Special tax schemes

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

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 ceased in 2020 (the last NOR status granted has expired in YA2024.)