Grant Resources
Offset training and transformation costs with available grants.
Training Grant Report
For CCP/PNT/PD grant recipients that have successfully fulfilled all deliverables and outcome within the Period of Funding stipulated in the Letter of Award, please complete and submit the following documents (where relevant) to e2i in accordance to the submission timeline stipulated in your Letter of Award:
Statement of Grant Claim
Income & Expenditure Statement
Income Tax Treatment of WSG Grants to CET Partners and Employers
Taxability of Grants to Business
The nature of a grant and its taxability is dependent on the purpose of 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.
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”.
