Press Releases

Over $4 billion to be disbursed from 29 Jul under the Jobs Support Scheme

140,000 employers to receive JSS payouts to retain and pay workers

 1           The Jobs Support Scheme (JSS), introduced since the Unity Budget on 18 February 2020, has helped to save jobs by providing wage support for local employees.We further enhanced the JSS during the Resilience, Solidarity and Fortitude Budgets to continue saving jobs, through additional wage support to employers.

2            Over 140,000 employers, with 1.9 million local employees, will receive payouts from 29 July 2020 totalling over $4 billion under the JSS. Employers who have made mandatory CPF contributions for their local employees will be qualified to receive the JSS payouts. With this payout, over $15 billion would have been disbursed. 

3          For the payment in July, employers will receive up to 75% support for the first $4,600 of wages paid to local employees in February and March 2020. Employers in the aviation and tourism sectors will receive 75% support; those in the food services, retail, arts and entertainment, land transport, and marine and offshore sectors will receive 50% support; and employers in all other sectors will receive 25% support.

4          In addition, all employers will receive 75% support for wages paid in April 2020, during the Circuit Breaker. Part of this wage support was disbursed as an advance in the previous payout in April to provide immediate cash flow support. As the amount disbursed was calculated based on October 2019 wages, necessary adjustments will be made in the upcoming payment in July, in accordance with actual wages paid in April 2020.

5          Eligible employers will be notified by post of their payout amount. They can also log in to myTax Portal to view the electronic copy of their letter.

Earlier payouts for employers with PayNow Corporate or GIRO 

6          Employers with PayNow Corporate or GIRO arrangements with IRAS can expect to receive the JSS payouts earlier from 29 July 2020. Other employers will receive their cheques from 4 August 2020.

7          Employers are encouraged to sign up for PayNow Corporate by 24 July 2020 to receive their payouts earlier and seamlessly. Employers can sign up for PayNow Corporate by linking their UEN / NRIC / FIN to their bank accounts via Internet banking for instantaneous approval by the banks. For assistance, employers can approach their respective banks.

Review of mandatory CPF contributions and penalties for abusing JSS

8          Employers are to ensure that mandatory CPF contributions made for their employees are accurate, so that they receive the right amounts of JSS payout.

9          There are severe penalties for any attempt to abuse the JSS. Other than having their JSS payouts denied, offenders can be charged under Section 420 of the Penal Code, where they may face up to 10 years of imprisonment and a fine. Businesses or individuals who wish to report any malpractices or potential abuses of the JSS may do so via email to jssreport@iras.gov.sg or online at go.gov.sg/jssreport.

10        As part of the checks for JSS eligibility, a very small number of employers will receive letters from IRAS asking them to verify a self-review of their CPF contributions and to provide declarations or documents to substantiate their eligibility for JSS payouts. Their July 2020 payouts will be withheld for the time-being, pending the self-review and verifications by IRAS.  Once the information is in order, they will receive the payout promptly.

 

Inland Revenue Authority of Singapore

Ministry of Finance

19 July 2020

Published on : 19 Jul 2020