Iras giving 0.5 month rent relief cash payout to 50,000-plus property tax accounts

The scheme aims to help retailers and SMEs tide over the latest Covid-19 restrictions. PHOTO: ST FILE
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SINGAPORE - Eligible tenants under some 50,000 property tax accounts of qualifying commercial properties are expected to receive a half-month rental relief cash payout directly as part of the new rental support scheme announced last week.

The scheme aims to help retailers and small and medium-sized enterprises (SMEs) tide over the latest Covid-19 restrictions.

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