You are here: Home » Archives for IRAS

IRAS

Quick Guide to Singapore Personal Income Tax [Income Tax]

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 [...]

Read the full article →

Income Tax Act Amended & Enhanced

Via CNA, The Income Tax Act has been amended and enhanced to better help Singapore achieve economic and social objectives. The key takeaway are: Qualifying Child Relief will be doubled to S$4,000. Handicapped Child Relief will be raised to S$5,500. Working mothers will also be able to claim up to 100% of earned income for [...]

Read the full article →