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As announced by Deputy Prime Minister and Minister for Finance, Mr Heng Swee Keat, in the Resilience Budget on 26 March 2020, Solidarity Budget on 6 April 2020 and Fortitude Budget on 26 May 2020, IRAS will be implementing a series of support measures to ease cash flow for taxpayers.
Feb 16, 2021 · To address the economic uncertainties brought about by COVID-19, Deputy Prime Minister and Minister for Finance Heng Swee Keat announced that $11 billion will be set aside in Budget 2021 for the COVID-19 Resilience Package. The Package will focus on three prongs: Safeguarding public health and re-opening safely.
Subsequently, DPM Heng introduced the Resilience Budget on 26 March 2020, the Solidarity Budget on 6 April 2020, the Fortitude Budget on 26 May 2020, the Ministerial Statement on 17 August 2020, and the Ministerial Statement on 5 October 2020.
Mar 26, 2020 · Resilience Budget. To further support Singapore businesses and workers during the COVID-19 outbreak, the Government has unveiled a Resilience Budget on 26 March 2020 - on top of the Stabilisation and Support Package introduced at Budget 2020 in February.
Government will help employers by paying 25% of the first $4,600 of monthly wages for every local worker in employment, for 9 months. Higher support for sectors more affected by COVID-19, of up to 75%. Firms will receive the payouts in May, Jul, and Oct 2020. Wage Credit Scheme.
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Mar 26, 2020 · The Jobs Support Scheme will be extended. The Government will co-fund nine months of wages - 75% in April and May, and up to 75% for the remaining months. In heavily impacted industries like air transport, tourism and food services, firms will receive higher co-funding at 50% to 75% of wages.
