Singapore Government Grants for SMEs

IF cost is holding you back from doing something as important as accounting, it shouldn’t be. Your business success hinges on you doing it efficiently and correctly. Even the government thinks this way, which is why they are providing subsidies for you to use our IRAS approved software. For each of the grants, we have had examples of successful claims.


From the Years of Assessment (YAs) 2013 to 2018, SMEs can enjoy 400% tax deductions or allowances and/or 60% cash payout for investments made in any of the Six Qualifying Activities under the PIC Scheme. All Kingdee products are considered as “Acquisition of PIC IT and automation equipment” under the SIX Qualifying Activities. Hence your company is eligible for PIC Scheme with the implementation of our accounting & business software. Your business would have to fulfil the criteria of having 3 local staff in the company. The expenses cap is at six hundred thousand dollars a year.


ICV or Innovation and Capabilities Voucher is meant to encourage your organization to improve on its productivity through the use of technology. SMEs are allowed to claim up to two ICV vouchers valued at $5000 each. In the list of 30 integrated solutions covered under the scheme, accounting management system is one of them. Kingdee software is a full fletched solution capable of performing the functions expected of a holistic accounting management system. For more information, click here.


Up to 31 Mar 2018, you can utilize CDG to defray 70% of costs of projects in different areas, one being financial management. Even professional consultation, training and software implementation costs will be encompassed. The subsidies can go up to $30, 000 and involve relatively uncomplicated application. For more information, click here.


IDA introduced the concept of pre-qualified infocomm packages supportable under iSPRINT. For INTERMEDIATE Packaged Solutions, enterprises are eligible to claim up to 70% of qualifying costs, capped at $20,000 in the areas of software purchasing, consultation & training. While for SECTOR Solutions, up to 70% of qualifying costs will be reimbursed upfront directly to vendors by IDA.

We are happy to say that Kingdee K3 ERP system has been covered under iSPRINT as a section solution. We look forward to help more clients in deploying our accounting & business software into their business operation. (Click here to find the Kingdee package details for iSPRINT)

With a host of 4 various government grants aimed at helping you implement our software solution, you are able to enjoy huge amount of savings. 1,000,000 enterprise clients are already using Kingdee worldwide, request for your free trial today.

Understand how can our products benefit your business by utilizing government grants?
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Products interested:  Kingdee KIS Kingdee K/3 Kingdee K/3 Cloud Kingdee EAS Jedox BI