Employers to receive final payment from Jobs Credit

IRAS will give a total of $230mln to more than 100,000 employers on 30 June.

More than 100,000 employers, who employ about 1.4 million local workers, will receive about $230 million in the second extension of the Jobs Credit on 30 June 2010. This is also the last payment of the Jobs Credit. In total, more than $4.3 billion has been paid to employers in six tranches since the Jobs Credit scheme was introduced in Budget 2009.

Eligible employers will receive a notification letter by 26 June 2010 from the Inland Revenue Authority of Singapore (IRAS), to inform them of the amount of Jobs Credit they will receive in the final payment, according to an IRAS report.

Any enquiries or appeals regarding this final payment must be submitted to IRAS by 31 August 2010.