Immediate Schemes
Immediate Schemes
Jobs Support Scheme (JSS)(Extension for employers in Tier 1 and 2 sectors)
- To help employers retain workers, the Government co-funds between 25% to 75% of the first $4,600 of gross monthly wages paid to each local employee in a 10-month period (up to August 2020).
- The Government will co-fund between 10% to 50% of the first $4,600 of gross monthly wages paid to each local employee in the subsequent 7-month period (Sep 2020 to Mar 2021).
- In Budget 2021, JSS was extended by up to 6 months from Apr 2021 to Sep 2021 for firms in Tiers 1 and 2 sectors, with a co-funding at 10% to 30%.
- Employers will receive up to 7 main JSS payouts in April, July, October 2020, and in March, June, September, and December 2021 (with an additional special payout in May 2020).
Click here to check for eligibility.
Click here for more information.
Enhanced Wage Credit Scheme (WCS)
- Additional $500m for employees’ wage increases, on top of $600m disbursed in March 2020
Click here to check for eligibility.
Deferment of Income Tax Payments
- Automatically defer income tax payments for 3 months, for companies and self-employed persons (SEPs)
- Companies: tax due from April to June 2020 payable only from July to September 2020
Click here to check your deferment date.
Property Tax Rebate for 2020
- 100% rebate for qualifying commercial properties
- 60% rebate for the Integrated Resorts
- 30% rebate for other non-residential properties
- Laws to ensure property owners pass on Property Tax rebate to tenants
Click here for New Bill.
Rental Waivers
- 5 months’ rental waiver for stallholders in hawker centres and markets, with a minimum waiver of $200 per month
- 4 months’ rental waiver for commercial tenants in government-owned/managed residential premises
- 2 months’ rental waiver for non-resident tenants in government-owned/managed residential premises
Click here for NEA Rebate Details.
Click here for HDB Rebate Details.
Click here for SLA Rebate Details.
Click here for MCCY Rebate Details.
Government Cash Grant for SME Tenants in Private Properties
- Automatically disbursed to qualifying property owners from end-July 2020
- Cash grant of ~0.8 month’s of rent for qualifying commercial property owners
- Cash grant of ~0.64 month’s of rent for qualifying non-residential property owners, e.g. industrial and office properties
Click here for more information.
Corporate Income Tax Rebate
- Corporate Income Tax Rebate for YA2020
- 25% of tax payable, capped at $15,000 per company
Click here for more information.
Deferment of Higher CPF Contribution Rates
- Increase in CPF contribution rates for senior workers deferred by 1 year, from 1 January 2021 to 1 January 2022
Season Parking Waiver for Private Bus Season Parking Holders
- On 26 March 2020, the government announced the Private Bus Support Package (PBSP). As part of the PBSP, private bus (including coach) season parking pass holders at all Government-owned car parks received a 6-month waiver of season parking fees from 1 May to 31 October 2020.
- With effect from 31 October 2020, this season parking waiver will be extended till 31 March 2021.
Click here for more information.
Click here for FAQs.