Individuals Tax

Tax Changes

Summary

FAQ/Related Information

Personal Income Tax Rebate for Resident Individuals

All resident individual taxpayer will be given a one-off income tax rebate of 20%, up to a cap of $2,000, for the tax payable for Year of Assessment (YA) 2009.

One-off personal tax rebate for YA2009.

Flexible GIRO arrangements

Taxpayers* who have lost their jobs in 2008 or 2009, for example due to retrenchment, can approach IRAS to re-work their GIRO instalment plans (up to a maximum of 24- month instalments) for tax assessed in YA 2009. Please call 1800 356 8300 for assistance.

* Except for foreigners where tax clearance is applicable. The requirement to settle all outstanding taxes before leaving Singapore remains unchanged.

Removal of Income Tax on Net Annual Value

Income tax on net annual value of all residential properties will be removed from YA2010.

Tax Exemption of Foreign - Sourced Income Received in Singapore

Tax exemption will be granted to all foreign-sourced income earned/ accrued outside Singapore on or before 21 Jan 2009 to resident non-individuals and resident partners of partnerships in Singapore and received in Singapore during the period from 22 Jan 2009 to 21 Jan 2010.

Extract from the Budget Speech Annex 

e-Tax Guide on Temporary Liberalisation of Income Tax Exemption for Foreign-Sourced Income Received in Singapore from 22 Jan 2009 to 21 Jan 2010 
 

Enhancement of tax deduction on donation

Tax deduction will be increased for donations made in 2009 to Institutions of a Public Character and other approved recipients (such as approved museums, prescribed schools etc.) from double to 2.5 times.