Good news for above-21s:
S$860m in GST credits, rebates available to S’poreans from July 1
SINGAPORE: The S$4 billion GST Offset Package announced during the 2007 Budget Statement is set to roll out.
The package which is available over a four year period will cover 2.4 million Singaporeans.
They will receive a total of S$650 million in GST Credits, which is to help Singaporeans with the 2%-point increase in GST from 1 July 2007, and the Senior Citizens Bonus.
An additional 800,000 HDB households will also receive $210 million of Utilities-Save (U-Save), Service & Conservancy Charges (S&CC) and rental rebates.
Singaporeans eligible for the GST Credits/Senior Citizens Bonus will receive a letter from the CPF Board.
GST Credits of up to S$1,000 over 4 years is available for 2.3 million Singaporeans aged 21 and above, with NSFs and NSmen getting an extra S$100 for their contributions to national security.
Source: ChannelNewsAsia
Great news at my mailbox, I received one of these GST rebates which meant that money is coming my way. Not a lot though. The national service involvement helps with an extra SG$100, my GST rebate totals to SG$300. It’s not high but would be helpful anyhow. Although a much welcome way would probably to freeze the GST for a longer period of time.
Possibly related:
Congrats on the little bonus. i got my $300 as well, could buy me a few rounds of beers.
by kevin (May 15, 2007 at 10 AM)Thank you! I reviewed Mallr too by the way. I could gets some computer parts with it.
Before the GST increase on July 1st of course.
by Mr. Dew (May 15, 2007 at 1 PM)y mi as a nsf never get 100
by mrtay (Aug 10, 2008 at 12 PM)