IRAS disburses $28.2b grants to support businesses, jobs in pandemic

The value was published in a release by IRAS.

The Inland Revenue Authority of Singapore announced that $28.2b of grants were awarded to businesses in the financial year (FY) 2020/2021.

This covers several initiatives for those affected by the pandemic, including the Wage Credit Scheme, Jobs Support Scheme, Government Cash Grant, and Jobs Growth Incentive.

Also announced in the report was a total tax collection amounting to $49.6b, which makes up 73.6% of the government operating revenue and 10.6% of the country’s gross domestic product. The recorded amount was 7.3% lower compared to the previous FY.

62% of the collection came from total income taxes and amounted to $30.5b, a 0.9% decrease from FY 2019/2020. Corporate income tax, meanwhile, stood at $16.1b, 3.7% lower than the previous year. Goods and services tax also slumped by 7.3% year-on-year to $10.3b.

Follow the link s for more news on

Inland Revenue Authority of Singapore

post-pandemic

Tax collection

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia