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MOF: 950k Singaporean households to benefit from increased GSTV rebates in July

Nearly a million Singaporean households will receive doubled GSTV U-Save and S&CC rebates, providing significant relief on utility bills, as announced by the Ministry of Finance.

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1 year ago

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SINGAPORE — The Ministry of Finance (MOF) announced on Friday (30 Jun) that approximately 950,000 Singaporean households residing in Housing Board flats will benefit from their quarterly Goods and Services Tax Voucher (GSTV) U-Save and service and conservancy charges (S&CC) rebates due in July.

Eligible households in the financial year 2023 will receive double their regular U-Save. This increase will cover between eight and ten months’ worth of utilities bills for those living in one- or two-room HDB flats. For those in larger households, residing in three- or four-room HDB flats, the rebate will represent about four to six months’ worth of utility bills.

Moreover, these households will also be granted their regular quarterly GSTV and S&CC rebates. This will serve to offset between half and one month of S&CC payable to their respective town councils in July 2023.

MOF stated that the total U-Save and S&CC rebates disbursed this financial year would round off at about $720 million.

The rebates will be credited directly into the recipients’ S&CC accounts managed by their respective town councils, requiring no action on the households’ part to take advantage of these schemes.

Residents wishing to inquire about their eligibility for the GSTV and S&CC rebates are encouraged to log into My HDBPage via the HDB InfoWEB portal using their Singpass.

The Singaporean Government first introduced the GSTV scheme in 2012. Since the 2022 financial year, the S&CC rebate has been included as a component of the scheme, further enhancing the support provided to eligible households.

Just this year, GST was increased from 7% to 8%. Next January, the GST will be further increased to 9%.

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Singapore

LTA announces 3.6% increase in COE quota to 15,834 for November 2024 to January 2025

The Land Transport Authority has announced a 3.6% increase in Certificates of Entitlement (COEs) for the period from November 2024 to January 2025. The new total will be 15,834, including more COEs for smaller cars, larger vehicles, and commercial use, along with a redistribution from deregistrations to enhance supply.

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2 hours ago

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4 October 2024

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SINGAPORE: The Land Transport Authority (LTA) announced on Friday (4 October) that the number of Certificates of Entitlement (COEs) available for bidding between November 2024 and January 2025 will rise to 15,834.

This represents a 3.6 per cent increase from the 15,283 available in the current bidding period from August to October.

In the upcoming three months, there will be 6,190 Category A COEs, which are designated for smaller and less powerful cars, as well as electric vehicles (EVs).

This is a notable increase of 5.6 per cent from the 5,864 pieces available in the previous period, translating to 54 more Category A COEs at each tender exercise.

Category B COEs, meant for larger and more powerful cars and EVs, will see their supply rise to 4,060 – a 2 per cent increase from the current 3,980 pieces.

The supply of Open category (Category E) COEs will also increase by 3.6 per cent, going from 1,035 certificates to 1,072.

When combined, the supply of Category B and E COEs represents a total increase of 2.3 per cent, amounting to 117 additional certificates compared to the previous three-month period.

Additionally, the supply of commercial vehicle (Category C) COEs will climb by 8.3 per cent to 1,407 pieces, up from 1,299. This results in an increase of 18 more COEs at each tender exercise. Meanwhile, the number of COEs for motorcycles (Category D) remains unchanged at 3,105 pieces.

The announced COE supply also factors in 3,315 certificates that have been redistributed from identified guaranteed deregistrations.

This includes 1,390 Category A COEs, 1,060 Category B certificates, and 865 motorcycle COEs.

This redistribution practice, initiated from the second tender exercise of May 2023, allows COEs set to expire in the next projected supply peak to be brought forward for allocation.

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Singapore

Three hospitalised after nine-vehicle collision on East Coast Parkway

A nine-vehicle accident involving six cars and three taxis occurred on the East Coast Parkway (ECP) on Wednesday (3 Oct), blocking two lanes. Three people were hospitalised, including a taxi driver and passenger. Police are investigating the cause of the accident.

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2 hours ago

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4 October 2024

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Three hospitalised after nine-vehicle collision on East Coast Parkway

SINGAPORE: A major accident involving six cars and three taxis took place on the East Coast Parkway (ECP) in Singapore on Thursday (3 Oct) causing significant traffic disruption.

The pile-up, which involved nine vehicles in total, blocked two lanes on the expressway towards Changi Airport, after the Fort Road exit.

The incident led to three people being hospitalised.

Footage circulating on social media showed the aftermath of the accident, with nine vehicles, including taxis and cars, some of which were stacked on top of each other.

The Singapore Civil Defence Force (SCDF) responded to the incident at approximately 5.20pm.

SCDF confirmed that three individuals were taken to Raffles Hospital.

The injured include a 67-year-old male taxi driver, a 76-year-old passenger in the taxi, and a 34-year-old woman who was driving one of the cars involved.

All three were reported to be conscious when they were transported to the hospital.

Police investigations into the cause of the accident are ongoing.

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