Government measures in key jurisdictions 4th edition - Flipbook - Page 109
Singapore
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The Self-Employed Person Income Relief Scheme provides quarterly cash payouts of
SGD3,000 in May, July and October 2020 to eligible self-employed persons (“SEP”),
if the SEP meets certain criteria.
Businesses
The Jobs Support Scheme (“JSS”) provide wage support to employers to assist them in retaining
their local employees.
109
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The Government will co-fund 75% of the first SGD4,600 of gross monthly wages paid to each local
employee until August 2020.
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The Government will co-fund the first SGD4,600 of gross monthly wages paid to each local
employee for the months of May to December 2020. The level of co-funding ranges from 75% for
sectors classified as Tier 1, 50% for sectors classified as Tier 2 and 25% for sectors classified as Tier 3:
- Tier 1 is the aviation and tourism sector, which include airlines, airport ground handlers, airport
operators, qualifying licensed hotels, qualifying licensed travel agents, qualifying gated tourist
attractions, cruise lines and cruise terminal operators, venue operators of purpose-built meetings,
incentives, conferences and exhibitions. As of 26 May 2020, Tier 1 also includes all businesses that
are unable to reopen on 2 June 2020, lasting until August 2020 or the date they can reopen,
whichever is earlier. Upon resuming operations, JSS payouts will revert to the base tier on a pro-rata
basis. New additions to Tier 1 also include: aerospace, airline fleet services, and operators providing
pilot and crew training; tourism event organisers; money changers; regional ferry operators; central
refund agencies; built environment contractors and consultants (for June to August 2020 wages).
- Tier 2 is the food services sector, which include licensed food shops and food stalls. As
of 26 May 2020, Tier 2 includes: retail; arts and entertainment; land transport; and
marine and offshore sectors.
- Tier 3 is all other sectors not falling within Tiers 1or 2.
- Businesses that could not reopen on 2 June 2020 will receive up to 2 months’ additional Foreign
Worker Levy waiver and rebate. For June 2020, this will be a 100% waiver and a $750 rebate – these
will be halved in July 2020 (i.e. 50% waiver and $375 rebate).
- After August 2020, the JSS will be extended to cover wages paid up to March 2021. The support
will vary based on sectors:
Sectors
Extended Support
Aerospace, aviation, tourism sectors
50% of wages paid for seven more
months
Built environment sector
50% of wages paid for two more
months, before lowering to 30% for
wages paid up to March 2021
Arts and entertainment, food services,
land transport, marine and offshore, and
retail sectors
30% of wages paid for seven more
months
For the large majority of the
remaining sectors
10% of wages paid for seven more
months
For the few sectors that are managing
well, such as biomedical sciences,
financial services, and ICT sectors
10% of wages paid for four more
months, for wages paid up to
December 2020
Government measures in key jurisdictions