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More than three million people worldwide have been infected with COVID-19 and the number of confirmed cases in Singapore have crossed the 20,000 mark as at the beginning of May 2020. The circuit-breaker period has been extended to 1 June 2020 and tighter circuit breaker measures such as closing of more workplaces were also implemented to curb the spread.
Fortunately, at least one group of persons can find some joy associated with today’s announcements, due to the fact that wages of qualifying ‘shareholder- directors’ will now also be...
The Covid-19 Risks Outlook report issued by the World Economic Forum (WEF) highlighted the key concerns by top risk professionals as prolonged recession, job losses, protectionism and another outbreak of infectious diseases. It also reported that cyber-attacks, data fraud, the breakdown of IT infrastructure, geopolitical disruptions and tighter curbs on the movement of people and goods are keeping senior leaders up at night.
Singapore: COVID-19 Support Measures
Collated by: Boey Yoke Ping, Tax Partner 
Melvin Yap, Tax Assistant Manager
While we are still in the extended Circuit Breaker period, which is anticipated to end on 1 June 2020, businesses and individuals may want to review their respective positions to ensure they are not missing out on the support measures that have been announced by the Singapore Government in the past few months. Here is a collation of the measures, updated to 18 May 2020.
Hyperlinks have also been included for easy reference to the relevant government websites for further details.
Download Singapore: COVID-19 Support Measures
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