News
ECONOMY | Staff Reporter, Singapore
view(s)

IRAS denies $85m job support payouts to 2,600 employers

Their documents are under review to substantiate their eligibility for the pandemic relief scheme.

The Inland Revenue Authority of Singapore (IRAS) has denied $85m worth of job support payouts under the Jobs Support Scheme (JSS) and Jobs Growth Incentive (JGI) to 2,600 employers, pending reviews of their supporting documents.

“As part of IRAS’ anti-gaming efforts to ensure that JSS and JGI payouts are fairly and correctly disbursed, about $52m in JSS payouts and $33m in JGI payouts for March 2021 were withheld from 2,600 employers, pending their submission of supporting documents to IRAS to substantiate their eligibility,” IRAS said.

The 2,600 employers, which make up about 2% of qualifying employers for JSS and JGI payouts, will receive the payouts once IRAS has verified their documents for authenticity. Payouts would be adjusted or denied if issues are found during the review.

This comes amidst 10 JSS cases under investigation by the police. According to IRAS, it came across varied cases of abuse for the support scheme under the course of its review.

As of late May 2021, IRAS has concluded the review of over 800 JSS and close to 1,100 JGI payouts from the March 2021 tranche, with about $16m in payouts denied for each scheme. This corresponds to over 500 and 800 employers who have had their March 2021 payouts denied for JSS and JGI respectively.

In total, the amount of JSS payouts denied since inception is about $44m.
 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.