The Singapore Government has implemented COVID-19 Circuit Breaker measures in view of increase precautions leading to potential rise in number of infections in the country. The circuit breaker measures aim to control the spread of COVID-19 in Singapore by minimizing movements and interactions in public and private places. One of the key measures is that there will be a suspension of activities at all workplace premises subject to certain exemptions for selected essential services (“Essential services”). The following provides a snapshot of essential services that will be exempted from suspension:
The Monetary Authority of Singapore has also issued a statement to affirm that financial services will remain open and available to all customers and counterparties in Singapore and globally. All financial markets in Singapore remain open, and payment services are unaffected. Financial services is one of the essential services exempted from the suspension of activities at workplace premises under the elevated safe distancing measures announced by the Ministry of Health (MOH). https://www.mas.gov.sg/news/media-releases/2020/financial-services-remain-open-and-available
The closure of applicable workplace premises will commence 7 April 2020 (Tuesday); non-essential workplaces will be closed from 6 April 2020 2359 hrs to 4 May 2020 2359 hrs. In addition to the above, in line with the COVID-19 circuit breaker measures implemented from 7 April 2020 to 4 May 2020, the Inland Revenue Authority of Singapore (IRAS) has given an automatic extension of deadlines to the affected Individuals and Businesses.
You are also advised to regularly check the Ministry of Health’s (MOH) and Ministry of Manpower’s (MOM) websites for further updates on the COVID-19 situation via these links:
For more information.