The Straits Times
The second is the introduction of a beefed-up permanent GST Voucher scheme, which will support lower-income households even after payouts from the Assurance Package end.1. Adult Singaporeans to get total cash payouts of $700 to $1,600 These rebates apply to people living in Housing Board flats, and will be credited from January next year along with the regular GST Voucher U-Save rebate.When payouts from the Assurance Package end in 2026, the beefed-up GST Voucher scheme will continue to offset expenses for lower-income and retiree households.
The rebates apply to Singaporean households living in HDB flats, and will be paid out in four tranches starting in April.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Budget 2022: GST increase to be staggered over 2 years, starting from Jan 2023SINGAPORE — The Goods and Services Tax (GST) will be increased progressively, rising to 8 per cent with effect from Jan 1, 2023, and going up again to 9 per cent in 2024, Finance Minister Lawrence Wong announced on Friday (Feb 18).
Source: TODAYonline - 🏆 1. / 99 Read more »
From a GST hike to CDC vouchers: 9 things you need to know about Budget 2022SINGAPORE: An anticipated hike in the Goods and Service Tax (GST), as well as higher CPF contributions for older workers, were among the key announcements by Finance Minister Lawrence Wong in his Budget 2022 speech on Friday (Feb 18). Delivering his first Budget statement, with the theme “chart
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Budget 2022: GST will go up to 8% next year, then 9% from 2024; extra S$640 million to cushion impactSINGAPORE: The Government will delay the planned Goods and Services Tax (GST) hike to 2023 and stagger the increase in two steps, Finance Minister Lawrence Wong said in his Budget speech on Friday (Feb 18). The first increase from 7 per cent to 8 per cent will take place on Jan 1, 2023, and the second incr holiday in spore after 2023 isnt much happier, might need other places to spend on food as we pay their citizen to live rather than we pay for the food itself. Who’s idea is this? Realistic?
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Budget 2022: Assurance Package to offset GST hike increased to S$6.6 billion, with cash payouts for all S'porean adultsSINGAPORE — All Singaporeans aged 21 and above will receive cash payouts of up to S$1,600, which will be distributed over the next five years, to help them deal with the impending increase in the Goods and Services Tax (GST), said Finance Minister Lawrence Wong on Friday (Feb 18). and pay it back via all the taxes Thank you foreign residents to pay for all that 👍 Kns
Source: TODAYonline - 🏆 1. / 99 Read more »