The Goods and Services Tax (GST) will be extended to all imported low-value goods beginning 2023, said Deputy Prime Minister Heng Swee Keat during his budget speech on Tuesday (16 February). Before this, the GST import relief threshold was S$400, meaning goods imported which are valued under that amount that are not subject to GST. … Read more
A total of S$870 million in financial aid will be given to airlines and other aviation companies this year as the Government continues to provide assistance for this badly-hit industry, said Deputy Prime Minister and Finance Minister Heng Swee Keat in Parliament on Tuesday (16 February) while delivering Budget 2021. In his speech, Mr Heng … Read more
The Government will increase petrol duty rates by 15 cents per litre for premium petrol, and 10 cents per litre for intermediate petrol, effective from Tuesday (16 Feb). In his Budget 2021 speech earlier today, Deputy Prime Minister and Finance Minister Heng Swee Keat noted that Singapore has seen “positive outcomes” from the restructuring of … Read more
The Singapore government has allocated an additional S$5.4 billion to a second tranche of the Jobs and Skills Package to support the hiring of 200,000 locals this year, and provide up to 35,000 traineeships and training opportunities, said Deputy Prime Minister and Finance Minister Heng Swee Keat on Tuesday (16 Feb). In his Budget 2021 … Read more
While delivering Budget 2021 in Parliament on Tuesday (16 February), Deputy Prime Minister Heng Swee Keat announced that the Jobs Support Scheme (JSS), which helps employers retain employees by subsiding wages, will be extended for industries that continue to suffer due to the COVID-19 pandemic. This will be the fourth extension of the JSS, and … Read more
As part of the new Household Support Package, all eligible citizens will receive an additional S$200 GST voucher on top of their standard GST voucher payment. This will be a one-off payment, termed the ‘GST Voucher-Cash Special Payment‘, specifically for lower- and middle-income households which will benefit 1.4 million Singaporeans. The voucher will be paid … Read more
In a Facebook video on Sunday (6 Dec), Deputy Prime Minister (DPM) Heng Swee Keat extended a toast to all frontline workers in Singapore who have been working tirelessly in the battle against COVID-19. This is part of the #toast2uchallenge, which is an initiative by nEbO x Young NTUC U Heart 2020, supported by NTUC Income. “Thank you … Read more
Resuming general air travel to cities with low incidences of COVID-19 is important to restore Singapore’s global connectivity, said Deputy Prime Minister Heng Swee Keat on Thursday (12 November). Mr Heng remarks came after Transport Minister Ong Ye Kung announced on Wednesday (11 November) that air travel bubble between Singapore and Hong Kong will commence … Read more
The Peoples Voice (PV) party leader Lim Tean said it’s an “epic failure” on the ruling party’s part that there are about 470,000 lower-income workers aged 35 and above in Singapore at present. His remarks came after the Ministry of Finance (MOF) said on Friday (23 October) that about S$810 million in Workfare Special Payment … Read more
The goods and services tax (GST) rates will remain at 7 per cent in 2021, but it cannot be deferred “indefinitely”, said Deputy Prime Minister Heng Swee Keat on Thursday (15 Oct). Mr Heng, who is also the Finance Minister, had announced in February this year that GST rates will remain at 7 per cent … Read more