Businesses can go to covid.gobusiness.gov.sg for more information regarding the temporary suspension of activities.

You can go to safetravel.ica.gov.sg for more information regarding the application process for inbound essential travel under the Singapore-China Fast Lane.

X
A Singapore Government Agency Website
AA
A
A

Stabilisation and Support Package


COS Stabilisation and Support Package Icon

  

Help for Workers

 

Jobs Support Scheme

Employers will receive an 8% cash grant on the gross monthly wages of each local employee (applicable to Singapore Citizens and Permanent Residents only) 1 for the months of October 2019 to December 2019, subject to a monthly wage cap of $3,600 per employee. Employers do not need to apply for the JSS.

Employers can expect to receive the JSS payment by 31 July 2020.

Find out more here.

 

Enhancement to Wage Credit Scheme

Receive 20% and 15% co-funding for qualifying wage increases in 2019 and 2020 respectively for Singaporean employees earning a gross monthly wage of up to $5,000.

Find out more here.

 
COS Stabilisation and Support Package Icon   

Help with cash flow

 

Jobs Support Scheme

A CIT Rebate of 25% of tax payable, capped at $15,000 per company, will be granted for Year of Assessment 2020.

 

Enhancements to Enterprise Financing scheme – SME Working Capital Loan             

Find out more here.

 
COS Stabilisation and Support Package Icon   

Help with cash flow Sector Specific Support

 

Enhancement to Adapt and Grow Initiative

Workforce Singapore will enhance support under the Adapt and Grow initiative for more directly impacted sectors, such as hotel, retail, food services, tourism, and air transport.

Find out more here.

 

Property Tax Rebate for Qualifying Commercial Properties

Qualifying commercial properties will be granted a rebate for Property Tax (PT) payable for the period 1 January 2020 to 31 December 2020.

Find out more here.

 

Temporary Bridging Loan Programme for Tourism Sector Enterprises

A new Temporary Bridging Loan Programme (TBLP) will be introduced to provide additional cash flow support for tourism sector enterprises. Under the TBLP, eligible enterprises can borrow up to $1 million, with the interest rate capped at 5% p.a., from Participating Financial Institutions. The Government will provide 80% risk-share on these loans. The TBLP will start in March 2020, and is available for one year till March 2021. Interested enterprises can apply directly to the Participating Financial Institutions.

 

Aviation Sector Assistance Package

Co-funded by the Government, the Civil Aviation Authority of Singapore (CAAS) and the Changi Airport Group (CAG),the package aims to help defray business costs and protect jobs, as well as safeguard Changi’s air connectivity. The assistance will be provided for a 6-month period. The package will provide immediate relief to affected companies during the COVID-19 outbreak period.

More details of the Aviation Sector Assistance Package will be provided by CAAS and CAG to the companies.

Find out more here.

 

50% Port Dues Concession

The Maritime and Port Authority of Singapore (MPA) will be giving 50% port dues concession to cruise ships and regional ferries with a port stay of not more than five days, and passenger-carrying harbour craft. This will be on top of any existing concessions1. This measure will be implemented from 1 March 2020 to 31 August 2020 and will cost about $1 million.

Find out more here.


1 Existing concessions include port dues concession for vessels under the Maritime Singapore Green Initiative, and 20% port dues concession given to qualifying passenger cruise ships (i.e. ships that make 6 calls within 6 months).

 

Rental Waivers for Commercial Tenants in Government-owned / managed Facilities

To support hawkers, NEA will provide one month’s worth of rental waivers to stall holders of NEA-managed hawker centres and markets, with a minimum waiver of $200.

To help alleviate costs for businesses located in other Government-owned / managed facilities, Government agencies such as HDB, PA, SLA, NParks, JTC, URA, STB, and SDC will provide half a month’s worth of rental waivers to eligible commercial tenants/lessees who are on leases not exceeding three years, and do not pay Property Tax. Eligible tenants/lessees may include those providing commercial accommodation, retail, F&B, recreation, entertainment, healthcare and other services.

The rental waivers do not apply to any premises or a part of any premises used for a residential, industrial or agricultural purpose, or as an office, a business or science park, or a petrol station.

For more information, please contact the respective agencies providing rental waivers.

add HOME ABOUT US IMPROVING TRADE TRANSFORMING INDUSTRIES NEWSROOM RESOURCES LEGISLATION CAREERS
COS 2020
Emerge Stronger
Factsheets on Key Announcements
Stabilisation and Support Package
Contact Us Feedback FAQs