GST Credits Overview

GST Credits will help Singaporeans with the impact of the GST increase. All adult Singaporeans will receive GST Credits over 4 years. Those who earn less or live in smaller homes will receive more GST Credits.

Who can receive GST Credits?

To receive GST Credits, you must:

• Be a living Singapore citizen;
• Be aged 21 or above in the year of payout; and
• Sign up by 31 December of the year of payout.*

*You only need to sign up once to receive your GST Credits for that year and subsequent years that you qualify.

How much GST Credits can I receive?

The amount of GST Credits you can receive depends on:

(i) The Annual Value (AV) of your home in 2006 as assessed by IRAS (based on your NRIC address on 31 December 2006) for your 2007 payout, and the AV of your home in 2007 for your 2008 - 2010 payouts if your NRIC address does not change from 31 December 2007 to 31 December 2009*; and

(ii) Your Assessable Income (AI) for the Year of Assessment preceding the year of payout (for example, your 2007 payout depends on your AI for Year of Assessment 2006, which is the income you earned in calendar year 2005 as assessed by IRAS); and

(iii) NS Status (All NSF/NSmen will be entitled to a once-off bonus of $100).

* If your NRIC address changes in 2008 or you newly qualify for these payouts (i.e. new citizen or newly turned 21) in 2009, the AV of your home in 2008 will be used to determine your 2009 and 2010 payouts. Likewise, if your NRIC address changes in 2009 or newly qualify in 2010, the AV of your home in 2009 will be used to determine your 2010 payout. The AV cut-offs will also be adjusted to broadly maintain the distribution of benefits that was intended when the GST Offset Package was announced in Feb 2007.

GST Credits in 2007 (and 2008):

GST Credits in 2009 (and 2010):

For Singaporeans whose NRIC address has not changed from 31 Dec 2007 to 31 Dec 2009:

For Singaporeans whose NRIC address changes in 2008 or 2009, and those who are receiving GST Credits for the first time in 2009 or 2010:

*If an individual has already received a payout in previous years, he will not receive the $100. NSFs/NSmen will receive the $100 in the year that they first qualify.

Can I donate my GST Credits/Senior Citizens' Bonus to a charity?

You can donate your GST Credits/Senior Citizens' Bonus to a charity of your choice.

If you have signed up for your GST Credits in 2007 and wish to donate your 2008 GST Credits/Senior Citizens' Bonus, you may do so from 15 April to 23 June 2008 at www.gstoffset.gov.sg.

Those who have not signed up for their GST Credits can donate their Growth Dividends and 2008 GST Credits when they sign up for their 2008 GST Credits.

Calendar of important dates for 2008