Personal Income Tax Relief: Who Qualifies and What You Get
Learn how tax residents in Singapore can reduce their taxable income through various reliefs to lower their overall tax bill.
Personal Income Tax Relief is a system that allows you to reduce the total amount of income you are taxed on.
Who it's for
This relief is available to all tax residents.
What you get
You can use various reliefs to reduce your chargeable income. This means the amount of money you are actually taxed on becomes smaller, which can result in a lower total tax bill. Specific examples of what can be used to lower this income include Earned Income Relief and Course Fees Relief.
What it costs you
There is no direct fee to access these reliefs, but it does require the time and effort to complete your annual tax filing. You will need to manage your records and use the myTax Portal to complete the process.
The catch to know
It is easy to overlook certain benefits; for example, many people forget to claim relief for the fees paid for their own professional certifications and courses.
How to apply
- Gather your receipts and documentation for any qualifying expenses or course fees.
- Log in to the official tax portal during the annual filing season.
- Follow the prompts in the portal to declare your qualifying relief amounts.
- Review all your information to ensure it is accurate before finishing your submission.