OCTOBER 2020

• Over $5.5 billion to be disbursed from 29 Oct under the Jobs Support Scheme

SEPTEMBER 2020

• Overview of Withholding Tax
• Common Errors Made by S45 WHT Payers
• Minimum 4% Interest Rate Floor on Special, MediSave and Retirement Account Monies Extended Until 31 December 2021
• Year End Forms (Year of Assessment 2021)
• Tightening of Work Pass Requirements
• Public Holidays for 2021
• Eligible Firms to Receive Jobs Growth Incentive Automatically from March 2021
• Jobs Growth Incentive (JGI)

AUGUST 2020

• Deferral of Requirements for Insurers Under the Work Injury Compensation Act 2019

JULY 2020

• Income Tax Treatment of COVID-19-Related Payouts to Businesses and Individuals
• Over $4 billion to be disbursed from 29 Jul under the Jobs Support Scheme

JUNE 2020

• Support for Employees
• Enhanced Job Support Scheme
• Over $450 Million in Wage Credits for more than 95,000 Employers by 30 June 2020

MAY 2020

• No Statutory Updates

APRIL 2020

• IRAS Extends Tax Filing Deadlines
• Support for Employees
• Job Support Scheme (JSS)
• Solidarity Budget
• Update on Job Support Scheme (JSS)
• Update on Solidarity Budget
• Extended Tax Filing Deadline

MARCH 2020

• MOM will be increasing the LQS threshold to $1,400
• All work pass holders have to obtain MOM’s approval before commencing their journey
• MOM will be increasing the EP salary to $3,900 per month
• Retirement age and Re-employment Age will be raised to 65 and 70 by 2030
• The CPF contribution rates for senior workers will be raised gradually over the next decade

FEBRUARY 2020

• Quarantine Order Allowance Scheme in Singapore

JANUARY 2020

• No Statutory Updates