Goods and Services Tax Voucher Fund Regulations 2014

No. S 5

Goods and Services Tax Voucher Fund Act

(CHAPTER 117C)

Goods and Services Tax Voucher Fund
Regulations 2014

In exercise of the powers conferred by section 19 of the Goods and Services Tax Voucher Fund Act, the Minister for Finance hereby makes the following Regulations:

PART I

PRELIMINARY

Citation and commencement

1. These Regulations may be cited as the Goods and Services Tax Voucher Fund Regulations 2014 and shall be deemed to have come into operation on 1st February 2013.

Definitions

2. In these Regulations, unless the context otherwise requires —

“annual value” has the same meaning as in section 2 of the Property Tax Act 1960 and shall be ascertained in the same manner as under that Act;

[S 567/2022 wef 31/12/2021]

“assessable income” has the same meaning as in section 37 of the Income Tax Act 1947;

[S 567/2022 wef 31/12/2021]

“Assurance Package — Cash” means the component of financial assistance provided under the GSTV scheme and known as the Assurance Package — Cash;

[S 567/2022 wef 01/07/2022]

“Assurance Package — Medisave” means the component of financial assistance provided under the GSTV scheme and known as the Assurance Package — Medisave;

[S 567/2022 wef 01/07/2022]

“Assurance Package — Seniors’ Bonus” means the component of financial assistance provided under the GSTV scheme and known as the Assurance Package — Seniors’ Bonus;

[S 616/2023 wef 06/09/2023]

“authorised occupier” has the same meaning as in section 2 of the Housing and Development Act 1959;

[S 567/2022 wef 31/12/2021]

“conservancy and service charges” means the conservancy and service charges levied by a Town Council under section 53(1) of the Town Councils Act 1988;

[S 567/2022 wef 01/07/2022]

“essential occupier”, in relation to an HDB flat, means any authorised occupier of the flat who, together with any owner or other authorised occupier of the flat, will form the necessary family or social nucleus to qualify the owner to purchase or to continue to own the flat;

“executive condominium unit” means any housing accommodation in a development comprising housing accommodation under the executive condominium scheme established under the Executive Condominium Housing Scheme Act 1996;

[S 567/2022 wef 31/12/2021]

[Deleted by S 567/2022 wef 01/07/2022]

“GSTV — Cash” means the component of financial assistance provided under the GSTV scheme and known as the Goods and Services Tax Voucher — Cash;

[S 567/2022 wef 01/07/2022]

[Deleted by S 567/2022 wef 01/07/2022]

[Deleted by S 616/2023 wef 06/09/2023]

“GSTV — Conservancy and Service Charges (Rebate)” means the component of financial assistance provided under the GSTV scheme and known as the Goods and Services Tax Voucher — Conservancy and Service Charges (Rebate);

[S 567/2022 wef 01/07/2022]

“GSTV — Medisave” means the component of financial assistance provided under the GSTV scheme and known as the Goods and Services Tax Voucher — Medisave;

[S 567/2022 wef 01/07/2022]

“GSTV — U-Save” means the component of financial assistance provided under the GSTV scheme and known as the Goods and Services Tax Voucher — U-Save;

[S 567/2022 wef 01/07/2022]

“GSTV scheme” means the public scheme known as the Goods and Services Tax Voucher scheme;

[S 567/2022 wef 01/07/2022]

“HDB flat” means any residential flat, house or other living accommodation that is sold, transferred, assigned or otherwise disposed of or leased by the Housing and Development Board under the Housing and Development Act 1959 or by an approved developer (as defined under section 87 of that Act) under Part 4B of that Act or that is rented from the Housing and Development Board, but does not include an executive condominium unit;

[S 567/2022 wef 01/07/2022]

“Housing and Development Board” means the Housing and Development Board established under the Housing and Development Act 1959;

[S 567/2022 wef 01/07/2022]

“medisave account”, in relation to an individual, means a medisave account maintained under section 13 of the Central Provident Fund Act 1953 for that individual;

[S 567/2022 wef 31/12/2021]

“property” means any real property;

“Town” and “Town Council” have the meanings given by section 2(1) of the Town Councils Act 1988;

[S 567/2022 wef 01/07/2022]

“utility charge” means the charge that is payable for the supply of water, electricity, gas (but not bottled gas) or sewerage services with respect to any HDB flat;

“year of assessment” has the same meaning as in section 2(1) of the Income Tax Act 1947.

[S 567/2022 wef 31/12/2021]

GSTV scheme

3. The moneys in the Fund may be withdrawn to provide financial assistance under a public scheme known as the GSTV scheme.

Made this 31st day of December 2013.

LIM SOO HOON

Permanent Secretary
(Finance) (Performance),
Ministry of Finance,
Singapore.

[B061.009.2608.V1; AG/LLRD/SL/117C/2013/2 Vol. 1]

Search within Legislation