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Eligible tenants and owner-occupiers “with PayNow or existing GIRO arrangements with IRAS can expect to receive the RSS cash payouts” from 6 August, while those without will receive cheques by 20 August.
Over 38,400 tenants and owner-occupiers will directly receive their first Rental Support Scheme (RSS) payouts from the government, without going through the landlords, from Friday (6 August).
In a joint statement issued on Thursday (5 August), the Inland Revenue Authority of Singapore (IRAS) and Ministry of Finance (MOF) said that the first round of payouts – totalling over $216 million – comes two weeks ahead of schedule.
“The new payout mechanism allows tenants to receive rental cash payment from the Government promptly and reduces compliance burden for landlords.”
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They noted that eligible tenants and owner-occupiers “with PayNow or existing GIRO arrangements with IRAS can expect to receive the RSS cash payouts” from 6 August, while those without will receive cheques by 20 August.
Small and medium enterprises (SMEs) as well as eligible non-profit organisations with an annual revenue of not more than $100 million, and are owner-occupiers or tenants of qualifying commercial properties, will get a payout equivalent to 0.5 month’s rent for the 14 to 29 May period.
In view of the tightened safe management measures following the return to Phase 2 (Heightened Alert) from 22 July to 18 August, there will be a second RSS cash payout, which will comprise an additional 0.5 month’s rent for qualifying owner-occupiers and tenants of privately-owned commercial properties.
The second payout will be disbursed in October, with MOF providing an update closer to the second RSS disbursement.
IRAS and MOF said eligible owner-occupiers and tenants will be notified of their RSS cash payout by post. They can also view the letter’s electronic copy by logging in to myTax Portal from 6 August.
“The cash payout will not be disbursed automatically to tenants who only rent part of a property, tenants who rent a mixed-use property (e.g. a shophouse for both retail and residential use), or to licensees,” they added.
Those who do not receive the payout notification can apply to IRAS from 16 August.
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Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this story, email: victorkang@propertyguru.com.sg
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