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Fortitude Budget – Rental Relief Framework for Small and Medium Enterprises in Singapore

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Date Published: 6 July 2020

Presented by: Jimmy Yap and Cinda Sim.
An extraordinary effort in an extraordinary time to catch every segment of the social and economic fabric of Singapore. That sums up the four Budgets that have been announced in the Singapore Parliament from February to May 2020. Supplemental Budget Statements have been issued along the way to further enhance the measures announced in the main Budgets. Buyers of residential properties from private developers and the HDB are now afforded relief from hardship caused by COVID-19. Another segment that will receive more help are the Small and Medium Enterprises (SMEs). Why SMEs? Read on to find out why, and what constitutes an SME, what additional help is available and how to tap on that additional help under the fourth and latest (Fortitude) Budget.

 

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This article is provided to you for general information and should not be relied upon as legal advice. The editor and the contributing authors do not guarantee the accuracy of the contents and expressly disclaim any and all liability to any person in respect of the consequences of anything done or permitted to be done or omitted to be done wholly or partly in reliance upon the whole or any part of the contents.

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