What is Goods and Services Tax Voucher Fund Regulations 2014?

Goods and Services Tax Voucher Fund Regulations 2014 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation GSTVFA-RG2 2012, currently marked in force and first recorded in 2012.

Is Goods and Services Tax Voucher Fund Regulations 2014 still in force?

Yes — Goods and Services Tax Voucher Fund Regulations 2014 is currently in force.

How many regulations does Goods and Services Tax Voucher Fund Regulations 2014 have?

Goods and Services Tax Voucher Fund Regulations 2014 contains 33 regulations.

Where can I read the official version of Goods and Services Tax Voucher Fund Regulations 2014?

The official text of Goods and Services Tax Voucher Fund Regulations 2014 is published at sso.agc.gov.sg.

Goods and Services Tax Voucher Fund Regulations 2014 (2012, GSTVFA-RG2)

Q: When did Goods and Services Tax Voucher Fund Regulations 2014 take effect?

Goods and Services Tax Voucher Fund Regulations 2014 was first recorded in 2012.

Regulation 1

Citation

These Regulations are the Goods and Services Tax Voucher Fund Regulations 2014.

Regulation 2

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.

Definition

“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;

Definition

“assessable income” has the meaning given by section 37 of the Income Tax Act 1947;

Definition

“Assurance Package — Cash” means the component of financial assistance provided under the GSTV scheme and known as the Assurance Package — Cash;

Definition

“Assurance Package — Medisave” means the component of financial assistance provided under the GSTV scheme and known as the Assurance Package — Medisave;

Definition

“Assurance Package — Seniors’ Bonus” means the component of financial assistance provided under the GSTV scheme and known as the Assurance Package — Seniors’ Bonus;

Definition

“authorised occupier” has the meaning given by section 2 of the Housing and Development Act 1959;

Definition

“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;

Definition

“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;

Definition

“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;

Definition

“GSTV — Cash” means the component of financial assistance provided under the GSTV scheme and known as the Goods and Services Tax Voucher — Cash;

Definition

“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);

Definition

“GSTV — Medisave” means the component of financial assistance provided under the GSTV scheme and known as the Goods and Services Tax Voucher — Medisave;

Definition

“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;

Definition

“GSTV scheme” means the public scheme known as the Goods and Services Tax Voucher scheme;

Definition

“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;

Definition

“Housing and Development Board” means the Housing and Development Board established under the Housing and Development Act 1959;

Definition

“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;

Definition

“property” means any real property;

Definition

“Town” and “Town Council” have the meanings given by section 2(1) of the Town Councils Act 1988;

Definition

“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;

Definition

“year of assessment” has the meaning given by section 2(1) of the Income Tax Act 1947.

Regulation 3

GSTV scheme

The moneys in the Fund may be withdrawn to provide financial assistance under a public scheme known as the GSTV scheme.

Regulation 4

Cash grants under GSTV — Cash

The nature of financial assistance under the GSTV — Cash that may be met from moneys in the Fund is the provision of cash grants to any individual who meets or is deemed to meet the eligibility criteria in regulation 5.

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.

Regulation 6

Amount of cash grant under GSTV — Cash

The amount of cash grant under the GSTV — Cash that may be disbursed to an individual who meets or is deemed to meet the eligibility criteria in regulation 5 is —

(a)

for the relevant year 2022 or 2023 — as specified in Part I of the Schedule as in force immediately before 1 January 2024;

(b)

for the relevant year 2024 — as specified in Part I of the Schedule as in force immediately before 1 January 2025; and

(c)

for the relevant year 2025 or later — as specified in Part 1 of the Schedule.

Regulation 7

Time and manner of disbursement of cash grant

The Minister may determine when and in what manner a cash grant under the GSTV — Cash may be disbursed, in any relevant year, to an individual.

Regulation 8

Contributions to medisave account under GSTV — Medisave

The nature of financial assistance under the GSTV — Medisave that may be met from moneys in the Fund is the provision of contributions to the medisave account of any individual who meets or is deemed to meet the eligibility criteria in regulation 9.

Regulation 9

Eligibility criteria for GSTV — Medisave

Subregulation 1

To be eligible to receive a contribution to an individual’s medisave account under the GSTV — Medisave in any year (called in this Part the relevant year), the individual must satisfy all of the following eligibility criteria:

(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 contribution to the individual’s medisave account is assessed;

(b)

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

(c)

the individual attains 65 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.

Subregulation 2

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.

Regulation 10

Amount of contribution to medisave account

The amount of contribution under the GSTV — Medisave in any relevant year to the medisave account of an individual who meets or is deemed to meet the eligibility criteria in regulation 9 is as specified in Part 2 of the Schedule corresponding to the individual’s age in the relevant year.

