GST Voucher

2022 - 6 - 21

1.5 million Singaporeans to get up to S$300 cash in special GST ... (CNA)

All Singaporean households will also receive a S$100 utilities credit by September to help offset their bills, announced Mr Wong. “In the Budget, I've already ...

But they are still not enough and that’s why we have to raise the GST,” he added. “At the same time, it’s also important that we move forward in a fiscally responsible and sustainable manner. “And that’s why we have to accelerate, not slow down, our economic reforms. “The inflation situation will eventually stabilise both globally and within Singapore. But for now, we must expect price increases to continue in the coming months. “I know many Singaporeans are concerned about the immediate issues of rising prices and the cost of living. “Nevertheless, as a small and open economy, we have not been spared from the effects of higher prices.

$1.5b package to help S'poreans cope with inflation; $100 utilities ... (The Straits Times)

Lower-income families and vulnerable groups will receive an additional GST Voucher - Cash Special Payment of up to $300. Read more at straitstimes.com.

The Enterprise Financing Scheme – Trade Loan will also be enhanced to support local enterprises with cashflow concerns. He said: "But please understand that the challenges before us are not just about inflation. The maximum loan quantum will be increased from $5 million to $10 million from July 1 to March 31 next year and the Government will continue to provide 70 per cent risk-share for the scheme during this period. Firms can also tap the Temporary Bridging Loan Programme, which provides access to working capital for business needs, from now till end-September. After it expires, the Enterprise Financing Scheme – SME Working Capital Loan will also be enhanced, with the maximum loan quantum increased from $300,000 to $500,000 from Oct 1 to next March. It will also fund 45 per cent, up from 30 per cent, for employees with gross monthly wages of above $2,500 and up to $3,000. The Government will also co-fund 75 per cent of eligible wage increases this year, up from 50 per cent previously, for resident employees with gross monthly wages up to $2,500.

1.5 Million S'poreans To Receive Up To S$300 GST Voucher, Will ... (Must Share News)

With the previously-announced GST Voucher-Cash (GSTV-Cash) voucher, eligible Singaporeans can get up to S$700 in August. GST Vouchers will help vulnerable ...

In particular, energy prices is expected to remain “elevated” for the remainder of 2022. The government has announced several initiatives to help them with their daily expenditures. We hope the support measures will be enough to tide residents through the uncertain times ahead. In total, the support package announced on Tuesday (21 Jun) will amount to S$1.5 billion and will be funded by a “ better than expected fiscal outtrun” for FY2021. As for lower-income households, the effects of the GST increase will not be felt for at least 10 years, said the Finance Minister. With the GST Voucher – Cash announced earlier this year, eligible workers can receive up to S$700 in support in August.

About 1.5 million S'poreans will receive up to S$300 cash in Aug ... (Mothership.sg)

Around 1.5 million Singaporeans will receive up to S$300 under a special GST voucher payment in August 2022, Deputy Prime Minister Lawrence Wong announced on ...

If you like what you read, follow us on Telegram to get the latest updates. Recipients of the GST vouchers can therefore expect to receive up to S$700 in August. This payment will be made on top of the regular GST Voucher - Cash of up to S$400 that had been announced earlier in 2022, The Straits Times reported.

About 1.5M S'poreans to receive up to S$300 cash in August on top ... (Vulcan Post)

Minister for Finance Lawrence Wong announced today (June 21) that about 1.5 million Singaporeans will receive up to S$300 cash in a special GST Voucher ...

This is on top of the regular GSTV-Cash amounts they were meant to receive in 2022. The enhanced Assurance Package, announced in 2020, is meant to cover at least five years of additional GST expenses for the majority of Singaporean households, and about 10 years for lower-income households. In total, GSTV-Cash recipients will receive up to S$700 in August this year

Singapore's $1.5 billion inflation support package to help workers ... (Yahoo Singapore News)

The Singapore government on Tuesday (21 June) announced a S$1.5 billion support package to help businesses and residents cope with inflation.

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All Singaporean households to receive $100 utilities credit by Sep (Youthopia)

About 1.5 million lower-income to middle-income Singaporeans, as well as retirees without income, will also receive up to $300 cash in a special GST Voucher ...

The amount of assistance will vary, depending on the household’s composition, needs, and income. Households with more members will receive more. So this time, I will provide a one-off $100 household utilities credit to all Singaporean households, including those living in private property,” Mr Wong added.

1.5m eligible adult S'poreans to each get up to S$300 cash, as part ... (TODAY)

Eligible adult Singaporeans will receive a one-off GST Voucher cash special payment of up to S$300, as part of a S$1.5 billion package to help more ...

A higher cash assistance and support for utilities will also be given under the ComCare Short-to-Medium Term Assistance scheme. On top of helping families, the package will also provide support for businesses, workers and self-employed persons. This is why I decided to introduce a new S$1.5 billion support package to provide immediate and targeted relief for Singaporeans." Drivers of combi-buses and limousines, as well as delivery drivers and riders, will be eligible to apply for the labour movement's freelancers and self-employed scheme, also known as the NTUC U FSE Relief Scheme, in which they may receive cash relief of up to S$300 if successful. The co-funding will be bumped up from 30 per cent to 35 per cent for employees with a gross monthly wage of between S$2,500 and S$3,000. Those owning multiple properties are not eligible.

GST Voucher

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