Immediate Schemes

Immediate Schemes

  • Jobs Support Scheme (JSS)

    • To help employers retain workers, Government will co-fund the first $4,600 of gross monthly wages paid to each local employee for 10 months, with payouts in April, May, July, and October 2020
    • Firms not allowed to resume operations to get 75% wage support until August 2020 or when allowed to reopen, whichever is earlier
    • For other qualifying months, Government will pay:
      • 75% for aviation, tourism, built environment, aerospace and MICE organisers sectors
      • 50% for the food services, retail, arts & entertainment, marine & offshore and land transport sectors
      • 25% for all other firms
    Eligibility

  • Enhanced Wage Credit Scheme (WCS)

    • Additional $500m for employees’ wage increases, on top of $600m disbursed in March 2020
    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
    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
    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
    NEA Rebate Details
    HDB Rebate Details
    SLA Rebate Details
    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
    More Info

  • Corporate Income Tax Rebate

    • Corporate Income Tax Rebate for YA2020
      • 25% of tax payable, capped at $15,000 per company
    More Info

  • Foreign Worker Levy (FWL) Waiver

    • Extended by up to 2 months for businesses that are not allowed to resume operations after the circuit breaker
      • 100% waiver and $750 rebate in June 2020
      • 50% waiver and $375 rebate in July 2020

  • 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

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