The Inland Revenue Authority of Singapore updated its webpage on COVID-19 Support Measures and Tax Guidance on 20 July 2020, including the publication of a document providing an overview of the Income Tax Treatment of COVID-19-Related Payouts to Businesses and Individuals.
The overview includes payouts that are not taxable either because they are not income in nature or a specific exemption has been granted to exempt the payout from tax, which includes, among others, the Jobs Support Schem…