Part 6/10:
While many of the COVID-19 relief schemes introduced in 2020—such as the Enhanced Financing Scheme (EFS), SME working capital loans, and trade loans—will likely be phased out, there remains a focus on extending or tweaking these support measures to aid ongoing recovery.
Cash Flow Assistance and Tax Reliefs
The government is expected to continue offering support through:
Extensions or enhancements of existing schemes aimed at cash flow support.
Tax relief measures—including carry-back relief for losses, interest-free installment plans for taxes, and property tax rebates—to help businesses manage their financial pressures.