Sample Grant Certification Note
Companies/Employers who tap on e2i’s Grant to run programmes costing above $100,000 are required to submit an externally audited Grant Certification Note for the programme. The Grant Certification Note has to be submitted within 3 months from the end of each programme year, and up to a maximum of 6 months from the end of the funding period. For the avoidance of doubt, Companies/Employers shall also submit the Grant Certification Note in all cases where the Company/Employer is disqualified from receiving the Grant and when the Company/Employer chooses to withdraw the Programme from the Grant.
Please download Sample Grant Certification Note for a sample of the Grant Certification Note to be submitted to e2i if your company’s programme:
• Costs above $100,000 and;
• Taps on e2i Training Grant / Uplift Standards for Cleaning Sector scheme
Sample Financial Audit Report
Companies/Employers who tap on e2i’s Grant to run programmes costing above $5 million are required to submit an externally audited financial audit report, in addition to the Grant Certification Note. The financial audit report has to be submitted within 3 months from the end of each programme year, and up to a maximum of 6 months from the end of the funding period. For the avoidance of doubt, Companies/Employers shall also submit the financial audit report and Grant Certification Note in all cases where the Company/Employer is disqualified from receiving the Grant and when the Company/Employer chooses to withdraw the Programme from the Grant.
Please download Sample Financial Audit Report for a sample of the financial audit report to be submitted to e2i if your company’s programme:
• Costs above $5 million and;
• Taps on e2i Training Grant
Letter of Withdrawal
Companies/Employers who tap on e2i’s Grant to run programmes, and wish to withdraw the programme from the grant prior to its completion will have to write to e2i with its reasons for withdrawal. Please download and complete Letter of Withdrawal template if you are a company/employer who wish to withdraw an existing programme with e2i under the following:
• Best Sourcing Initiative
• Inclusive Growth Programme
• e2i Training Grant
• Uplift Standards for Cleaning Sector
*Note: All amounts received under the Grant (including interest on the sum, if any) prior to the termination of the project will have to be repaid to e2i.
Income Tax Treatment of WSG Grants to CET Partners and Employers
Taxability of Grants to Businesses. The nature of a grant, and its taxability is dependent on the purpose for giving the grant (i.e. the grantor’s motive). In general, all grants extended to businesses are taxable, except for grants that are capital1 in nature (see Table 1).
Table 1: Taxability of Grants from Ministries and Statutory Boards
|Grantor’s Motive||Nature of Grant||Tax Implication||Example|
|(i)||To supplement income or defray operating costs||Revenue||Taxable||Grants for training employees or meeting rental expenses|
|(ii)||To fund infrastructure or fixed asset investments||Capital||Not taxable||Grants for acquiring machinery|
|(iii)||To fund project without stating specifically whether funding is to defray operating costs (i) or to fund infrastructure (ii)||Revenue|||Taxable||Grants for funding a project without stating whether it is to be used specifically for training employees or acquiring machinery (hybrid grants2 )|
1Generally, grants disbursed to businesses specifically earmarked for funding of infrastructure or fixed asset investments are considered capital in nature.
2Subject to the achievement of certain desired outcomes, a Ministry or Statutory Board may allow the freedom to utilise the approved funds as they deemed fit. Such grants or financial support are otherwise known as “hybrid grants”.
Companies that buy outsourced services (i.e. service buyers) can influence the employment practices of the service providers. This is particularly true for cleaning, security and landscaping services, which are commonly outsourced services that employ a significant number of low-wage workers (LWWs).
Tripartite Advisory on Best Sourcing Practices
To help service buyers outsource responsibly, MOM and its tripartite partners released a Tripartite Advisory on Responsible Outsourcing Practices in March 2008. The advisory was updated in January 2012 and renamed as the Tripartite Advisory on Best Sourcing Practices to encourage service buyers to outsource responsibly and adopt best practices when doing so. The changes take into account feedback gathered from industry stakeholders, unions, workers and the public.
For more Information