Singapore Updates GST Voucher and Cash Grant Regulations for 2025

• The Singaporean Official Gazette published Regulation No. S 1058/24 on December 30, 2024
• This regulation amends GST regulations concerning the eligibility for the GST voucher fund, cash grants, and assurance package
• Changes include setting the property value threshold for the GST voucher fund at S$31,000 starting in 2025
• Cash grant amounts for 2022 to 2025 have been specified based on updated schedules
• Annual value thresholds for residences will be updated from 2025
• Monthly references and eligibility criteria for cash grants have been adjusted based on property values and occupancy conditions
• Cash grants under the assurance package for seniors are specified for 2023, 2024, and 2025
• Amendments have been made to cash grant amounts and property value thresholds for GST voucher and assurance package benefits
• The regulation will be effective from January 1, 2025

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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