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from March 1 to April 15 each year is the tax filing season for Singapore’s personal income tax!
This year, the Singapore Taxation Bureau is also updating the new tax rate for 2024.
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Another year of military service season is also coming!
Some friends don’t know that personal tax can be exempted when serving in the military!
(Picture: Sourced from the Internet)
All qualified ready national service personnel (NSmen) are entitled to NSman tax exemption.
NSman Relief is to recognize their contribution to national service. This relief is based on the national service completed in the previous working year (i.e., from April 1 to March 31).
NSman Wife and NSman Parent Reliefs also gave their wives and parents to their fellow men's compatriots respectively to recognize their support for their husbands and sons.
(Picture: from the Internet)
The spouse and parents of active-duty soldiers can apply for tax exemption of up to 750 SGD (about 3,800 RMB), while active-duty soldiers themselves can claim the exemption as follows:
(Picture: from the Internet)
General tax filing method and tax filing deadline
can be logged in (mytax.iras.gov.sg) for online submission or mailing. Please note that the deadlines for the two methods are different!
After taxpayers report their taxes online, they must complete their personal tax payment within one month after receiving the notice of assessment from the tax bureau, otherwise they will face a fine after the deadline.
has many ways to pay taxes, such as: GIRO 12-month interest-free payment, credit card, AXS, etc.
