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

Their paperwork are beneath assessment to substantiate their eligibility for the pandemic aid scheme.

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

“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 mentioned.

The 2,600 employers, which make up about 2% of qualifying employers for JSS and JGI payouts, will obtain the payouts as soon as IRAS has verified their paperwork for authenticity. Payouts can be adjusted or denied if points are discovered throughout the assessment.

This comes amidst 10 JSS circumstances beneath investigation by the police. According to IRAS, it got here throughout diverse circumstances of abuse for the support scheme beneath the course of its assessment.

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

In complete, the quantity of JSS payouts denied since inception is about $44m.