Regulation 1
Citation
These Regulations are the Goods and Services Tax Voucher Fund Regulations 2014.
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Goods and Services Tax Voucher Fund Regulations 2014 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation GSTVFA-S5-2014 2012, currently marked in force and first recorded in 2012.
Part 1
Citation
These Regulations are the Goods and Services Tax Voucher Fund Regulations 2014.
Definitions
In these Regulations —“annual value” has the meaning given by section 2 of the Property Tax Act 1960 and is to be ascertained in the same manner as under that Act;“assessable income” has the meaning given by section 37 of the Income Tax Act 1947;“Assurance Package — Cash” means the component of financial assistance provided under the GSTV scheme and known as the Assurance Package — Cash;“Assurance Package — Medisave” means the component of financial assistance provided under the GSTV scheme and known as the Assurance Package — Medisave;“Assurance Package — Seniors’ Bonus” means the component of financial assistance provided under the GSTV scheme and known as the Assurance Package — Seniors’ Bonus;“authorised occupier” has the meaning given by section 2 of the Housing and Development Act 1959;“conservancy and service charges” means the conservancy and service charges levied by a Town Council under section 53(1) of the Town Councils Act 1988;“essential occupier”, in relation to an HDB flat, means any authorised occupier of the flat who, together with any owner or other authorised occupier of the flat, will form the necessary family or social nucleus to qualify the owner to purchase or to continue to own the flat;“executive condominium unit” means any housing accommodation in a development comprising housing accommodation under the executive condominium scheme established under the Executive Condominium Housing Scheme Act 1996;“GSTV — Cash” means the component of financial assistance provided under the GSTV scheme and known as the Goods and Services Tax Voucher — Cash;“GSTV — Conservancy and Service Charges (Rebate)” means the component of financial assistance provided under the GSTV scheme and known as the Goods and Services Tax Voucher — Conservancy and Service Charges (Rebate);“GSTV — Medisave” means the component of financial assistance provided under the GSTV scheme and known as the Goods and Services Tax Voucher — Medisave;“GSTV — U‑Save” means the component of financial assistance provided under the GSTV scheme and known as the Goods and Services Tax Voucher — U‑Save;“GSTV scheme” means the public scheme known as the Goods and Services Tax Voucher scheme;“HDB flat” means any residential flat, house or other living accommodation that is sold, transferred, assigned or otherwise disposed of or leased by the Housing and Development Board under the Housing and Development Act 1959 or by an approved developer (as defined under section 87 of that Act) under Part 4B of that Act or that is rented from the Housing and Development Board, but does not include an executive condominium unit;“Housing and Development Board” means the Housing and Development Board established under the Housing and Development Act 1959;“medisave account”, in relation to an individual, means a medisave account maintained under section 13 of the Central Provident Fund Act 1953 for that individual;“property” means any real property;“Town” and “Town Council” have the meanings given by section 2(1) of the Town Councils Act 1988;“utility charge” means the charge that is payable for the supply of water, electricity, gas (but not bottled gas) or sewerage services with respect to any HDB flat;“year of assessment” has the meaning given by section 2(1) of the Income Tax Act 1947.
