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SINGAPORE: More than 1.5 million Singaporeans will receive up to S$850 (US$670) in cash payouts as part of the Goods and Services Tax Voucher (GSTV) scheme next month, the Ministry of Finance said on Monday (Jul 7).
The assessable income threshold for GSTV – Cash payouts will also be raised from S$34,000 to S$39,000 “as the incomes of lower- and middle-income Singaporeans have improved”, MOF said in a media release.
This will “maintain the coverage of the scheme”, the ministry added.
At the same time, about 690,000 eligible Singaporean seniors will also receive up to S$450 in MediSave top-ups as part of GSTV – MediSave.
Eligible recipients will automatically receive their payments from Aug 6 if they have signed up for GSTV – Cash and GSTV – MediSave previously. They will be notified via SMS or a letter when their benefits have been credited.
A total of S$1.5 billion will be disbursed in this GSTV exercise, MOF said.
Source: CNA/kg(gr)
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FAST
SINGAPORE: More than 1.5 million Singaporeans will receive up to S$850 (US$670) in cash payouts as part of the Goods and Services Tax Voucher (GSTV) scheme next month, the Ministry of Finance said on Monday (Jul 7).
The assessable income threshold for GSTV – Cash payouts will also be raised from S$34,000 to S$39,000 “as the incomes of lower- and middle-income Singaporeans have improved”, MOF said in a media release.
This will “maintain the coverage of the scheme”, the ministry added.
At the same time, about 690,000 eligible Singaporean seniors will also receive up to S$450 in MediSave top-ups as part of GSTV – MediSave.
Eligible recipients will automatically receive their payments from Aug 6 if they have signed up for GSTV – Cash and GSTV – MediSave previously. They will be notified via SMS or a letter when their benefits have been credited.
A total of S$1.5 billion will be disbursed in this GSTV exercise, MOF said.
Source: CNA/kg(gr)
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