Singapore legislation

Regulation 5

of Goods and Services Tax Voucher Fund Regulations 2014

Regulation 5

Eligibility criteria for GSTV — Cash

Subregulation 1

To be eligible to receive a cash grant under the GSTV — Cash in any year (called in this Part the relevant year), an individual must satisfy all of the following eligibility criteria:

(a)

the individual satisfies the citizenship criteria mentioned in paragraph (2);

(b)

the individual must be resident in Singapore for any duration in the relevant year;

(c)

the individual attains 21 years of age or any older age at any time in the relevant year;

(d)

for the relevant year 2025 or later — on 31 December in the year immediately preceding the relevant year, the individual’s residence is a property with an annual value not exceeding $31,000;

(e)

on 31 December in the year immediately preceding the relevant year —

(i)

the 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

(ii)

the 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;

(f)

for the relevant year 2022, 2023 or 2024 — the individual’s assessable income for the year of assessment that is the year immediately preceding the relevant year does not exceed $34,000;

(g)

for the relevant year 2025 or later — the individual’s assessable income for the year of assessment that is the year immediately preceding the relevant year does not exceed $39,000.

Subregulation 2

In paragraph (1)(a), an individual satisfies the citizenship criteria if —

(a)

the individual —

(i)

either —

(A)

is a citizen of Singapore and no other country on 31 December in the year immediately preceding the relevant year; or

(B)

becomes a citizen of Singapore on any day within the period starting on 1 January in the relevant year and ending on 30 December in the relevant year (both dates inclusive) and during that period does not become a citizen of any other country; and

(ii)

is a citizen of Singapore when the individual’s eligibility for the cash grant is assessed; or

(b)

the individual —

(i)

either —

(A)

is a citizen of Singapore on 31 December in the year immediately preceding the relevant year; or

(B)

becomes a citizen of Singapore on any day within the period starting on 1 January in the relevant year and ending on 30 December in the relevant year (both dates inclusive);

(ii)

is a citizen of Singapore when the individual’s eligibility for the cash grant is assessed, despite also being a citizen of another country; and

(iii)

will be below 22 years of age on 31 December in the relevant year.

Subregulation 3

In this regulation, “residence”, in relation to an individual, means the place of residence in Singapore as shown in the individual’s identity card issued under the National Registration Act 1965 at the material time.

Read in full context — Goods and Services Tax Voucher Fund Regulations 2014 →