Over 140,000 Employers Start to Receive Payouts Under the Jobs Support Scheme (JSS)

The Ministry of Finance (MOF) and the Inland Revenue Authority of Singapore (IRAS) said that the payouts – totalling more than S$7 billion – will help to cover the wages of more than 1.9 million local employees in Singapore.

The Jobs Support Scheme (JSS) was introduced during Budget 2020 in February, known as the Unity Budget, to provide support to employers and help them retain local employees during this period of economic uncertainty as a result of the COVID-19 pandemic.

The JSS was then further enhanced in the subsequent Resilience and Solidarity Budgets.

• More than 140,000 employers started to receive the first tranche of the JSS payout from 15 April onwards based on wages paid from October to December 2019.
• Employers that have earlier signed up for PayNow Corporate or have existing Giro arrangements with IRAS will have payouts directly credited to their registered bank accounts.
• Companies currently not on Giro or PayNow Corporate will start receiving their cheques from April 23 onwards.

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Source: Today