Personal Tax Rebate (YA 2015)

As part of SG50 Jubilee celebration, all tax resident individuals will receive an income tax rebate of 50% of tax payable, up to a cap of $1,000, for the Year of Assessment (YA) 2015.

Rebate for Tax Residents

For YA 2015, all tax residents will receive an income tax rebate of up to $1,000

You will be treated as a tax resident for a particular YA if you are:

  1. A Singapore Citizen who resides in Singapore except for temporary absences; or  
  2. A Singapore Permanent Resident (SPR) who has established a permanent home in Singapore; or
  3. A foreigner who has stayed / worked in Singapore (excluding director of a company) for 183 days or more  in the previous year, i.e. year before the YA.

Amount of Tax Rebate

The tax rebate is calculated based on the following:

  1. the amount of  tax payable after double taxation relief (DTR) and other credits; and
  2. the amount of tax payable before offsetting the Parenthood Tax Rebate .

All  tax resident individuals will receive an income tax rebate of 50% of tax payable, up to a cap of $1,000.

Applying for Tax Rebate

You do not need to apply for this rebate. IRAS will compute and grant the rebate automatically to all tax residents.