NOT-Taxable Payouts
S/N | Payout | Purpose of Payout | Tax Treatment of Payout |
1 | Self-Employed Person Income Relief Scheme payout | To help eligible self-employed persons (SEPs) tide over this period of economic uncertainty | NOT taxable as the payout is meant to support individuals through the exceptional circumstances arising from the COVID-19 pandemic |
2 | COVID-19 Support Grant | To support individuals who have lost their jobs as a result of the COVID-19 pandemic, while they find a new job or attend training | |
3 | Workfare Special Payment (under Care and Support package) | To provide support to Singaporeans during this period of economic uncertainty | |
4 | Temporary Relief Fund payout | To support those who require immediate help to cope with basic living expenses as a result of the COVID-19 pandemic | |
5 | NTUC Care Fund (COVID-19) payout | To provide one-off financial assistance to National Trades Union Congress (NTUC) union members who are in financial difficulty or retrenched due to the COVID-19 pandemic | |
6 | Wage support for tourist guides licensed by the Singapore Tourism Board Payout to Singaporean seafarers funded by the Maritime and Port Authority of Singapore under the Seafarers Relief Package | To provide wage support for licensed tourist guides | NOT taxable as the payout is meant to support individuals through the exceptional circumstances arising from the COVID-19 pandemic |
7 | To assist Singaporean seafarers who are unable to secure shipboard employment | ||
8 | Jobs Support Scheme Payout | To help enterprises retain local employees (Singapore Citizens and Permanent Residents) during this period of economic uncertainty | NOT taxable as the payout is to help employers retain their local employees by providing cashflow support or mitigate the financial impact of COVID-19 containment measures for employers and SEPs |
9 | COVID-19 Quarantine Order Allowance scheme payout COVID-19 Leave-of Absence (LOA) scheme payout | To mitigate the financial impact for those who have been served, or whose workers have been served, a Quarantine Order, LOA or SHN | |
COVID-19 Stay-Home Notice (SHN) scheme Payout | |||
10 | Courage Fund COVID19 Relief schemes For more information on the schemes, please refer to NCSS | To provide relief and support to low-income families, healthcare workers and other specified individuals who have supported the national response to COVID-19 and in doing so, contracted COVID19 | NOT taxable as these are unconditional gifts |
Taxable Payouts
S/N | Payout | Purpose of Payout | Tax Treatment of Payout |
1 | Temporary Housing Support for employers affected by Malaysia's Movement Control Order | To help employers defray the additional costs of providing short-term housing to affected workers | Taxable as the payout received is to defray the operating costs of a business and is revenue in nature |
2 | Senior Worker Support Package • Senior Employment Credit • CPF Transition Offset Scheme • Senior Worker Early Adopter Grant • Part Time Reemployment Grant | To support employment of senior workers | |
3 | Assistance scheme to defray third-party professional cleaning and disinfection costs for premises with confirmed COVID-19 cases | To provide assistance to defray cleaning costs for premises with confirmed COVID-19 cases | |
4 | Special relief for unhired taxis | To help taxi operators defray the costs of their unhired fleet of taxis | |
5 | Wage Credit Scheme (including the enhancements made as part of the Stabilisation and Support Package in Budget 2020) | To support wage increases for Singaporean workers | |
6 | Jobs Growth Incentive | To provide wage support to eligible employers with new local hires between Sep 2020 and Feb 2021 | |
7 | Construction Restart Booster | To help construction firms defray costs in procuring additional materials/equipment to comply with COVID-Safe Worksite requirements |
