A one-off Personal Income Tax Rebate will be granted to all tax resident individuals for the Year of Assessment 2025, as announced in the Singapore Budget Speech 2025.
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Rebate for tax residents
The Personal Income Tax rebate is granted to all tax resident individuals who are taxable in a particular Year of Assessment.
New! As part of the SG60 package to share the gains of our nation’s progress, a Personal Income Tax rebate will be granted to all tax resident individuals for the Year of Assessment 2025 (i.e. for income earned in 2024). The rebate will be 60% of tax payable, capped at $200 per taxpayer.
Amount of tax rebate
| Year of Assessment | Amount of tax rebate |
|---|---|
| 2025 | 60% of tax payable, up to $200 |
| 2024 | 50% of tax payable, up to $200 |
| 2019 | 50% of tax payable, up to $200 |
The tax rebate is calculated based on the following:
- The amount of tax payable after double taxation relief and other credits; and
- The amount of tax payable before offsetting the Parenthood Tax Rebate.
You do not need to apply for this rebate. IRAS will compute and grant the rebate automatically to all tax residents.