- How To Decide When To Refinance Or Reprice For Your Loans
- Why Open A Business Account With A Bank?
- Guide to Incorporating A Business And Setting Up A Business Account
- The Best SME Business Account In Singapore 2023
- Who's Liable For Your Debt After You Pass On?
- Guide To Home Office Scheme In Singapore
- You've Heard It Before: Charitable Donations Can Help Your Business With Your Taxes. But How?
- Can Directors be Liable for Company Debts in Singapore?
- Complete Guide to Hiring Property Conveyancing Lawyer In Singapore
- Who Acts As A Guarantor In A Business Loan? A Detailed Legal Advice Before You Become a Loan Guarantor!
COVID-19: 940,000 HDB Households To Receive $134mil In S&CC Rebate
In total, each eligible household will receive 1.5 to 3.5 months of S&CC rebate, depending on their flat type.
Around 940,000 Singaporean Housing and Development Board (HDB) households will receive Service and Conservancy Charges (S&CC) rebate worth $134 million from April 2020 to March 2021, revealed the Ministry of Finance (MOF) on Wednesday (25 March).
The rebate is part of the Care and Support Package unveiled during Budget 2020 to help households with their expenses.
In total, each eligible household will receive 1.5 to 3.5 months of S&CC rebate, depending on their flat type.
Specifically, HDB households living in one- and two-room types will get 3.5 months of rebate, while those staying in three- and four-room types will receive 2.5 months. Those living in five-room types will enjoy two months’ worth of rebate while executive or multi-generation room owners will be offered 1.5 months.
“They will be notified through letters from end-March, and will receive their quarterly S&CC Rebate in April, July and October 2020, as well as January 2021,” said the ministry.
The S&CC rebate has been paid out by the government annually since 2013 to help directly offset the S&CC payments of HDB households.
“Households that pay their S&CC through GIRO do not need to take any action as their respective town council will make arrangements directly with their banks,” explained the MOF.
-------------------------------------------------------------------------------------------------------
Not sure whether your company can be qualified for bank loans or alternative lending? Try our A.I assisted loan, and Smart Towkay team will send you a lending report within 24 hours' time. With the lending report, we aggregate and recommend the highest chance of approval be it with BANKS / FINANCIAL INSTITUTIONS or Alternative lenders like Peer to Peer Lenders or even B2B lender!
Got a Question?
WhatsApp Us, Our Friendly Team will get back to you asap :)
Share with us your thoughts by leaving a comment below!
Stay updated with the latest business news and help one another become Smarter Towkays. Subscribe to our Newsletter now!
.jpeg)
