Announcement
16 Feb 2021
In February 2021, Singapore introduced several stimulus packages to help local companies and workers to recover from the impact of COVID-19 pandemic.
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Number of interventions
10
10 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
01 Jan 2023
Revocation date:
No revocation date
Updated: 16 Feb 2021
Labour market access
In force
On 16 February 2021, to promote the local hire, Singapore announced that it would reduce the number of S Pass work permit given to foreign experts in the manufacturing industry. Singapore woul...
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Updated: 16 Feb 2021
Internal taxation of imports
In force
On 16 February 2021, Singapore announced that it would impose Goods and Services Tax (GST) on the imported non-digital services such as live interaction with overseas providers of educati...
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Updated: 16 Feb 2021
Internal taxation of imports
In force
On 16 February 2021, Singapore announced that it would impose Goods and Services Tax (GST) on the imported low-value goods (worth up to S$400 or USD 301) via air or post from 1 January 2023. The GS...
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Implementation date
01 Jan 2022
Revocation date:
31 Dec 2022
Updated: 16 Feb 2021
Labour market access
On 16 February 2021, Singapore announced that it would reduce the number of S Pass work permit given to foreign experts in the manufacturing industry. Singapore would reduce the number of S Pass fr...
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Implementation date
16 Feb 2021
Revocation date:
No revocation date
Updated: 16 Feb 2021
State aid, unspecified
In force
On 16 February 2021, under its budget 2021, Singapore announced that it allocated $24 billion (USD 18.1 billion) to local firms and workers through various initiatives that aimed the foll...
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Updated: 16 Feb 2021
Local content incentive
In force
On 16 February 2021, as part of its Budget 2021, Singapore allocated S$5.2 billion (USD 3.92 billion) to the Jobs Growth Incentive (JGI) from now to the end of September 2021. The companies who hir...
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Updated: 16 Feb 2021
Capital injection and equity stakes (including bailouts)
In force
On 16 February 2021, Singapore unveiled its stimulus package under Budget 2021. Under this budget, Singapore provided S$500 million (USD 377.1 million) to be co-invested with Temasek in a Local Ent...
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Updated: 16 Feb 2021
Financial grant
In force
On 16 February 2021, Singapore provided a stimulus package to ease the impact of the COVID-19 pandemic. Under this package, Singapore provided S$ 133 million (USD 100.4 million) in the form of the ...
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Updated: 16 Feb 2021
State aid, nes
In force
On 16 February 2021, Singapore announced its Budget 2021 consisting of stimulus packages in response to the COVID-19 pandemic. In 2020, Singapore has provided some stimulus packages to help the eco...
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Updated: 16 Feb 2021
State loan
In force
On 16 February 2021, Singapore unveiled its stimulus package under Budget 2021. Under this Budget, the Singapore government in cooperation with Temasek invested S$1 billion (USD 754.2 million)...
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Related State Acts
17 Aug 2020
Singapore: 5th round fiscal stimulus to ease the impacts of COVID-19 pandemic
05 Apr 2020
Singapore: 3rd round fiscal stimulus to ease the impacts of covid-19 pandemic (Solidarity Budget)
26 Mar 2020
Singapore: Package announced in response to the COVID-19 pandemic (2nd Stimulus Package)
18 Feb 2020
Singapore: Singapore Stabilisation and Support Package (1st Stimulus Package)
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