Suggested Reading:
DURING the violent Hong Kong protests, a Financial Times article (assertively titled "Beijing will have its revenge on Hong Kong") referenced the Chinese phrase qiu hou suan zhang, in concluding that vengeance by the Chinese government will be forthcoming even if the questions of when and how remain unclear.
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.
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...
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By: Loh Eng Kiat, Partner & Practice Leader, Tax 
First published in The Business Times on 26 May 2020
Last week, my op-ed "Settling the (tax) score after the fall" (BT, May 22) described how a theme of vengeance could end up hurting many taxpayers especially if they slacken in their tax affairs during these trying times. Some have told me that the tone of the article was "scary" even if it represents some "hard truths" in the world of taxation. As we prepare to exit the circuit breaker, here is a more benign piece aimed at spreading positive vibes especially in the tax field.
PART IV OF ONGOING SERIES OF BUDGET MEASURES
The fourth round of Covid-19 support measures, which Deputy Prime Minister and Finance Minister Heng Swee Keat will announce in a statement on Tuesday afternoon, has been named "Fortitude". Those of more pristine memory and/or greyer hair might recall off-Budget measures of some yesteryears, but many will definitely know that having four sets of Budget measures in less than four months is unparalleled.
As we eagerly await the announcement of new or improved headline support measures, there is also merit in reflecting on how some of the (already) "older" Budget 2020 measures could be enhanced. Take for instance, the Jobs Support Scheme (JSS). One of the flagship items that emerged from the Solidarity Budget last month was the enhancement to the JSS, whereby 75 per cent of gross monthly wages for all sectors (for the first S$4,600 of wages paid to each local employee in April 2020) receives government funding [...]
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