Share with your friends

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 logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in 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