Insights from our partners, OSK.
Employment Wage Subsidy Scheme (EWSS) – Important update from 1 January 2021
From 1 January 2021, the period for determining eligibility for EWSS will be Q1 and Q2 of 2021 compared with the same period in 2019.
To qualify for the EWSS, as well as having tax clearance, employers must demonstrate that their business will experience a 30% reduction in turnover or customer orders as a result of COVID-19.The rate of subsidy under the Employer Wage Subsidy Scheme was revised last October to support businesses impacted with Level 5 restrictions. The Government have extended the enhanced rate of subsidy until the end of March 2021 to cover the current period of public health restrictions.