The 2021 GST Voucher is the Government of Singapore’s latest initiative to help eligible Singaporean seniors aged 65 and above to cope with the rising cost of living. It is part of the government’s effort to support the elderly in Singapore.
What is the GST Voucher?
The GST Voucher is a one-off payment given to eligible Singaporean seniors aged 65 and above. The amount of the voucher depends on the senior citizen’s annual income, with higher-income seniors receiving larger amounts. The voucher can be used to offset Goods and Services Tax (GST) charges.
Who is Eligible for the GST Voucher?
To be eligible for the GST Voucher, you must be a Singapore Citizen aged 65 and above. You must also have an annual income of $26,000 or less. The amount of the voucher you receive will depend on your annual income.
How to Apply for the GST Voucher?
To apply for the GST Voucher, you must fill out the GST Voucher form, which is available from the IRAS website. You must submit the form along with your latest income tax assessment notice and other supporting documents to the IRAS.
When Will I Receive the GST Voucher?
You will receive the GST Voucher in two payments: an advance payment and a final payment. The advance payment is made in July, while the final payment is made in October.
How Can I Use the GST Voucher?
The GST Voucher can be used to offset Goods and Services Tax (GST) charges. It can be used to purchase essential items such as food, healthcare and education.
Conclusion
The GST Voucher is a one-off payment given to eligible Singaporean seniors aged 65 and above. It is part of the government’s effort to support the elderly in Singapore and to help them cope with the rising cost of living. To apply for the GST Voucher, you must fill out the GST Voucher form, which is available from the IRAS website. You will receive the GST Voucher in two payments: an advance payment in July and a final payment in October.