Regulation 11

Time of disbursement of financial assistance under GSTV — Medisave

The Minister may determine when financial assistance under the GSTV — Medisave may be disbursed, in any relevant year, to an individual.

Regulation 12

Rebate or credit on utility charges under GSTV — U‑Save

The nature of financial assistance under the GSTV — U‑Save that may be met from moneys in the Fund is the provision of rebates or credits on the utility charges of an HDB flat payable by any individual who meets or is deemed to meet the eligibility criteria in regulation 13.

Regulation 13

Eligibility criteria for GSTV — U‑Save

Subregulation 1

To be eligible to receive a rebate or credit on utility charges payable for January, April, July or October in any year (called in this Part a specified month), an individual must be a utilities account holder for utility charges with respect to a qualifying HDB flat, when the rebate or credit on utility charges is credited into that utilities account.

Subregulation 2

For the purposes of determining under paragraph (1) an individual’s eligibility to receive a rebate or credit under the GSTV — U‑Save on utility charges payable for a specified month, a qualifying HDB flat means —

(a)

in the case of an HDB flat that is wholly sublet with the approval of the Housing and Development Board or is rented from that Board, such an HDB flat whose occupants during the month immediately preceding the specified month satisfy the conditions in paragraph (3); or

(b)

in any other case, an HDB flat where, during the month immediately preceding the specified month —

(i)

the owner is the occupant; and

(ii)

the remaining occupants satisfy the conditions in paragraph (4).

Subregulation 3

In the case of an HDB flat that is wholly sublet with the approval of the Housing and Development Board or is rented from that Board —

(a)

at least one of the authorised occupiers is a citizen of Singapore; and

(b)

each authorised occupier —

(i)

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)

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.

Subregulation 4

In the case of any other HDB flat —

(a)

either the owner, an essential occupier, or an authorised occupier (who is not a tenant of the flat to whom the owner has rented the flat in part) of the flat is a citizen of Singapore; and

(b)

the owner and each essential occupier —

(i)

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)

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.

Regulation 14

Amount of rebate or credit on utility charges payable

The amount of rebate or credit on utility charges payable for any specified month with respect to an HDB flat is as specified in Part 3 of the Schedule corresponding to the type of HDB flat.

Regulation 15

Time of disbursement of financial assistance under GSTV — U‑Save

The Minister may determine when an individual may receive a rebate or credit under the GSTV — U‑Save on utility charges payable for a specified month.

Regulation 16

Rebate or credit on conservancy and service charges under GSTV — Conservancy and Service Charges (Rebate)

The nature of financial assistance under the GSTV — Conservancy and Service Charges (Rebate) that may be met from moneys in the Fund is the provision of rebates or credits on part or all of the conservancy and service charges in respect of an HDB flat, payable to the Town Council of a Town in which the HDB flat is located, by any individual who meets or is deemed to meet the eligibility criteria in regulation 17.

Regulation 17

Eligibility criteria for GSTV — Conservancy and Service Charges (Rebate)

Subregulation 1

To be eligible to receive a rebate or credit on conservancy and service charges payable for April, July, October or January in any year (called in this Part a specified month), an individual must be an owner or a tenant of a qualifying HDB flat, when conservancy and service charges for a specified month are payable to the Town Council of the Town in which the qualifying HDB flat is located.

Subregulation 2

For the purposes of determining under paragraph (1) an individual’s eligibility to receive a rebate or credit on conservancy and service charges in a specified month, a qualifying HDB flat means —

(a)

in the case of an HDB flat that is rented from the Housing and Development Board, such an HDB flat of which the occupants during the specified month satisfy the conditions in paragraph (3); or

(b)

in any other case, an HDB flat of which the owner is the occupant during the specified month and the remaining occupants during that month satisfy the conditions in paragraph (4).

Subregulation 3

In the case of an HDB flat that is rented from the Housing and Development Board —

(a)

the HDB flat is not wholly sublet;

(b)

at least one of the authorised occupiers is a citizen of Singapore; and

(c)

each authorised occupier does not beneficially own (whether alone, jointly or in common with another) any estate or interest in any property, whether situated in or outside Singapore, other than any estate or interest in one or more HDB flats.

Subregulation 4

In the case of any other HDB flat —

(a)

the HDB flat is not wholly sublet;

(b)

either the owner, an essential occupier, or an authorised occupier (who is not a tenant of the flat to whom the owner has rented the flat in part) of the flat is a citizen of Singapore; and

(c)

the owner and each essential occupier do not beneficially own (whether alone, jointly or in common with another) any estate or interest in any property, whether situated in or outside Singapore, other than any estate or interest in one or more HDB flats.

