Claim up to
Software Assistance Scheme to buy an accounting software...
From 1 July 2009 till 31
March 2012, you can apply for a grant to
defray the costs of using accounting software
that complies with the Inland Revenue Authority
of Singapore's (IRAS) e-Tax Guide.
want to know:
- How does A21 Financial Accounting help my
- What is the mechanism of this
- How do we qualify, and can we claim up to 100%
We have the answers for
Fill up the form below to arrange
for an appointment.
- Accounting Software Assistance Scheme
This is an assistance scheme for SMEs that are registered for Goods-and-Services
Tax (GST) to purchase and put into use the
accounting software listed under the IRAS
Accounting Software Register.
All businesses that are registered for Goods-and-Services
Tax (GST) with IRAS and wish to set up or
improve their accounting system.
To defray part of the costs to setting up an
accounting system in your company
How to qualify?
- Your business must be registered or
incorporated in Singapore with:
Local equity/shareholding of at
Group fixed assets worth less than
Group employment of less than 200
(for companies in the
Your business is GST-registered and will
remain GST-registered for 12 months or more
after your application for this assistance
scheme. For information on getting your
business registered for GST, you can refer
to the IRAS website to find out the
pre-requisites and process for GST
The business is currently not using any
accounting software or system, and the
business has not applied for, obtained, or
will be obtaining any other tax/financial
assistance (i.e. subsidy/grant) for software
performing the same function.
The accounting software must be listed
in the IRASí Accounting Software Register.
business must email a copy of the IRAS Audit
File (IAF) generated by the accounting
software which covers data for one GST
prescribed accounting period, to IRAS.
* Computed on a group basis i.e. checking up to
3 levels for corporate
shareholders holding 20%
or more of the total shareholding in the company
and 1 level down where the company holds more
than 50% of the shareholding
in a subsidiary
# Details of the scheme are
subjected to changes according to IDA and IRAS.
The Accounting Software Scheme defrays up to
50% of the qualifying costs of the following
items, capped at S$1,500 per SME:
- Accounting software listed in IRAS
Accounting Software Register
- Installation/deployment of the
accounting software, and
- Training on the use of the accounting
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
To know more about
the grant, please fill in the form below: