A one-off Personal Income Tax rebate will be granted to all tax resident individuals for the Year of Assessment 2025, as announced in the Singapore Budget Speech 2025.
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Rebate for tax residents

The Personal Income Tax rebate is granted to all tax resident individuals who are taxable in a particular Year of Assessment.

 

New! As part of the SG60 package to share the gains of our nation’s progress, a Personal Income Tax rebate will be granted to all tax resident individuals for the Year of Assessment 2025 (i.e. for income earned in 2024). The rebate will be 60% of tax payable, capped at $200 per taxpayer. 

Amount of tax rebate

Year of AssessmentAmount of tax rebate
202560% of tax payable, up to $200
202450% of tax payable, up to $200

The tax rebate is calculated based on the following:

  1. The amount of tax payable after double taxation relief and other credits; and
  2. The amount of tax payable before offsetting the Parenthood Tax Rebate.
You do not need to apply for this rebate. IRAS will compute and grant the rebate automatically to all tax residents.

FAQs

1. Who is entitled to the Personal Income Tax rebate?
The Personal Income Tax rebate is granted to all tax residents who are taxable in Year of Assessment 2025.
2. How much is the Personal Income Tax rebate for the Year of Assessment 2025?
The amount of Personal Income Tax rebate is 60% of tax payable, capped at $200.
3. How do I claim or apply for the Personal Income Tax rebate?
You do not need to claim or apply for the tax rebate. IRAS will compute and grant the rebate automatically to all tax residents.
4. If my tax payable for Year of Assessment 2025 is $0, can I carry forward the Personal Income Tax rebate to offset against future tax payable?
The Personal Income Tax rebate is a rebate granted specifically for the Year of Assessment 2025 and cannot be carried forward to offset future tax payable.
5. If my tax payable for Year of Assessment 2025 is $0, can I get a payout of $200 from IRAS?
You will not get any payout from IRAS as the Personal Income Tax rebate is a rebate against tax payable.
6. I have received my tax clearance assessment for Year of Assessment 2025 before the Budget announcement, will I get a reassessment?
If you have been assessed as a tax resident for the Year of Assessment 2025 in your tax clearance assessment, IRAS will automatically revise the assessment to grant you the Personal Income Tax rebate. If your tax liability is reduced due to the Personal Income Tax rebate, you will get a refund of the tax overpaid (if any).