In the wake of COVID-19, here are the available schemes to give your businesses immediate support and relief.
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 (September 2020 to March 2021).
In Budget 2021, JSS was extended by up to 6 months from April 2021 to September 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).
Find out more at IRAS or check for eligibility here.
Wage increases are co-funded by the Government under WCS. An additional $500 million has been disbursed, on top of $600m disbursed in March 2020. WCS has been extended by one year to 2021 with the government co-funding 15% and the qualifying gross wage ceiling set at $5,000.
Increase in CPF contribution rates for senior workers deferred by 1 year, from 1 January 2021 to 1 January 2022.
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.
Download PDF for Season Parking Waiver Extension details.
Download PDF for Season Parking Waiver Extension FAQ.