Claim Submission Period#(Claim to be submitted by entity through the IBF Portal)
Note: IBF Credit will not be applicable for programmes commencing after 30 June 2021 and completing after 30 September 2021.
(i)Enhanced Course Fee Subsidy and IBF Credit
GIRO to FI’s or SFA certified FinTech Firm’s corporate bank account
Training Allowance Grant (Submission by FTP/FI/FinTech Firms)
Please refer to the Terms of Reference for Auditors and Internal Compliance Departments
Self-Sponsored claimsAll programme fees claimed can
include Singapore GST.
Company-sponsored claimsAll programme fees or eligible expenses claimed should
exclude Singapore GST.
If GST is not separately reflected in the invoices, checks should be done to ascertain if the training provider is a GST-registered entity for which GST has already been subsumed in the costs. If so, the GST amount should be excluded from the claim.
Claimants should not be claiming for any other grants, subsidies, or tax concessions, provided either by the Financial Sector Development Fund (FSDF) and/or other government agencies, unless explicitly permitted.
To apply for an IBF Portal account, plase click