A corporate tax rebate, delayed planned GST increase, and extending training grants. These are the top three measures European companies ask from Singapore to get through the Covid-19 crisis.
This is revealed in a survey conducted by the European Chamber of Commerce, Singapore (EuroCham). The purpose of the survey is to address concerns to the Singapore government agencies and to show how the authority may provide support.
Read the full report from Eurocham here
Quote from the survey:
Besides training and upskilling, more research opportunities and projects should be provided to companies to equip companies to become more competitive after the Covid-19 situation is over.