Mr Heng is 35 years old, married, with a 10-month old son. He earned $50,000 in 2017. He has unutilised Parenthood Tax Rebate balance of $5,000 in his account. His chargeable income for the Year of Assessment (YA) 2018 is computed as follows:
$ 50,000
Less: Donations
$ 250
Assessable Income
$ 49,750
Less: Personal Reliefs
- Earned Income Relief
$ 1,000
- Qualifying Child Relief
$ 4,000
- Employee CPF Contribution Relief
$ 10,000
Chargeable Income (Assessable Income less Personal Reliefs)
$34,750 ($49,750 - $15,000)
Mr Heng's tax payable on his chargeable income of $34,750 is calculated as follows:
Tax Payable
Tax on first $30,000
$200.00
Tax on next $ 4,750 @ 3.5%
$166.25
Gross Tax Payable
$366.25 ($200 + $166.25)
Less: Parenthood Tax Rebate (PTR)
$366.25
Net Tax Payable for YA 2018
$0
Mr Heng is entitled to PTR of $5,000 in respect of his first child born in 2017. The unutilised amount of PTR is used to offset against his income tax payable for YA 2018. The remaining amount ($5,000 - $366.25) will be offset against his income tax payable in subsequent years until the rebate has been fully utilised.
Mr Fong was 64 years old in 2017, with earned income of $250,000. His chargeable income for YA 2018 is computed as follows:
$ 250,000
$ 249,750
$ 8,000
$ 7,650
$234,100 ($249,750 - $15,650)
Mr Fong's tax payable on his chargeable income of $234,100 is calculated as follows:
Tax on first $200,000
$21,150
Tax on next $34,100 @ 19%
$ 6,479
$27,629 ($21,150 + $6,479)
$27,629
Mr Gabriel, a Chile national, stayed and worked in Singapore from 1 Aug 2017 to 31 Oct 2017. He received a total salary of $21,000. His chargeable income for YA 2018 is computed as follows:
$ 21,000
Less: Employment Expenses
$ 0
N.A.
$ 21,000 ($21,000 - $0)
Mr Gabriel's tax payable on his chargeable income of $21,000 is calculated as follows:
$21,000
Tax Rate for Non-Residents
15%
$3,150 ($21,000 x 15%)
Ms Burch, an American, received Director's fee of $85,000 in 2017. Her chargeable income for YA 2018 is computed as follows:
$ 85,000
$ N.A.
Chargeable Income (Assessable income less Personal Reliefs)
$85,000 ($85,000 - $0)
Ms Burch's tax payable on her chargeable income of $85,000 is calculated as follows:
$85,000
Tax Rate for Non-Residents (Director's Fees)
22%
$18,700 ($85,000 x 22%)
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