Below is the comprehensive summary of the major enhancements.
1. Supporting Workers
Job Support Scheme (JSS)
- * For directly affected sectors such as aviation, tourism and food sector, the government will provide a higher wage co-funding of 50%-75%.
- * For other sectors, there will be 25% (up from 8%) co-funding of local workers’ wages until December 2020.
Payouts will be in May, July and October, and those earning up to $4,600 monthly will qualify.
Wage Credit Scheme
Additional payouts will be brought forward from September to End June 2020.
Skillsfuture Credit
Individuals aged 25 and above can now use their additional Skillsfuture top-up from 1st April 2020 onwards.
COVID-19 Support Grant
Middle and low income workers who have lost their jobs due to COVID-19 will receive $800 cash monthly for 3 months.
2. Stabilising Businesses
Enhanced Support for Sectors Directly Affected by COVID-19
- * $300 million for Aviation Sectors.
- * $90 million for Tourism sectors
- * $95 million Point-to-Point support package for taxi drivers and private-hire car drivers.
- * $23 million road tax rebates and parking fee waivers for private bus owners.
- * Arts and Culture to receive $55 million for job retention and digitalisation.
Capability Development
SMEs can leverage on the SMEs Go Digital Programme, Productivity Solutions Grant (PSG) and Enterprise Development Grant (EDG), which all have been enhanced and extended till December 2020.
Enhanced Property Tax Rebates
- * Increased Property Tax Rebate for qualifying commercial properties, such as hotels, serviced apartments, tourist attractions, shops and restaurants, from 15% or 30% to 100%
- * Increased Property Tax Rebate for Integrated Resorts from 10% to 60%
- * All other non-residential properties will receive a new 30% Property Tax Rebate
- Read more about Resilience Budget at Singapore Company Incorporation.
