Special tax schemes

Angel Investors Tax Deduction Scheme (AITD)

This scheme for approved angel investors has lapsed since 31 Mar 2020

Not Ordinarily Resident (NOR) Scheme

The NOR scheme will cease after 2020 (the last 5-year NOR status is from YA 2020 to 2024)

SRS contributions and tax relief

Contributions to SRS are eligible for tax relief

Tax on SRS withdrawals

50% of withdrawals made after the statutory retirement age will not be subject to tax

Withholding Tax on SRS

For Foreigners or Singapore Permanent Residents (SPRs) who are withdrawing from their SRS accounts