To break the COVID-19 chain of transmission, Singapore will implement heightened safe distancing measures from 7 April to 4 May 2020.
With non-essential workplace closures and restricted interaction,
many will be affected. To help our people, over and above the $55 billion COVID-related
measures under the Unity and Resilience Budgets, government will mobilise an additional $5.1 BILLION to see Singaporeans and businesses through this period.
Enhanced Job Support Scheme (JSS)
- To help save jobs, Government will pay 75%
on the first $4,600 of monthly salaries for
every local employee for April 2020 - From May 2020, wage support levels will revert to original
levels in Resilience Budget - First JSS payout will be brought forward to April 2020, from
May 2020
SEP Income Relief Scheme (SIRS)
- More SEPs will qualify for SIRS
✤ Automatic inclusion for SEPs who also earn a small
income from employment work
✤ Enhanced Annual Value of property criterion of
$21,000, up from $13,000 previously - Eligible SEPs will receive three quarterly cash payouts of
$3,000 each in May, July, and October 2020 - Other criteria remain unchanged
Cash Flow & Credit Support for Employers
- Waiver of monthly Foreign Worker Levy (FWL) due in April
2020 to help firms with cash flow - FWL rebate of $750 in April 2020 from levies paid this year,
for each Work Permit or S Pass holder - Laws to ensure property owners pass on Property Tax
rebate to tenants - 1-month rental waiver for office, commercial, and
agriculture tenants of Government agencies - Government’s risk share raised from 80% to 90% for EFS Trade
Loan, EFS-SME Working Capital Loan, and Temporary
Bridging Loan Programme
✤ Applies to loans initiated from 8 April 2020 till 31 March 2021
Download the Solidarity Budget Booklet by MOF below.