Immediate Schemes

Immediate Schemes

Jobs Support Scheme (JSS)

• 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).
• As announced on 17 August 2020 Ministerial Statement, JSS will be extended by up to 7 months, covering wages paid up to March 2021.
• 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).
• Employers will receive 5 main JSS payouts in April, July, October 2020, and in March, and June 2021 (with an additional special payout in May 2020).
• For extended qualifying months, Government will pay:
  • 50% for firms in the aerospace, aviation, and tourism sectors
  • 50% for the built environment sector for the subsequent 2 months, followed by 30% for remaining 5 months
  • 30% for the arts and entertainment, food services, land transport, marine and offshore, and retail sectors
  • 10% for the few sectors that are managing well, such as biomedical sciences, financial services, and ICT sectors for the subsequent 4 months up to December 2020
  • 10% for all other firms

Click here to check for eligibility.

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