Singapore: Employers to Benefit from Jobs Support Scheme (JSS) Payout

Singapore: Employers to Benefit from Jobs Support Scheme (JSS) Payout

From today (Thursday 30th September), more than 43,900 employers in Singapore will receive Jobs Support Scheme (JSS) payouts totalling over S$900 million. The Inland Revenue Authority of Singapore (IRAS) and Ministry of Finance (MOF) announced on Tuesday 21st September that the payout is part of an effort to support the wages of over 570,000 local employees under the scheme.

With the inclusion of this payout, more than S$27.6 billion worth of JSS support has been disbursed since the launch of the scheme in February 2020. If an employer has made mandatory CPF contributions for their local employees for the months of April 2021 to July 2021 by the stipulated deadlines, they will qualify for the payout.

This September payout covers wages from April 2021 to July 2021, including the enhanced JSS payout during the Phase 2 and 3 (Heightened Alert) period. According to the IRAS, “the 4-month payout coverage is higher than the usual 3-month coverage to provide cashflow support to firms affected by the protracted crisis.”

For wages paid after 31st July 2021, the payout will be distributed in December 2021. Employers that are eligible will be notified by post or they can also log into their myTax Portal to view an electronic copy of their letter.

Any employer who has registered for PayNow Corporate as of 24th September 2021 or has existing GIRO arrangements with IRAS can expect to receive the JSS payouts from today (30th September 2021). Other employers will receive their cheques from 15th October 2021.

For more on Covid-19 support for employers and employees, browse the activpayroll latest news page.

If you are interested in doing business in Singapore, find out everything you need to know about payroll, tax, social security, employee benefits, work permits, employment law and more in the activpayroll Guide to Doing Business in Singapore. This is available as a free PDF to download.

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