Human Capital

Invest in talent to drive your business forward

Skills Future Enterprise Credit (SFEC)
  • To encourage employers to undertake enterprise and workforce transformation initiatives in tandem
  • Coverage of SFEC will be expanded through an adjustment to the eligibility criteria for the qualifying period of 1 Jan 2021 to 31 Dec 2021
    • Minimum Skills Development Levy (SDL) contribution requirement will be removed for the qualifying period of 1 Jan 2021 – 31 Dec 2021; employers with inactive ACRA status during the qualification process and/or employers who have defaulted on their SDL payment during the qualifying period will be excluded
    • Requirement of employing at least three local (Singapore Citizens or Permanent Residents) employees every month over the qualifying period remains
    • Employers must not have previously qualified for SFEC, in any of the earlier periods
  • Newly qualified employers will be notified in Apr 2022
  • Deadline to claim credit for employers, (including those that previously qualified) will be extended by one year to 30 Jun 2024

For more information, please click here.

 

 
Useful Resources