As a Singapore taxpayer, I look forward to the annual Budget announcement every year to see what kind of “rebates” I get back.
Here is a quick summary for WhatCard readers based on information from the Straits Times’ live blog (https://www.straitstimes.com/budget-2020-live-blog), summarized for you:
If you are a Singaporean aged 25 and up, you get: $500 SkillsFuture top-up (available from 1st Oct and expiring in 2025, a.k.a. the next election year) $100-$300 cash
If you are thinking of getting an electric vehicle either for personal or for your Grabcar commercial vehicle, you get: Rebate of up to 45 per cent on the additional registration fee, capped at $20,000 This is on top of the existing VES, where car buyers and taxi operators who choose cleaner car models can receive an upfront rebate of up to S$20,000