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Singapore To Give GST Rebate To 880,000 Households

by Mary Swire, Tax-News.com, Hong Kong

02 January 2018


Singapore's Ministry of Finance has announced that about 880,000 Singaporean Housing and Development Board (HDB) households will receive the next installment of the Goods and Services Tax (GST) Voucher – Utilities-Save (U-Save) rebate in January 2018.

The U-Save rebate is one of three components under the permanent GST Voucher scheme. U-Save, paid four times a year, is the household component of the permanent GST Voucher scheme, introduced to help households with their utilities expenses, to offset the regressive nature of GST. The U-Save rebate is expected to cost SGD265m over four quarters, starting from July 2017.

Annually, the permanent GST Voucher – U-Save rebate has enabled households in 1- and 2-room HDB flats to receive support equivalent to about three to four months of their utilities bills on average. Those living in 3- and 4-room HDB flats receive support equivalent to about one to two months of their utilities bills.

In January 2018, eligible Singaporean households will each receive a GST Voucher – U-Save of up to SGD95, depending on their HDB flat type.

TAGS: Finance | tax | goods and services tax (GST) | Singapore | services | VAT refunds | Utilities

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