Tax Alert - Stabilisation Phase Support Measures

With the re-tightening of safe management measures imposed for the period 27 September 2021 to 24 October 2021, the Ministry of Finance announced on 24 September 2021 a S$650 million support package for businesses. This support package is smaller than the earlier Heightened Alert support package as businesses can still open, but with the reduction of group sizes.

Jobs Support Scheme enhancement for affected sectors

Enhancement to the Jobs Support Scheme for sectors that are significantly affected by the tightened measures.

Sectors with JSS enhancement Previous JSS Support New JSS Support
22 July to 18 August 2021 19 August to 31 August 2021 27 September to 24 October 2021

Closed sectors or sectors with tightened safe management measures

  • Food and Beverage ("F&B")
  • Gyms & fitness studios
  • Performing Arts & Arts Education

 

 

 

60%

 

 

 

 

 

 

 

10%

 

 

 

 

 

 

 

25%

Significantly affected sectors

  • Retail / Cinemas
  • Museums, art galleries, historical sites / Family entertainment
  • Tourism^

 

 

 

40%

* Supermarkets, convenience stores, and online retailers are not eligible.

^ Includes qualifying licensed hotels, licensed travel agents, gated tourist attractions, cruise operators, regional ferry operators and MICE organisers.

Additional rental relief / support

A 2-week rental waiver will be provided in the stabilisation phase for:-

  • Qualifying tenants on Government-owned commercial properties.
  • Qualifying occupiers in private commercial properties (whether tenant-occupier or owner-occupier) in the form of cash payout under the Rental Support Scheme.
  • Cooked food and market stallholders in centres managed by the NEA or NEA-appointed operators.

Extension of support to Taxi and Private Hire Car Drivers

The COVID-19 Driver Relief Fund payout to support taxi and private hire car drivers will be extended at S$10 and S$5 per vehicle per day in October 2021 and November 2021 respectively.

 

For further information or assistance, please contact:

Koh Puay Hoon, Partner & Head of Tax
T +65 6594 7820
[email protected]

Cindy Lim, Partner
T +65 6594 7852
[email protected]

William Chua, Partner
T +65 6594 7860
[email protected]

Loke Yew Ken, Director
T +65 6594 7861
[email protected]