Regulation 18

Proportion of conservancy and service charges in relation to which rebate or credit provided

The proportion of conservancy and service charges for any specified month under the GSTV — Conservancy and Service Charges (Rebate) with respect to an HDB flat is as specified in Part 4 of the Schedule corresponding to the type of HDB flat.

Regulation 19

Time of disbursement of financial assistance under GSTV — Conservancy and Service Charges (Rebate)

The Minister may determine when the conservancy and service charges with respect to an HDB flat may be paid to the Town Council of the Town in which the HDB flat is located under the GSTV — Conservancy and Service Charges (Rebate).

Regulation 20

Cash grants under Assurance Package — Seniors’ Bonus

The nature of financial assistance under the Assurance Package — Seniors’ Bonus that may be met from moneys in the Fund is the provision of cash grants to any individual who meets or is deemed to meet the eligibility criteria in regulation 21.

Regulation 21

Eligibility criteria for Assurance Package — Seniors’ Bonus

Subregulation 1

To be eligible to receive a cash grant under the Assurance Package — Seniors’ Bonus in 2023, 2024 or 2025 (called in this Part a relevant year), an individual must satisfy all of the following eligibility criteria:

(a)

the individual must —

(i)

either —

(A)

for a cash grant in 2023, 2024 or 2025 — be a citizen of Singapore and no other country on 31 July in the year immediately preceding the relevant year; or

(B)

for a cash grant in 2024 or 2025 — become a citizen of Singapore on any day within the period starting on 1 August in the year immediately preceding the relevant year and ending on 30 July in the relevant year (both dates inclusive) and during that period, the individual does not become a citizen of any other country; and

(ii)

not cease to be a citizen of Singapore when the individual’s eligibility for the cash grant is assessed;

(b)

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

(c)

the individual attains 55 years of age or any older age at any time in the relevant year;

(d)

for a cash grant in 2023 — on 31 July 2022, the individual’s residence is a property with an annual value not exceeding $21,000;

(e)

for a cash grant in 2024 — on 31 July 2023, the individual’s residence is a property with an annual value not exceeding $25,000;

(f)

for a cash grant in 2025 — on 31 July 2024, the individual’s residence is a property with an annual value not exceeding $31,000;

(g)

on 31 July 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;

(h)

the individual’s assessable income does not exceed $34,000 —

(i)

for the year of assessment that is the year immediately preceding the relevant year, where the relevant year is 2023; or

(ii)

for the year of assessment that is the second year immediately preceding the relevant year, where the relevant year is 2024 or 2025.

Subregulation 2

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.

Regulation 22

Amount of cash grant under Assurance Package — Seniors’ Bonus

The amount of cash grant under the Assurance Package — Seniors’ Bonus that may be disbursed to an individual who meets or is deemed to meet the eligibility criteria in regulation 21 is —

(a)

for the relevant year 2023 — as specified in Part V of the Schedule as in force immediately before 1 January 2024;

(b)

for the relevant year 2024 — as specified in Part V of the Schedule as in force immediately before 1 January 2025; and

(c)

for the relevant year 2025 — as specified in Part 5 of the Schedule.

Regulation 23

Time and manner of disbursement of cash grant

The Minister may determine when and in what manner a cash grant under the Assurance Package — Seniors’ Bonus may be disbursed, in any relevant year, to an individual.

Regulation 24

Cash grants under Assurance Package — Cash

The nature of financial assistance under the Assurance Package — Cash that may be met from moneys in the Fund is the provision of cash grants to any individual who meets or is deemed to meet the eligibility criteria in regulation 25.

Regulation 25

Eligibility criteria for Assurance Package — Cash

Subregulation 1

To be eligible to receive a cash grant under the Assurance Package — Cash in 2022, 2023, 2024, 2025 or 2026 (called in this Part a 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 20 years of age or any older age at any time in the relevant year.

Subregulation 2

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

(a)

the individual —

(i)

either —

(A)

for a cash grant in 2022, 2023, 2024, 2025 or 2026 — is a citizen of Singapore and no other country on 31 July in the relevant year; or

(B)

for a cash grant in 2023, 2024, 2025 or 2026 — becomes a citizen of Singapore on any day within the period starting on 1 August in the relevant year and ending on 30 July in the year immediately after 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)

for a cash grant in 2022, 2023, 2024, 2025 or 2026 — is a citizen of Singapore on 31 July in the relevant year; or

(B)

for a cash grant in 2023, 2024, 2025 or 2026 — becomes a citizen of Singapore on any day within the period starting on 1 August in the relevant year and ending on 30 July in the year immediately after 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.