“annual value” has the meaning given by section 2 of the Property Tax Act 1960 and is to be ascertained in the same manner as under that Act;
“assessable income” has the meaning given by section 37 of the Income Tax Act 1947;
“Assurance Package — Cash” means the component of financial assistance provided under the GSTV scheme and known as the Assurance Package — Cash;
“Assurance Package — Medisave” means the component of financial assistance provided under the GSTV scheme and known as the Assurance Package — Medisave;
“Assurance Package — Seniors’ Bonus” means the component of financial assistance provided under the GSTV scheme and known as the Assurance Package — Seniors’ Bonus;
“authorised occupier” has the meaning given by section 2 of the Housing and Development Act 1959;
“conservancy and service charges” means the conservancy and service charges levied by a Town Council under section 53(1) of the Town Councils Act 1988;
“essential occupier”, in relation to an HDB flat, means any authorised occupier of the flat who, together with any owner or other authorised occupier of the flat, will form the necessary family or social nucleus to qualify the owner to purchase or to continue to own the flat;
“executive condominium unit” means any housing accommodation in a development comprising housing accommodation under the executive condominium scheme established under the Executive Condominium Housing Scheme Act 1996;
“GSTV — Cash” means the component of financial assistance provided under the GSTV scheme and known as the Goods and Services Tax Voucher — Cash;
“GSTV — Conservancy and Service Charges (Rebate)” means the component of financial assistance provided under the GSTV scheme and known as the Goods and Services Tax Voucher — Conservancy and Service Charges (Rebate);
“GSTV — Medisave” means the component of financial assistance provided under the GSTV scheme and known as the Goods and Services Tax Voucher — Medisave;
“GSTV — U‑Save” means the component of financial assistance provided under the GSTV scheme and known as the Goods and Services Tax Voucher — U‑Save;
“GSTV scheme” means the public scheme known as the Goods and Services Tax Voucher scheme;
“HDB flat” means any residential flat, house or other living accommodation that is sold, transferred, assigned or otherwise disposed of or leased by the Housing and Development Board under the Housing and Development Act 1959 or by an approved developer (as defined under section 87 of that Act) under Part 4B of that Act or that is rented from the Housing and Development Board, but does not include an executive condominium unit;
“Housing and Development Board” means the Housing and Development Board established under the Housing and Development Act 1959;
“medisave account”, in relation to an individual, means a medisave account maintained under section 13 of the Central Provident Fund Act 1953 for that individual;
“Town” and “Town Council” have the meanings given by section 2(1) of the Town Councils Act 1988;
“utility charge” means the charge that is payable for the supply of water, electricity, gas (but not bottled gas) or sewerage services with respect to any HDB flat;
“year of assessment” has the meaning given by section 2(1) of the Income Tax Act 1947.
GSTV scheme
The moneys in the Fund may be withdrawn to provide financial assistance under a public scheme known as the GSTV scheme.
THE SCHEDULE
PART 1
Regulation 6
AMOUNT OF CASH GRANT UNDER
GSTV — CASH
FOR RELEVANT YEAR 2025 OR LATER
Annual value of property, as at 31 December
in the year immediately preceding the relevant year
Less than or
equal to $21,000
More than $21,000 but
less than or equal to $31,000
$850
$450
PART 2
Regulation 10
AMOUNT OF TOP-UP IN MEDISAVE ACCOUNT UNDER
GSTV — MEDISAVE
FOR RELEVANT YEAR 2025 OR LATER
Age in relevant year
Annual value of property, as at 31 December
in the year immediately preceding the relevant year
Less than or
equal to $21,000
More than $21,000 but
less than or equal to
$31,000
65 to 74 years old
$250
$150
75 to 84 years old
$350
$250
85 years old and
above
$450
$350
Goods and Services
Tax Voucher Fund
Regulations 2014
p. 24
PART 3
Regulation 14
AMOUNT OF REBATE OR CREDIT UNDER
GSTV — U‑SAVE
Type of HDB flat
Amount of rebate or credit for utilities
account for a specified month that is
January 2023, January 2024, July 2024,
January 2025, July 2025 and
January 2026
Amount of rebate or
credit for utilities
account for any other
specified month
1‑room and 2‑room flats
$190
$95
3‑room flat
$170
$85
4‑room flat
$150
$75
5‑room flat
$130
$65
Executive flat /
Multi‑Generation flat
$110
$55
PART 4
Regulation 18
PROPORTION OF CONSERVANCY AND SERVICE
CHARGES IN RELATION TO WHICH REBATE OR
CREDIT PROVIDED UNDER GSTV — CONSERVANCY
AND SERVICE CHARGES (REBATE)
Type of HDB flat
