One-off personal tax rebate (for Year of Assessment 2011)

 All tax residents will be granted an income tax rebate of 20%, up to a maximum cap of $2,000, for Year of Assessment 2011.

The 20% tax rebate is calculated based on the tax payable after double taxation relief (DTR) and other credits but before set-off of the Parenthood Tax Rebate.

If you are a tax resident, IRAS will compute this rebate automatically. You do not need to apply for it.