2. As part of their checks on JSS eligibility and compliance, IRAS is sending a small number of employers self review letters to complete. The Jobs Support Scheme (JSS) provides wage support to employers, to help enterprises retain their local employees (Singaporean Citizens and Permanent Residents) during this period of economic uncertainty. The JSS payouts are calculated based on an employer's mandatory Central Provident Fund (CPF) contributions for the relevant employee. To check whether you are in tier 1 or tier 2, check it here. A company is eligible for the 75% Circuit Breaker tier JSS based on whether it is permitted to resume operations. This is a fraudulent arrangement. There was also a special payout in May 2020. The first tranche will be paid from 15 April 2020, based on wages paid from October-December 2019. Please refer here for more information. Employers will start to receive the JSS payouts in four tranches - April, May, July and October 2020. Built Environment. Eligible companies will be notified by post of their tier of support and the amount of JSS payout payable to them. Employers do not need to apply for the 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. 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. Eligible companies will be notified by post of their tier of support and the amount of JSS payout payable to them. If you are using MoneyWorks accounting software: There are two income account types (Sales and Income) in MoneyWorks. As JSS payouts are automatically computed based on CPF contribution data, these employers then stand to gain a higher 3 Eligible companies will be notified by post of their tier of support and the amount of JSS payout payable to them. In addition, help will be given to ease labour costs of employers who have hired foreign workers, to help them take care of these workers during this circuit breaker period. For example, under the Wage Credit Scheme (WCS), the Government co-funds a percentage of wage increases given to Singapore Citizen employees who earned a gross monthly wage of up to $5,000*. Enhanced Jobs Support Scheme. 4 The first tranche will be paid from 15 April 2020, based on wages paid from October-December 2019. However, employers can continue to make voluntary CPF contributions to the CPF accounts of employees on no-pay leave by applying for a separate CPF submission number with CPF Board. [Jobs Support Scheme] The May JSS payout will be disbursed to employers on PayNow Corporate or who have existing GIRO arrangements with IRAS on 28 May. Under the JSS, the Government co-funds between 25% to 75% of the first $4,600 of gross monthly wages paid to each local employee in a 10-month period (up to Aug 2020) and 10% to 50% of the same in the subsequent 7-month period (Sep 2020 to Mar 2021). Please note that the e-service to request for the detailed breakdown of JSS payouts will be available end July 2020. You may wish to refer to illustrations provided below … Divide by 33 (the number of usual hours for the JSS Open days in the pay period) Multiply by 18 (the number of non-working hours for the JSS Open days) Multiply by 66.67% = £174.01; This is made up of a 5% employer contribution, and a 61.67% government contribution which A Ltd can reclaim. 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. 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. The self-review for July 2020 payout is closed. If your primary business activity is not permitted by the Government, you will not be allowed to operate even if your company’s SSIC code falls within the permitted list. Click on the links below to find out more about JSS. Alternatively, companies may check if they are eligible for JSS via the IRAS website. This wage subsidy applies to every one of over 1.9 million local employees. This is to provide your clients with the wage support to tide over the Circuit Breaker period. Employers should only make mandatory CPF contributions to employees for the business entities they are working for, instead of artificially splitting the wages of its employees across related business entities to circumvent the $4,600 salary ceiling. No. Employers will receive five main JSS payouts in Apr 2020, Jul 2020, Oct 2020, Mar 2021, and Jun 2021, with an additional special payout in May 2020. Eligible companies will be notified by post of their tier of support and the amount of JSS payout payable to them. Employers that are selected for review are required to perform the following steps: Check whether there are any errors pertaining to your employees’ mandatory CPF contributions for the months of May, June, July and August 2020 which will affect the computation of the JSS payout. Tier 1 (only for Sep 2020 to Oct 2020 wages) 50% of the first $4,600 of gross monthly wages per local employee. Firms on GIRO and PayNow will start receiving their first JSS payout next week. out in October 2020 (see Table 1 for an overview of the JSS payment schedule). 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. The prevailing CPF contribution rates can be found on the CPF website. The May 2020 payout will also include back-payment for companies with qualifying shareholder-directors whose wages were excluded from the first JSS payout in April 2020. 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%. *CPF contributions for wages exceeding $4,600 are excluded in the computation of JSS payouts. Yes. SINGAPORE - More than 140,000 employers of local workers started receiving the first Jobs Support Scheme payout from Wednesday (April 15).. Read more at straitstimes.com. If the client decide to terminate the contract, the labour supplier would be able to retain the balance JSS benefits, and use it to pass on to your new client that your employee will work for, or offset the employees’ wages directly if your employee is not working for any client at the moment. Eligibility for JSS can also be checked via the IRAS website. Extension of JSS to cover wages paid in August 2020 The JSS will be extended by one month to cover wages paid in August 2020, bringing the total wage support under the JSS to ten months. receive the JSS payouts. 