VATupdate

1.5 million Singaporeans to receive up to $700 in GST Vouchers in August: MOF

The permanent GST Voucher scheme was introduced by the Government in Budget 2012 to help lower- and middle-income Singaporean households with their expenses, in particular what they pay in GST. Each of the four components provides support for various household needs – Cash for immediate needs; MediSave for seniors to support their medical needs; U-Save to offset utilities bills; and S&CC Rebate to offset S&CC bills.

Singaporeans aged 21 years and above will be eligible for the GSTV — Cash and GSTV — Cash Special Payment.

These are part of a $1.5 billion package announced by Deputy Prime Minister Lawrence Wong in June to help Singaporeans cope with the higher inflation.

Source: youthopia.sg

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