The BuildSG Transformation Fund (BTF) brings together the various industry development support schemes managed by BCA under one umbrella. BTF facilitates transformation plans for built environment firms under key Built Environment Industry Transformation Map (ITM) areas, as well as enables individuals to tackle the key transformation areas through upskilling and training.
Grants or financial support offered by government bodies, including BCA, may be subject to income tax in the hands of the recipients (learn more about the tax treatment of grants here). Generally, a grant is taxable if it is given to supplement trading receipts or to defray operating expenses of the company (i.e. grant is revenue in nature). On the other hand, a grant is generally not taxable if it is given to acquire capital assets of the company (i.e. grant is capital in nature). Please refer to the PDF below for the tax treatment of BCA’s grants.
For other enquiries, please write to us here to find out more on the BTF. BCA will continue to enhance the BTF to ensure its relevance to the Built Environment ITM, and seek feedback from our partners to align it with the industry's needs.
For more information, please contact:
• Tel: 1800-342-5222
• Submit an online enquiry