Effective Date
Year of Assessment 2009
Main Features of Enhancements
- Increase in the quantum of child-related tax reliefs and rebate
- Extend enhanced tax reliefs and rebate to all children
| Tax Measures |
Enhancements |
| A |
Qualifying Child Relief (QCR) |
- Relief increased to $4,000 per child
- Relief given for all children
|
| B |
Handicapped Child Relief (HCR) |
- Relief increased to $5,500 per child
|
| C |
Working Mother's Child Relief (WMCR) |
- Relief increased to
- 15% of mother's earned income for 1st child
- 20% of mother's earned income for 2nd child
- 25% of mother's earned income for 3rd child and each subsequent child
- Cumulative WMCR percentages are capped at 100% of mother's earned income
- Relief extended to all Singaporean children
- Maximum claim of QCR/ HCR and WMCR increased to $50,000
|
| D |
Parenthood Tax Rebate (PTR) |
- New rebate of
- $5,000 for first child
- $20,000 for 5th child and each subsequent child
- Rebate given to all Singaporean children that are born or legally adopted on or after 1 Jan 2008
|
Singapore announces the enhanced Marriage & Parenthood Package. Click here to find out more.