You may wish to submit an appeal to IRAS to review the circumstances of your case. If you are using MoneyWorks accounting software: There are two income account types (Sales and Income) in MoneyWorks. The payouts will be given to more than 140,000 employers to … the payouts computed based on 75% of October’s and November’s wages, and disbursed in April and May respectively) should be passed on to your clients in April and May. A wage cut on the employees’ part should see a corresponding decrease in the CPF contribution. Employers should not make any mandatory CPF contributions to individuals who are not their genuine employees. Employers should only make the correct amount of mandatory CPF contributions based on the actual wages paid to their employees. Alternatively, companies may check if they are eligible for JSS via the IRAS website. The May 2020 and subsequent JSS payouts will include support for qualifying shareholder-directors. This is applicable regardless whether firms have started work. You’ll need to check which type of support you are eligible for and check which employees you can claim for. Eligible companies will be notified by post of their tier of support and the amount of JSS payout payable to them. Click here for more details about Jobs Support Scheme (JSS) Step 1 As announced in April, the JSS has been extended to cover wages of local employees who are shareholders and directors (shareholder-directors) of companies. The first JSS payout will be brought forward from May 2020 to April 2020. As long as a company with a specific UEN has activities which have been permitted to operate, the company with that UEN will not qualify for the Circuit Breaker tier JSS of 75%. No. You may wish to write in to covid_gobusiness@mti.gov.sg to review your case. Claire Barnard | 27th October 2020. volume or nature of work of the employees, instead of making purported
Please refer here for more information. You may write to covid_gobusiness@mti.gov.sg to submit a request. Employers should only make mandatory
Employers will start to receive the JSS payouts in four tranches - April, May, July and October 2020. If your firm is appealing to receive Tier 1 wage support from June 2020 as your business is still not able to resume operations, please select “Tier 1 wage support (cannot resume business operations)” at Question 3. Payout Date of Payment Aviation and tourism Food services Others Computation of Payout Capped at first $4,600 of gross monthly wages Based on: Payout 1 Apr 2020 + 75% of Oct 2019 wages + 75% of Nov 2019 wages + 75% of Dec 2019 wages + 75% of … (For more details on making voluntary CPF contributions for employees, please find out more at the
You will be able to claim it between 15 February 2021 and 31 March 2021. Employers can refer to the IRAS JSS website (https://go.gov.sg/jss) for more details on the computation. Story continues. Click on the links below to find out more about JSS. Multi-outlet companies with certain outlets in operation, will not be accorded the Circuit Breaker tier JSS of 75% for as long as certain parts of their companies are allowed to operate. The payout will be in Oct 2020. https://www.iras.gov.sg/irashome/e-services/other-taxes/jobs-support-scheme–jss-/, © 2021 Totalling over $7 billion, the payouts will help to cover the wages of over 1.9 million local employees in Singapore. This is a fraudulent arrangement. However, employers can continue to make voluntary CPF contributions to the CPF accounts of employees whose wages have been cut by applying for a separate CPF submission number with CPF Board. If you are selected, you must conduct a self review of your CPF contributions and provide declarations and / or documents to prove your eligibility to partake in the JSS. This form is for employers to appeal for higher tier co-funding under the JSS, or employers with other circumstances. This is to provide your clients with the wage support to tide over the Circuit Breaker period. The first JSS payout will be brought forward from May to April 2020. A company which is not permitted to resume operations will qualify for the Circuit Breaker tier JSS of 75%, regardless of its SSIC code. Resumption of Business Activities (Phases One, Two and Three), Resumption of Business Activities (Phases One and Two), For Marine & Offshore and Process sectors only, Sport & Recreational Facility Operators & Sport, Physical Exercise & Activity Administrators, Process Construction & Maintenance (PCM) Sector, Closure of Nightlife Establishments and Government Support, Application and Licensing Procedure for Pivoting to Permissible Activities, Exit Support Package and Other Government Support for Winding Down. Alternatively, companies may check if they are eligible for JSS via the IRAS website. Employers should only make mandatory CPF contributions to employees for wages paid for work performed as part of a contract of service. The payout for May 2020 will also include back-payment for such employees whose wages were excluded in the first JSS payout in April 2020. Eligible companies will be notified by post of their tier of support and the amount of JSS payout payable to them. This will help businesses to … JSS (Job Support Scheme) is a cash grant given by the government to offset part of the local employee wage costs during the outbreak of COVID-19. Alternatively, companies may check if they are eligible for JSS via the IRAS website. Employers should stop making mandatory CPF contributions for employees who have been retrenched or are on no-pay leave. Please approach IRAS to review the details of your case. Subsequent JSS payouts will be adjusted to account for actual wages paid in May 2020 compared to November 2019 as shown in the table below. It calculates JSS payout from monthly wages whereas the actual JSS payout is derived from your CPF contribution. [Jobs Support Scheme] Under the JSS, the Government will co-fund the first $4,600 of gross monthly wages paid to each local employee for 9 months. Companies in sectors that are not allowed to resume operations and are currently not operating under a General Exemption, will be accorded the Circuit Breaker tier JSS of 75%. Eligible companies will be notified by post of their tier of support and the amount of JSS payout payable to them. JSS Closed is for those businesses who have to close because of a legal requirement brought about by lockdown restrictions, specifically aimed at those businesses in the Tier 3 areas for whom it is mandatory for them to close. To check whether you are in tier 1 or tier 2, check it here. Companies allowed to operate with restricted services will only receive the base tier JSS. All other employers will start receiving their cheques from 3 Jun. The first tranche of the JSS payout will be based on wages paid from October to December 2019, said IRAS and MOF. JSS payout to employer for Month X 4, ... As part of the checks for JSS eligibility, a small number of employers will receive letters from IRAS asking them to conduct a self-review of their CPF contributions and to provide declarations or documents to substantiate their eligibility for JSS payouts. Check if you are eligible for the WCS Payout This e-Service allows you to view if you are eligible for the WCS Payout, based on the UEN or NRIC number that you have registered with CPFB in making CPF contributions to your employees. Besides raising the subsidies, the first JSS payout will be brought forward to April, with some firms to receive the first tranche next week. All other employers will start receiving their cheques from 3 Jun. Their Mar 2021 payouts will be withheld pending the self-review and verifications by IRAS. Use the enhanced JSS payout to provide for a baseline monthly salary to employees, including the employer’s share of the CPF contributions; and Provide for work done on a pro rata basis – for example, if the employee works half-load (i.e. SINGAPORE — Over 140,000 employers will start to receive the first tranche of payouts totalling over $7 billion under the Jobs Support Scheme (JSS) to help cover the wages of over 1.9 million local employees in Singapore amid the COVID-19 pandemic. 5. 75% of the first $4,600 of gross monthly wages per local employee. Worth more than S$5.5 billion, the subsidy will be given to 1.9 million local companies. Alternatively, companies may check if they are eligible for JSS via the IRAS website. This form is for employers to appeal for higher tier co-funding under the JSS, or employers with other circumstances. The JSS wage support payouts are computed based on past wages. Jobs Support Scheme(JSS) Calculator. Employers do not need to apply for the JSS. IRAS will automatically notify the JSS payout to you. Yes. If your firm is appealing to receive Tier 1 wage support from June 2020 as your business is still not able to resume operations, please select “Tier 1 wage support (cannot resume business operations)” at Question 3.