MOF clarifies: Each household eligible for only one GST voucher
Posted by temasektimes on July 6, 2012
Following ‘feedback’ from some Singaporeans, the Ministry of Finance has issued a clarification yesterday that “each household is eligible for only one GST Voucher (GSTV) – U-Save rebate, similar to past U-Save rebates.”
From Monday onwards, Singaporeans started receiving their GSTV notification letters from the government which led some to misunderstand they will be receiving the vouchers individually.
As a matter of fact, each household is only entitled to one GST voucher which is based on the flat type and not the size of the household.
The MOF said that on average, the GSTV will help lower-income families offset about half of the GST they pay each year.
Retiree couples living alone in smaller flats can expect to receive a GSTV that will more than fully offset their yearly GST expenses.