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Singapore has confirmed a GST Voucher scheme offering cash payouts to offset the regressive impact of consumption taxes, similar to welfare approaches in Canada, Japan, and Uzbekistan’s automated discounts.
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Over 1.5 million Singaporeans earning below S$39,000 annually will receive S$850 in July, targeting support to lower-income citizens disproportionately affected by GST on essential goods.
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The income eligibility threshold for GSTV – Cash will rise from S$34,000 to S$39,000, reflecting wage growth among lower- and middle-income Singaporeans, according to the Ministry of Finance.
Source: vatcalc.com
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