The Jobs Growth Incentive (JGI) supports employers to accelerate their hiring of local workforce over the next six months, from September 2020 to February 2021 (inclusive), so as to create good and long-term jobs for locals.
The JGI will provide one year of salary support for each new local hire by employers that managed to increase their local workforce from September 2020 to February 2021 (inclusive).
Local workforce: Singapore Citizens and Singapore Permanent Residents.
What is the JGI?
Who is eligible for the JGI?
The following employers are not eligible:
a. Employers established on or after 17 August 2020
b. Dormant employers, e.g. No business done, not in operations, various inactive business status, in the midst of Struck off, Struck off, In Liquidation etc.
c. Local Government Agencies including Organs of State, Ministries and Departments, Statutory Boards
d. Government and Government-Aided Schools
e. PA Services and Grassroot Units
f. High Commissions, Embassies, Trade Offices, Consulate
g. Unregistered Local/Foreign Entities
h. Foreign Military Units
i. Representative offices of:
I. Foreign companies
II. Foreign Government Agencies
III. Foreign Trade Associations/ Foreign Chambers/ Foreign Non-profit Organisations
IV. Foreign Law Practices
j. Bank Representative Offices/Insurance Representative Officers/Other Financial Representative Offices (registered with MAS)
k. News Bureaus (which are representative offices)
l. International Organisations
m. Entities which pay CPF but are not registered in Singapore
How does one apply for the JGI?
When will one receive their JGI payout?
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For any query, support or feedback, reach us at Singapore Setting up & Compliance or WA us at +91-9230033070 or Call us at 1800-102-7550
In these troubled times -COVID-19, we, at Taxmantra Global urge you to stay safe – social distancing, personal hygiene and health care are of utmost importance! Stay safe!
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