounting software or system, and you have not obtained or will be obtaining any other Government grant for the purchase or use of accounting software, including the GST Assistance Scheme from SPRING Singapore

* Computed on a group basis i.e. checking up to 3 levels for corporate shareholders holding 20% – 100% of the total shareholding in your company and 1 level down where your company owns 51% – 100% of the shareholding in a subsidiary company.

For what?

• To defray part of the cost of setting up an accounting software that complies with IRAS' Guide on Accounting Software for Software Developers (ZIP). A list of compliance software products can be found in IRAS' Accounting Software Register.
  

How much?

• The maximum grant amount is S$1,500 per company. It can be used to cover up to 50% of:
  
  
  • accounting software
  • cost related to installation, deployment and training on the use of the accounting software

Things to note

• This grant is valid for application from 1 July 2009 to 31 March 2012.
  
  
• You must submit the application form to Infocomm Development Authority of Singapore (IDA) and await IDA's approval before purchasing the accounting software.
  
  
• This grant is given on a reimbursement basis.  Full and complete payment of all costs involved must be made prior to claim submission.

For more info

Infocomm@SME – Accounting Software Assistance Scheme
Infocomm Development Authority of Singapore