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Accounting and Corporate Regulatory Authority

Productivity Solutions Grant (PSG) for the accountancy sector

Get up to 50% in funding to adopt digital solutions for your accounting practice. Learn about eligibility, covered solutions, and how to apply.

Last updated 31 January 2026

On this page

About the grant
What the grant covers
Funding amount
Applying for the PSG

About the grant

Get funding support to adopt digital solutions that improve your accounting practice's efficiency and capabilities.

This grant helps small and medium-sized accounting practices digitalise their operations.

What the grant covers

Get funding to adopt digital solutions in these areas:

  • External audit management

  • Taxation management

  • Corporate secretariat management

  • Practice management

  • Data analytics

Funding amount

This amount depends on whether you have used digital solutions under the Digital Transformation for Accountancy (DTACT) programme.

Eligibility criteria

Scenario

Funding available

You have never used DTACT

Up to 50% of eligible costs, capped at $30,000 per firm

You used DTACT before, and your current PSG application is for a:

  • Different solution category; and

  • Different solution

Up to 30% of eligible costs, capped at $30,000 per firm

You used DTACT before, and your current PSG application is for the:

  • Same solution category; or

  • Same solution

No funding available

Note: Eligible costs include software licences, subscription fees, professional services, and training directly related to the approved solution.

Applying for the PSG

Who can apply

Your accounting practice can apply if you meet all of these requirements:

  • Your business is registered in Singapore.

  • You must use the digital solution in Singapore.

  • Your firm qualifies as a small and medium-sized practice (SMP) through either criterion:

    • Annual group sales turnover of $100 million or less.

    • Group employment size of 200 workers or fewer.

  • Your primary or secondary Singapore Standard Industrial Classification (SSIC) code starts with 692. This code identifies practices that provide accounting, bookkeeping, auditing and/or tax consultancy services.

  • You have at least 30% local shareholding.

  • You have not made any payment to a supplier, vendor, or third party for the digital solution.

  • You have not signed or confirmed any contract or purchase order for the digital solution.

Before you apply

You need a Corppass account to apply. If you do not have one, sign up for Corppass.

You should also:

  1. Find solutions and vendors that suit your business needs from the PSG website.

  2. Get a quotation from the pre-approved vendor.

  3. Prepare the required documents.

PSG: Required documents

Documents

Details

Contact details


  • Main contact person

  • Letter of offer addressee (must be the CEO or managing director as registered with ACRA, or other authorised person)

Proposal details

  • Vendor name and details of the equipment or IT solution

  • Vendor's quotation

  • Supporting licences or documents (if applicable)

  • Deployment location or tenancy agreement (if applicable)

Cost breakdown

  • Details of project cost

Business impact


  • Detailed description of overall impact

  • Details of productivity gains

How to apply

The application period has been extended to 31 March 2026.

  1. Open the Business Grants Portal.

  2. Log in with your Corppass account.

  3. Follow the step-by-step guide to apply for the PSG.

After you apply

Claiming your funds

What you need to know

Details

Submitting your claims

When you can claim

You can claim reimbursement when your solution meets all these conditions:

  • You have paid in full for the first-year or second-year subscription.

  • You have received and accepted the letter of offer for the PSG.

  • You have implemented the solution.

  • First claim: You have used the solution for at least six months after your grant approval or solution implementation, whichever is earlier.

  • Second claim: You have used the solution for at least 18 months after your grant approval or solution implementation, whichever is earlier.

How to claim

  1. Open the Business Grants Portal.

  2. Submit your claims and supporting documents:

Receiving your funds

After your claim is approved, you will receive your funds through Paynow Corporate.

Register for PayNow Corporate with your unique entity number (UEN) through your bank.