On or about 28 May 2021, the Minister for Finance (MOF) announced the RSS to support businesses with rental costs, as part of a package of support measures to help businesses tide over restrictions under Phase 2 (Heightened Alert) from 16 May to 13 June 2021.
Small and Medium Enterprises (SMEs) and eligible Non-Profit Organisations (NPOs) with an annual revenue not exceeding $100 million, which are tenants or owner-occupiers of qualifying commercial properties, will receive a Tier 3A cash payout equivalent to 0.5 month of their rent for the period of 14 May to 29 May 2021 to this first RSS payout by 30 Jun 2021.
A separate second RSS cash payout (as announced by the Ministry of Finance on 23 July 2021) in view of the tightened safe management measures after returning to Phase 2 (Heightened Alert) from 22 July to 18 August 2021 of an additional 0.5 month of rent for qualifying tenants and owner-occupiers of privately-owned commercial properties will be disbursed in October 2021. MOF will release another update closer to the second RSS disbursement.
Source: IRAS, 6 August 2021