Mr Heng is 35 years old, married, with a 10-month old son. He earned $50,000 in 2018. He has a newborn child in 2018 and is eligible for Parenthood Tax Rebate of $5,000. His chargeable income for the Year of Assessment (YA) 2019 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)
$183.12
Net Tax Payable for YA 2019
$0
Mr Heng is entitled to PTR of $5,000 in respect of his first child born in 2018 which is used to offset his income tax payable for YA 2019. The remaining amount ($5,000 - $366.25) will be used to offset his income tax payable in subsequent years until the rebate has been fully utilised.
Mr Fong was 64 years old in 2018, with earned income of $250,000. His chargeable income for YA 2019 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)
$27,429
Mr Gabriel, a Chile national, stayed and worked in Singapore from 1 Aug 2018 to 31 Oct 2018. He received a total salary of $21,000. His chargeable income for YA 2019 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 2018. Her chargeable income for YA 2019 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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