Proportion of
conservancy and
service charges in
relation to which a
rebate or credit
may be provided in
April in any year
Proportion of
conservancy and
service charges in
relation to which a
rebate or credit
may be provided in
July in any year
Proportion of
conservancy and
service charges in
relation to which a
rebate or credit
may be provided in
October in any
year
Proportion of
conservancy and
service charges in
relation to which a
rebate or credit
may be provided in
January in any
year
1‑room and 2‑room flats
100%
100%
100%
50%
3‑room flat
100%
50%
50%
50%
4‑room flat
100%
50%
50%
50%
5‑room flat
50%
50%
50%
50%
Executive flat /
Multi‑Generation flat
50%
50%
50%
0%
Goods and Services
Tax Voucher Fund
Regulations 2014
p. 25
PART 5
Regulation 22
AMOUNT OF CASH GRANT UNDER
ASSURANCE PACKAGE — SENIORS’ BONUS
FOR RELEVANT YEAR 2025
Age in relevant year
Annual value of residence, as at 31 July
in the year immediately preceding the relevant year
Less than or
equal to $21,000
More than $21,000 but
less than or equal to $31,000
55 to 64 years old
$250
$200
65 years old and older
$300
$200
PART 6
Regulation 26
AMOUNT OF CASH GRANT UNDER
ASSURANCE PACKAGE — CASH
Division 1 — Where relevant year is 2022
Beneficial
ownership of
property
Individual does not beneficially own (whether alone, jointly
or in common with another) any estate or interest in more
than one property, whether situated in or outside Singapore;
or
Individual beneficially owns (whether alone, jointly or in
common with another) an estate or interest in 2 or more
HDB flats, and does not beneficially own (whether alone,
jointly or in common with another) any estate or interest in
any other property, whether situated in or outside Singapore
Any other case
Assessable income
for the year of
assessment that is
the relevant year is
less than or equal to
$34,000
Assessable income
for the year of
assessment that is
the relevant year is
more than $34,000
but less than or
equal to $100,000
Assessable income
for the year of
assessment that is
the relevant year is
more than $100,000
Assessable income
for the year of
assessment that is
the relevant year is
any amount
Relevant
year 2022
$200
$150
$100
$100
Goods and Services
Tax Voucher Fund
Regulations 2014
p. 26
Division 2 — Where relevant year is 2023 or 2024
Beneficial
ownership of
property
Individual does not beneficially own (whether alone, jointly
or in common with another) any estate or interest in more
than one property, whether situated in or outside Singapore;
or
Individual beneficially owns (whether alone, jointly or in
common with another) an estate or interest in 2 or more
HDB flats, and does not beneficially own (whether alone,
jointly or in common with another) any estate or interest in
any other property, whether situated in or outside Singapore
Any other case
Assessable income
for the year of
assessment that is
the year immediately
preceding the
relevant year is less
than or equal to
$34,000
Assessable income
for the year of
assessment that is
the year immediately
preceding the
relevant year is more
than $34,000 but
less than or equal to
$100,000
Assessable income
for the year of
assessment that is
the year immediately
preceding the
relevant year is more
than $100,000
Assessable income
for the year of
assessment that is
the year immediately
preceding the
relevant year is any
amount
Relevant
year 2023
$600
$350
$200
$200
Relevant
year 2024
$600
$350
$200
$200
Goods and Services
Tax Voucher Fund
Regulations 2014
p. 27
Division 3 — Where relevant year is any year after 2024
Beneficial
ownership of
property
Individual does not beneficially own (whether alone, jointly
or in common with another) any estate or interest in more
than one property, whether situated in or outside Singapore;
or
Individual beneficially owns (whether alone, jointly or in
common with another) an estate or interest in 2 or more
HDB flats, and does not beneficially own (whether alone,
jointly or in common with another) any estate or interest in
any other property, whether situated in or outside Singapore
Any other case
Assessable income
for the year of
assessment that is
the year immediately
preceding the
relevant year is less
than or equal to
$39,000
Assessable income
for the year of
assessment that is
the year immediately
preceding the
relevant year is more
than $39,000 but
less than or equal to
$100,000
Assessable income
for the year of
assessment that is
the year immediately
preceding the
relevant year is more
than $100,000
Assessable income
for the year of
assessment that is
the year immediately
preceding the
relevant year is any
amount
Relevant
year 2025
$600
$350
$100
$100
Relevant
year 2026
$250
$150
$100
$100
Goods and Services
Tax Voucher Fund
Regulations 2014
p. 28
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