Singapore: Tax and employment relief specifically for consumer and retail businesses (COVID-19)

Singapore: Tax and employment relief

Singapore’s government has provided tax and employment-related relief for the consumer and retail businesses—a sector that has been significantly affected by the coronavirus (COVID-19) pandemic.


Related content

Two supplementary budgets—referred to as the “Resilience Budget” and the “Solidarity Budget”—provide stimulus packages to cushion the impact of COVID-19, and in particular introduced support for wages, one of the largest and most critical business costs for consumer and retail industries.

The Resilience Budget provides a “Jobs Support Scheme” (JSS) whereby all employers will receive a 25% cash grant on the first S$4,600 of gross monthly salaries paid to local workers (up from 8% on the first S$3,600) for an extended period of nine months (up from three months). For severely affected consumer and retail sub-sectors such as (1) qualifying licensed hotels, licensed travel agents, gated tourist attractions, cruise lines and cruise terminal operators, and (2) licensed food shops and food stalls (including hawker stalls), payouts under the JSS are at rates of 75% and 50%, respectively (with both including the 25% base support).

Also, qualifying commercial properties (hotels, serviced apartments, tourist attractions, shops, and restaurants) are entitled to a 100% property tax rebate. “Integrated resorts” and all other non-residential properties (industrial properties, offices, etc.) are to receive property tax rebates of 60% and 30%, respectively, in 2020.

Read an April 2020 report [PDF 408 KB] prepared by the KPMG member firm in Singapore

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal