25 February 2013 22:29
Singapore Budget 2013

Singapore Budget 2013 - Measures to cope with rising cost of living

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Measures to cope with rising cost of living

The government has introduced a slew of measures to help Singaporeans cope with the rising cost of living.

These measures include income tax rebates, extra GST Voucher and Service & Conservancy Charges rebates.

Taxpayers who are 60 years and above will enjoy a higher income tax rebate of 50 per cent, capped at S$1,500, while those below 60 years old will get a rebate of 30 per cent.

Singaporeans will also get an extra one-off GST Voucher on top of the permanent voucher.

Those living in HDB flats will receive rebates of one to three months for Service & Conservancy Charges.

One- and two-room HDB households will receive three months of rebates for 2013, while three- and four-room households will get two months of rebates.

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