The Government will be making the third Payment of Jobs Credit on 30 September 2009. The amount that employers will receive for this payment will be computed based on employees on the CPF payroll for the month of July 2009, and the wages paid to these employees from April to June 2009.

The CPF contribution deadline for wages paid in the month of July 2009 is 14 August 2009. There will be no extension of the deadline. Employers are advised to make CPF payments by 14 August 2009 in order to qualify for the Third Payment of Jobs Credit.  The Government takes a serious view of employers who make late contributions for their employees.

More than $1.8 billion of Jobs Credit have already been paid to employers in March and June 2009. Following the September 2009 Payment, the last Payment of Jobs Credit will be made in December 2009.  

For more information on the Jobs Credit, visit https://www.iras.gov.sg/schemes/disbursement-schemes or call 1800 356 4055.

MINISTRY OF FINANCE
30 July 2009