Special Tax Schemes

  • If you work for a foreign employer and operate from a base in Singapore to discharge your regional functions and duties, you may enjoy time apportionment of employment income, subject to qualifying conditions. 

  • If you qualify for the NOR scheme, you may enjoy the benefit of time apportionment of employment income and tax exemption on contributions made by the employer to an overseas pension fund for five consecutive years, subject to qualifying conditions.

    The NOR scheme will cease after YA 2020.  As such, the last NOR status granted will run / be valid from YA 2020 to YA 2024.  Please refer to the section below on "Qualifying for NOR scheme" for details on qualifying for the NOR status.  Individuals who have qualified for the NOR status will continue to enjoy NOR tax concessions until their NOR status expires, if they continue to meet the conditions of the concessions.

  • The Supplementary Retirement Scheme (SRS) is a voluntary scheme to encourage individuals to save for retirement, over and above their CPF savings. Contributions to SRS are eligible for tax relief. Investment returns are tax-free before withdrawal and only 50% of the withdrawals from SRS are taxable at retirement.