From May 1, 2025, Singapore’s Goods and Services Tax (GST) will officially increase from 8% to 9%. Businesses operating in the country need to act now to prepare for this change. This adjustment follows the earlier hike from 7% to 8% in 2023 and forms part of a long-term fiscal strategy announced during the 2022 … Read more
As of May 2025, Singapore has implemented further improvements to its GST Voucher Scheme to offer more robust financial assistance to residents facing cost-of-living pressures. By revising the eligibility requirements and increasing benefit amounts, the initiative aims to help a wider group of lower- and middle-income households manage the impact of the GST rate adjustment. … Read more
As of May 2025, Singapore residents continue to face the pressure of rising living expenses. In response, the government has expanded financial assistance under the Cost of Living (COL) support measures. A widely discussed figure—$3,888—has been circulating online. While not a single lump-sum payment, this amount reflects the combined benefits from several schemes under the … Read more
As of May 2025, Singapore has rolled out an upgraded $1.2 billion Assurance Package to provide stronger financial aid amid growing living expenses. Announced under Budget 2025 and driven by Prime Minister and Finance Minister Lawrence Wong, this enhanced scheme focuses on providing steady relief to residents, especially those living in HDB flats. Key Features … Read more
As of May 2025, the Singapore Government has expanded the GST Voucher Scheme to better support lower-income citizens and help them manage rising living expenses. With updated eligibility criteria and increased payouts, more households will now benefit from this critical financial assistance program. The initiative is part of a broader strategy to mitigate the impact … Read more
As living expenses continue to rise globally, Singapore’s 2025 Budget introduces targeted support to cushion households and businesses from financial strain. A cornerstone of this package is the issuance of S$800 in Community Development Council (CDC) vouchers to every Singaporean household throughout 2025. This initiative reaffirms the government’s proactive stance in tackling inflation and supporting … Read more
Starting mid-May 2025, the Singapore government has launched another significant distribution of Community Development Council (CDC) Vouchers under the refreshed Assurance Package in Budget 2025. This initiative is expected to benefit more than 2 million households with a total value of S$300 per household. The effort is aimed at alleviating the financial pressure caused by … Read more
As of May 2025, Singapore is contending with rising household costs, prompting the government to announce an expanded relief package. Central to this effort is the disbursement of S$800 in Community Development Council (CDC) vouchers to every Singaporean household within the year. This measure is part of a broader economic resilience strategy to help citizens … Read more
To address rising living expenses and inflation in 2025, the Singapore government has launched an enhanced financial assistance initiative in May 2025. This updated support package—worth up to $1,300—aims to assist low- and middle-income Singaporeans by expanding the long-standing GST Voucher (GSTV) Scheme introduced in 2012. This expanded scheme is not a one-off payment. Instead, … Read more