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. Besides raising the subsidies, the first JSS payout will be brought forward to April, with some firms to receive the first tranche next week. It may not correspond exactly to what you will be getting. The May payment will include back-payments for companies with qualifying shareholder-directors whose wages were excluded from the first JSS payout in April. 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. If you would like to make an appeal to IRAS, please click here. The payout will be in Oct 2020. amount of the cash subsidy than due to them. 4. To check whether you are in tier 1 or tier 2, check it here. The first tranche will be paid from 15 April 2020, based on wages paid from October-December 2019. A total of $7 billion, which will go to more than 140,000 employers, has been set aside to help cover the wages of over 1.9 million local employees here. You may wish to pass on the JSS benefits on a monthly basis, in line with the payment schedule. Alternatively, companies may check if they are eligible for JSS via the IRAS website. The JSS is tied to the payroll of workers for the qualifying UEN. SINGAPORE - Over $4 billion under the Jobs Support Scheme (JSS) will be paid out to 140,000 employers from July 29 to help them retain their workers.. The Jobs Support Scheme has been enhanced to cover monthly wages over 10 months (capped at $4,600/month) paid to local employees with co-funding rate: Worth more than S$5.5 billion, the subsidy will be given to 1.9 million local companies. Please refer here for more information. SINGAPORE - More than 140,000 employers of local workers started receiving the first Jobs Support Scheme payout from Wednesday (April 15).. mandatory CPF contributions based on inflated wages to increase the amount of JSS subsidy. As announced in April, the JSS has been extended to cover wages of local employees who are shareholders and directors (shareholder-directors) of companies. This will help businesses to … You may wish to write in to covid_gobusiness@mti.gov.sg to review your case. The first tranche will be paid from 15 April 2020, based on wages paid from October-December 2019. This form is for employers to appeal for higher tier co-funding under the JSS, or employers with other circumstances. Find out if you’re eligible to claim the Job Retention Bonus and what you need to do to claim it. The Ministry of Finance (MOF) announced on Sunday (10 May) that 32 companies have returned the Government’s Jobs Support Scheme (JSS) payouts and pledged to decline future JSS payouts. Enhanced Jobs Support Scheme. You’ll need to check which type of support you are eligible for and check which employees you can claim for. CPF Board website). Key Takeaways. Tier 2 (for Nov 2020 to Mar 2021 wages) 30% of the first $4,600 of gross monthly wages per local employee. The May 2020 and subsequent JSS payouts will include support for qualifying shareholder-directors. Companies can log in to myTax portal: https://mytax.iras.gov.sg/ESVWeb/default.aspx to check the JSS tier that they qualify for. You may write to covid_gobusiness@mti.gov.sg to submit a request. Individuals are reminded that providing their personal information to some employers to facilitate such schemes may make them accomplices to the fraud, resulting in criminal liability for the individuals. 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. 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. Totalling over $7 billion, the payouts will help to cover the wages of over 1.9 million local employees in Singapore. It calculates JSS payout from monthly wages whereas the actual JSS payout is derived from your CPF contribution. 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. (For more details on making voluntary CPF contributions for employees, please find out more at the IRAS will automatically notify the JSS payout to you. Here’s What You Need to Know: As part of the 2021 Budget Covid-19 Resilience Package announced on February 16 2021, the JSS will be extended for a further 6 months for the most severely affected enterprises.The JSS which was due to end after March 2021, will now be extended by another 6 months to cover the April to September 2021 period. The first tranche, paid from 15 April 2020, is based on wages paid from October-December 2019. The payouts will be given to more than 140,000 employers to … Employers who put local employees on mandatory no-pay-leave or retrench them will not be entitled to the enhanced JSS payout for those employees. You may also refer to the guidelines on self-check on the IRAS website: JSS Infographics (1240kb) In addition, help will be given to ease labour costs of employers who have hired foreign workers, to help them take care of these workers during this circuit breaker period. Table 1: JSS Payment Schedule Month of Payout Payout Details Payout computed based on wages paid in: Wages derived based on CPF contributions made by: Apr 2020 The first payout in April will be computed based on the wages paid in October, November and December 2019, and CPF contributions must be made by 14 February 2020. The first JSS payout will be brought forward from May to April 2020. In such instance, you can submit an appeal to IRAS to request for 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. 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. Employers should not make any mandatory CPF contributions to individuals who are not their genuine employees. Previously on 6 April, Mr Heng announced in Parliament that the wage subsidies will cover 75 per cent of gross monthly wages, for the first S$4,600 of wages paid in April. … Companies that have chosen to remain closed even though they are allowed to resume operations will not qualify for the Circuit Breaker tier JSS of 75%.