Assoc Prof Jamus Jerome Lim asked the Deputy Prime Minister and Minister for Finance (a) how many households which previously received a $500–$700 GST voucher subsequently received a lower $250–$350 payout because of the revision in the Annual Valuation (AV) of property; and (b) whether the Ministry has taken into consideration how this may potentially invalidate the purpose of the GST voucher.
Mr Lawrence Wong: The Annual Value (AV) of residential properties in 2022 was used to determine the GST voucher cash payouts this year. All HDB flats had an AV of below $13,000 in 2022, which meet the AV criteria for the higher tier of cash payouts.
As the Ministry announced previously, we are reviewing the AV thresholds of our social support schemes to ensure that Singaporeans in need are able to receive the appropriate support. We will provide an update on the revised AV thresholds for social support schemes when ready.
Ministry of Finance
3 August 2023
https://sprs.parl.gov.sg/search/#/sprs3topic?reportid=written-answer-na-14070
Office of the Leader of the Opposition 