To commemorate its 60th year of independence, the Singapore government has introduced a one-time personal income tax rebate of up to S$200 for the Year of Assessment (YA) 2025. This rebate is part of the SG60 benefits package and is aimed at supporting citizens and residents amid rising living costs and global inflationary pressures.
The rebate will be automatically applied to qualifying individuals’ tax bills and will offer 60% off the income tax payable, capped at S$200. This initiative forms part of a broader effort to make the tax system fairer, more progressive, and responsive to economic challenges faced by working- and middle-class residents.
Summary Table: 2025 Personal Income Tax Rebate Overview
Aspect |
Details |
|---|---|
Rebate Type |
One-time Personal Income Tax Rebate |
Year of Assessment (YA) |
2025 (for income earned in 2024) |
Eligibility |
All tax-resident individuals |
Rebate Rate |
60% of tax payable |
Maximum Rebate |
S$200 |
Application Required |
None – Automatically applied by IRAS |
Rebate Applied On |
Final tax payable after all deductions and reliefs |
Timeline |
Shown in Notice of Assessment (April–September 2025) |
Official Website |
What Is the 2025 Personal Income Tax Rebate?
The YA 2025 personal income tax rebate is a one-off tax relief measure that gives up to S$200 off an individual’s tax bill. The rebate is automatically granted by the Inland Revenue Authority of Singapore (IRAS) during tax assessment and requires no forms or applications.
Key features:
- Rebate = 60% of your tax payable, capped at S$200
- Applies only to tax-resident individuals
- Calculated after all personal reliefs and deductions
Who Is Eligible for the Tax Rebate?
To qualify for the rebate, individuals must be tax residents of Singapore in the Year of Assessment 2025.
Eligibility Criteria:
- Must meet tax residency requirements (e.g., stayed in Singapore for 183+ days in 2024 or have a permanent home in Singapore)
- Applies to:
- Employees earning a salary
- Self-employed workers
- Freelancers/gig workers
- Retirees with taxable income
- Individuals receiving rental or investment income
Who Is Not Eligible:
- Non-resident individuals
- Companies, trusts, or partnerships
- Anyone not subject to personal income tax
How Will the Rebate Be Applied?
The rebate is applied after IRAS processes your annual tax return and calculates your final tax bill. The process includes:
- Assessing total income
- Applying personal reliefs (CPF relief, spouse relief, parent relief, etc.)
- Calculating tax payable
- Applying the 60% rebate, capped at S$200
The rebate is not refundable and cannot be transferred or carried forward.
Real-Life Examples
Scenario |
Tax Payable |
60% Rebate |
Rebate Applied |
Final Tax Bill |
|---|---|---|---|---|
Low-income earner |
S$100 |
S$60 |
S$60 |
S$40 |
Mid-income earner |
S$400 |
S$240 |
S$200 (capped) |
S$200 |
High-income earner |
S$3,000 |
S$1,800 |
S$200 (capped) |
S$2,800 |
This shows that lower and middle-income taxpayers benefit more proportionally from the rebate.
Comparison with Previous Year
Year of Assessment |
Rebate % |
Maximum Rebate |
|---|---|---|
2024 |
50% |
S$200 |
2025 |
60% |
S$200 |
In YA 2025, the rebate percentage has increased, offering greater support to individuals facing rising living costs.
When Will You See the Rebate?
The rebate will appear on your Notice of Assessment (NOA) issued by IRAS between April and September 2025 after you file your income tax return in March–April 2025.
NOA will show:
- Total income assessed
- All applicable deductions and reliefs
- Tax payable before rebate
- Rebate amount (up to S$200)
- Final tax payable
No action is needed. The rebate is automatically included.
Other Personal Tax Reliefs to Know
This rebate comes in addition to existing reliefs, which further reduce your chargeable income:
- CPF Relief (compulsory contributions)
- Earned Income Relief
- Parent/Grandparent Relief
- Spouse/Handicapped Spouse Relief
- NSman Relief
- Working Mother’s Child Relief
- Course Fees Relief
- Life Insurance Relief
Note: The maximum combined relief is S$80,000 per taxpayer.
Key Benefits of the Rebate for Singaporeans
- Automatic: No application hassle
- Supports lower-income and middle-income earners
- Helps self-employed individuals, gig workers, and retirees
- Offsets inflation and living costs
- Symbolic of the government’s commitment during SG60 to inclusive economic support
What the Rebate Does Not Cover
While helpful, the rebate is targeted and limited:
Limitation |
Details |
|---|---|
Not refundable |
Cannot receive rebate as cash if no tax payable |
Not transferable |
Cannot pass the rebate to family members |
Not applicable to other tax types |
Cannot offset property tax, GST, etc. |
Not applicable to non-residents or companies |
Strictly for tax-resident individuals only |
Frequently Asked Questions (FAQs)
Q1: Do I need to apply for the rebate?
A: No. The rebate is automatically applied by IRAS for eligible individuals.
Q2: How much is the rebate?
A: 60% of your income tax payable, capped at S$200.
Q3: Who is eligible for the rebate?
A: All tax-resident individuals in Singapore for YA 2025.
Q4: Will I get the rebate as cash?
A: No. It is applied only to reduce your tax bill. It is not refundable.
Q5: Where can I check the rebate?
A: On your Notice of Assessment (NOA) issued by IRAS between April and September 2025.
Final Thoughts
Singapore’s one-time S$200 income tax rebate for YA 2025 is a practical and timely relief measure. While modest, it reflects fairness and simplicity, supporting the average citizen without any paperwork or delays.
By combining this rebate with existing personal reliefs, the Singapore tax system continues to provide targeted, progressive support for individuals, especially in times of economic uncertainty.
Whether you’re a salaried employee, self-employed, or a retiree with taxable income, this rebate ensures your 2025 tax bill is lighter, making the year of SG60 a little more financially manageable.
Official Website for More Information:
https://www.iras.gov.sg
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