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Personal Income Tax Rebate for Resident Individuals For 2008 and 2009

To help cushion the effects of the economic downturn on individuals, all tax residents will be granted an income tax rebate of 20%, up to a maximum cap of $2,000, for Year of Assessment 2009.

The 20% tax rebate is calculated based on the tax payable after double taxation relief (DTR) and other credits but before set-off of the Parenthood Tax Rebate.

If you are a tax resident, IRAS will compute this rebate automatically. You do not need to apply for it.

Are You Tax Residents or Tax Non-residents [click to continue…]

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