GST Credits help Singaporeans with the impact of the GST increase. All
adult Singaporeans receive GST Credits over 4 years. Those who earn
less or live in smaller homes receive more GST Credits.
The GST Credits scheme is closed.
To receive GST Credits, you must:
- Be a Singapore citizen;
- Be aged 21 or above in the year of payout; and
- Sign up by 31 December of the year of payout.*
*You only need to sign up once to receive your GST Credits for that year
and subsequent years that you qualify.
The amount of GST Credits you can receive depends on:
(i) The Annual Value (AV) of your home in 2007 if your NRIC address has not changed since 31 December 2007*; and
(ii) Your Assessable Income (AI) for the Year of Assessment preceding
the year of payout for example, your 2010 payout depends on your
AI for Year of Assessment 2009, which is the income you earned
in calendar year 2008 as assessed by IRAS; and
(iii) NS Status (All NSF/NSmen will be entitled to a once-off bonus of $100).
* Your payouts would be determined based on the AV of your home in
2007 if you have stayed in the same residence since then. If you
newly qualify (i.e. new citizen or newly turned 21), your payouts
would be determined based on the AV of your home in the preceding
year if you stayed in the same residence. If you have changed your
address, the AV of your new home in the year of change would be
applied in determining your payouts from the subsequent year onwards
after the change is reflected in your NRIC. For instance, if your
NRIC address is changed in 2009, the AV of your new home in 2009
would be used for your 2010 payout.
1 If you have stayed in the same residence since 2007, the AV cut-offs of $5,000 and $10,000 apply. Where payouts are determined based on the AV of your home in 2008 or 2009 because you newly qualify for payouts or have changed your NRIC address in 2008 or 2009, the AV cut-offs of $6,000 and $11,000 apply.
2 If you have already received a payout in previous years, you will not receive the $100.
3 For NSFs/NSmen, you will receive the $100 in the year that you first qualify.