Question

Mr Christopher de Souza: To ask the Deputy Prime Minister and Minister for Trade and Industry whether the process of registering for a CorpPass account can be simplified or streamlined to ease the claims process for those who utilise their employers’ SkillsFuture Enterprise Credit.

Written Answer by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong

1. The SkillsFuture Enterprise Credit, or SFEC, rides on various base enterprise support schemes, some of which require CorpPass to apply.

2. The approval process for a CorpPass account requires minimal additional information and applicants can expect an approval within five working days once the necessary information has been provided.

3. After the company has successfully applied for the base scheme, they do not need to separately apply for SFEC. The Inland Revenue Authority of Singapore will automatically reimburse eligible companies and CorpPass is not required.