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SINGAPORE – Nearly 2,200 employers are under review for suspected abuse of the July Employment Support Plan (JSS), and 444 of them have been denied payments, either in part or in full, to the tune of nearly $ 10 million said the Singapore Internal Revenue Authority. (You will go).
In a statement on Friday (October 2), Iras said that employers under review will have their JSS payments withheld until they can submit supporting documents to verify the authenticity and accuracy of mandatory contributions to the Central Provident Fund.
Your payments will be adjusted or denied if problems are found during the review, and egregious cases will be referred to the police.
“This is part of Iras’ anti-gaming efforts to ensure that JSS payments are disbursed fairly and correctly,” Iras said.
By the end of September, Iras had received documents and completed the review from more than 1,400 employers.
About 50 employers have voluntarily declared the incorrect mandatory CPF contributions they have made for their employees. Your JSS payments have been adjusted before being disbursed.
“Prior to the October JSS payments, employers are encouraged to review the mandatory CPF contributions for employees to ensure they have contributed the appropriate amount, based on actual wages paid to employees in good faith.” said Iras.
Iras has also received more than 300 whistleblower reports about employers suspected of abusing the scheme.
Cases of suspected abuse include employers submitting false documents to Iras to substantiate their JSS eligibility. It has referred four such cases to the police, who are investigating the matter.
The severe penalties for abusing the JSS include being charged under Section 420 of the Penal Code and facing up to 10 years in prison and a fine.
The wage subsidy JSS, to help employers retain local workers, was recently extended to cover wages paid through March 2021 for companies in the sectors most affected by the Covid-19 crisis, and through December 2021. this year for the sectors that are being managed well.
The allowance applies to the first $ 4,600 of gross monthly salary paid to each Singaporean employee or permanent resident.
The support ranges from 10 to 50 percent for salaries paid as of September, depending on the projected recovery of the different sectors.
Earlier this year, Iras reminded employers who made incorrect mandatory CPF contributions to their employees to report and rectify errors through CPF’s online application service by June 30.
He said no action will be taken against them as long as the disclosure is accurate and complete.
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