Regulation 26

Amount of cash grant under Assurance Package — Cash

The amount of cash grant under the Assurance Package — Cash that may be disbursed to an individual who meets or is deemed to meet the eligibility criteria in regulation 25 in any relevant year is as specified in Part 6 of the Schedule.

Regulation 27

Time and manner of disbursement of cash grant

The Minister may determine when and in what manner a cash grant under the Assurance Package — Cash may be disbursed, in any relevant year, to an individual.

Regulation 28

Contributions to medisave account under Assurance Package — Medisave

The nature of financial assistance under the Assurance Package — Medisave that may be met from moneys in the Fund is the provision of contributions to the medisave account of any individual who meets or is deemed to meet the eligibility criteria in regulation 29.

Regulation 29

Eligibility criteria for Assurance Package — Medisave

Subregulation 1

For an individual to be eligible to receive a contribution to the individual’s medisave account under the Assurance Package — Medisave in 2023, 2024 or 2025 (called in this Part a relevant year), the 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 —

(i)

attains 55 years of age or any older age at any time in the relevant year; or

(ii)

will be below 21 years of age on 31 December in the relevant year.

Subregulation 2

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

(a)

in the case of an individual mentioned in paragraph (1)(c)(i), the individual —

(i)

either —

(A)

for a contribution in 2023, 2024 or 2025 — is a citizen of Singapore and no other country on 31 July in the year immediately preceding the relevant year; or

(B)

for a contribution in 2024 or 2025 — becomes a citizen of Singapore on any day within the period starting on 1 August in the year immediately preceding the relevant year and ending on 30 July 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 contribution to the individual’s medisave account is assessed; or

(b)

in the case of an individual mentioned in paragraph (1)(c)(ii), the individual —

(i)

either —

(A)

for a contribution in 2023, 2024 or 2025 — is a citizen of Singapore on 31 July in the year immediately preceding the relevant year; or

(B)

for a contribution in 2024 or 2025 — becomes a citizen of Singapore on any day within the period starting on 1 August in the year immediately preceding the relevant year and ending on 30 July in the relevant year (both dates inclusive); and

(ii)

is a citizen of Singapore when the individual’s eligibility for the contribution to the individual’s medisave account is assessed, despite also being a citizen of another country.

Regulation 30

Amount of contribution to medisave account

The amount of contribution under the Assurance Package — Medisave in any relevant year to the medisave account of an individual who meets or is deemed to meet the eligibility criteria in regulation 29 is $150.

Regulation 31

Time of disbursement of financial assistance under Assurance Package — Medisave

The Minister may determine when financial assistance under the Assurance Package — Medisave may be disbursed, in any relevant year, to an individual.

Regulation 32

Person eligible for financial assistance to submit information or document

Subregulation 1

An individual who is eligible for or who seeks financial assistance under any public scheme mentioned in these Regulations must, where required and for the purpose of receiving such financial assistance, make an application (which must include a declaration as to the individual’s eligibility) for that financial assistance and submit any information or document —

(a)

in such form or manner as the Minister may provide;

(b)

within such time as the Minister may determine; and

(c)

to such person as the Minister may determine.

Subregulation 2

Where an individual mentioned in paragraph (1) is a child who is eligible for or who seeks financial assistance under any public scheme mentioned in these Regulations, a parent or legal guardian of the child may make the application mentioned in that paragraph on behalf of the child.

Subregulation 3

An individual who seeks financial assistance under the GSTV scheme and who fails or refuses to comply with this regulation may be refused such financial assistance.

Regulation 33

Waiver

Where —

(a)

an individual is in need of financial relief from goods and services tax; but(b)financial assistance under the GSTV — Cash, GSTV — Medisave, GSTV — U‑Save, GSTV — Conservancy and Service Charges (Rebate), Assurance Package — Seniors’ Bonus, Assurance Package — Cash, or Assurance Package — Medisave cannot be granted to the individual because that individual does not satisfy one or more eligibility criteria in regulation 5, 9, 13, 17, 21, 25 or 29, as the case may be,the Minister, or a public officer or person authorised by the Minister may, if the Minister personally, or authorised public officer or authorised person (as the case may be) thinks just and proper after having regard to all the circumstances of the individual’s case, waive all or any of the eligibility criteria in relation to that individual and disburse the financial assistance accordingly.

Goods and Services Tax Voucher Fund Regulations 2014

About this subsidiary legislation

PRELIMINARY

Definition

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Definition

GSTV — CASH

GSTV — MEDISAVE

GSTV — U-SAVE

GSTV — CONSERVANCY AND SERVICE CHARGES (REBATE)

ASSURANCE PACKAGE — SENIORS’ BONUS

ASSURANCE PACKAGE — CASH

ASSURANCE PACKAGE — MEDISAVE

MISCELLANEOUS

Common questions