PERSONAL INCOME TAX
It is the Government’s policy to keep our personal tax regime competitive and progressive. This seeks to encourage employment, innovation, and enterprise; while ensuring that higher-income earners pay a proportionately higher tax.
Singapore tax residents can also enjoy a range of personal tax reliefs and rebates granted by the Government in recognition of taxpayers’ efforts that are in line with our social and economic objectives, such as taking care of their elderly parents, and marriage and procreation. The total amount of personal income tax reliefs which can be allowed is subject to an overall relief cap of $80,000 per Year of Assessment.