For YA 2017, all tax residents will receive an income tax rebate of up to $500 .
You will be treated as a tax resident for a particular YA if you are:
The tax rebate is calculated based on the following:
All tax resident individuals will receive an income tax rebate of 20% of tax payable, up to a cap of $500.
Mr and Mrs Chua's first child was born in 2016. Mrs Chua was working and had an earned income of $100,000 for 2016.
They decided that Mrs Chua would claim the full amount of Qualifying Child Relief (QCR) of $4,000. Mr and Mrs Chua are also entitled to Parenthood Tax Rebate (PTR) of $5,000 for their first child, and they agreed to share the amount of PTR equally.
Mrs Chua is a Singapore tax resident for the Year of Assessment (YA) 2017 and her tax computation for YA 2017 is as follows:
You do not need to apply for this rebate. IRAS will compute and grant the rebate automatically to all tax residents.