Income Tax in Singapore: Calculating Tax Payable (2020): Difference between revisions

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Singapore has a relatively low personal income tax rate compared to other developed countries like Japan (61.85%) and Sweden (55.95%).<ref>"List of Countries by Personal Income Tax Rate". ''Trading Economics''. Accessed on 14 February 2019. Retrieved from: https://tradingeconomics.com/country-list/personal-income-tax-rate?continent=europe</ref> Personal income tax is a tax payable by individuals to finance the government’s expenditure on public goods such as National Defense. Singapore follows a progressive tax system that starts at 0% and ends at 22%.<ref>“Income Tax Rates”. ''Inland Revenue Authority of Singapore''. January 19, 2018. Accessed on 4 January 2019. Retrieved from: https://www.iras.gov.sg/irashome/Individuals/Locals/Working-Out-Your-Taxes/Income-Tax-Rates/ </ref>
<blockquote>This entry is one of three '''Income Tax Guides''' for Singaporeans on Wiki.sg. Part One explains how you should calculate your income tax. Part Two complies the current [[Income Tax in Singapore: Income Tax Reliefs (2020)|Income Tax Reliefs in Singapore]] that can potentially reduce how much tax you pay. Part Three explains how to calculate your [[Income Tax Reliefs for CPF (2020)|CPF Reliefs]].</blockquote>[[File:IRAS Building Singapore.jpg|thumb|''The IRAS is the governing body for income tax matters in Singapore. Pictured: The facade of the IRAS building. ST File / [https://www.businesstimes.com.sg/government-economy/iras-collected-s47b-in-tax-revenue-in-fy2017-up-nearly-5-from-a-year-ago Business Times].''|link=https://wiki.sg/p/File:IRAS_Building_Singapore.jpg]]Singapore has a relatively low income tax rate of '''<u>0 to 22%</u>'''. Taxpayers in Singapore with an annual income of ~$100,000 face a maximum rate of 11.5% compared to their counterparts in Japan (23%), Thailand (30%), New Zealand (33%), Canada (26%) and Germany (42%).<ref>"[https://blog.seedly.sg/income-tax-world-comparison/ Think You'll Be Paying Lesser Income Tax Elsewhere? Think Again….]” ''Seedly.'' March 9, 2020. Accessed on 10 March 2020.</ref> Singapore follows a '''<u>progressive income tax</u>''' model. Essentially the more you earn, the more income tax you pay. This entry illustrates how to calculate personal income tax in Singapore.
 
==Calculating Income Tax==
==Tax payers==
Annual tax filing is compulsory for tax residents earning an annual income of '''<u>S$22,000 or more</u>'''. If an individual earns less than S$22,000 a year, they are exempted from paying income tax.<ref>“[https://www.iras.gov.sg/irashome/Individuals/Locals/Learning-the-basics/Individuals-Required-to-Pay-Income-Tax/ Individuals Exempted from Paying Tax]”. ''IRAS.'' Accessed on 10 March 2020.</ref>
According to the Inland Revenue Authority of Singapore (IRAS), all Singaporeans, PRs and foreigners who have been working in Singapore for 183 days or more in a tax year are required to pay income tax. A tax year for personal income tax corresponds to a full calendar year from 1 January to 31 December.
===Step 1. Check & Claim Tax Reliefs===
 
The first step is to check whether you qualify for any tax reliefs. Checking and claiming tax reliefs will reduce the amount of income tax you have to pay. All taxpayers are automatically given the '''<u>Earned Income Relief</u>'''. This relief does not need any action from the taxpayer. The relief amounts are as such:
A tax year for filing personal income tax should not be confused with the financial year for the Singapore government and selected businesses.<ref>“Income tax glossary”. ''Inland Revenue Authority of Singapore.'' Last updated on 14 December 2017. Accessed on 8 January 2019. Retrieved from: https://www.iras.gov.sg/irashome/Individuals/Locals/Learning-the-basics/Basic-Guide-for-New-Taxpayers/Income-Tax-Glossary/ </ref> The financial year for the government and businesses starts on 1 April of the calendar year to 31 March of the following year.<ref>“Factually: What is the budget process?”. ''Ministry of Communications and Information.'' Feb 18, 2014. Accessed on 8 January 2019. Retrieved from: https://www.gov.sg/factually/content/what-is-the-budget-process </ref>
 
===Income earned overseas===
Income tax is chargeable to all income earned within the geographical boundaries of Singapore. In most cases, income earned by individuals working overseas will not be taxed, with the exception of the following examples:
 
*The income was received before 1 January 2004.
*You are employed in Singapore but travelling is part of your job scope.
*You are an expatriate of the Singapore Government.
 
===Employee benefits===
Employee benefits refer to the gains derived from employment, such as accommodations and medical reimbursements.  All employee monetary and non-monetary benefits are taxable, unless they are specifically stated by the company and the government.<ref>“Employment Income (Salary, Bonus, Director's Fees, Commission, etc.)”. ''Inland Revenue Authority of Singapore''. January 19, 2018. Accessed on 4 January 2019. Retrieved from: https://www.iras.gov.sg/IRASHome/Individuals/Locals/Working-Out-Your-Taxes/What-is-Taxable-What-is-Not/Employment-Income--Salary--Bonus--Director-s-Fees--Commission--etc--/</ref>
 
Some examples of taxable employer benefits are:<ref>“Tax Treatment of Employee Remuneration”. ''Inland Revenue Authority of Singapore''. January 19, 2018. Accessed on 4 January 2019. Retrieved from: https://www.iras.gov.sg/irashome/Businesses/Employers/Tax-Treatment-of-Employee-Remuneration/</ref>
 
*Housing provided by employer
*Cars provided by employer
*Overtime salaries
*Medical reimbursements
 
==Tax rates==
Singapore follows a progressive tax rate. This is to minimise income inequality as tax rates vary according to the level of income, whereby individuals with higher annual income will be subjected to higher tax rates.
 
Tax rates are determined by the level of chargeable income, which is the amount of income left after tax reliefs and other approved expenses.
 
'''<u>Personal Income Tax Rates For 2018/2019</u>'''<ref>“Income Tax Rates”. ''Inland Revenue Authority of Singapore''. January 19, 2018. Accessed on 4 January 2019. Retrieved from: https://www.iras.gov.sg/irashome/Individuals/Locals/Working-Out-Your-Taxes/Income-Tax-Rates/</ref>
{| class="wikitable"
{| class="wikitable"
|Chargeable Income
!Age
|Income Tax Rate (%)
!Able-Bodied Persons
|Gross Tax Payable (S$)
!Handicapped Persons*
!Refs.
|-
|< 55 years old
|$1,000
|$4,000
| rowspan="3" |<ref>“[https://www.iras.gov.sg/IRASHome/Individuals/Locals/Working-Out-Your-Taxes/Deductions-for-Individuals/Earned-Income-Relief/ Earned Income Relief]”. ''IRAS.'' Accessed on 12 March 2020.</ref>
|-
|55 - 59 years old
|$6,000
|$10,000
|-
|> 59 years old
|$8,000
|$12,000
|}<nowiki>*</nowiki>First-time handicapped tax-payers must submit [https://www.iras.gov.sg/IRASHome/uploadedFiles/IRASHome/Individuals/Application%20for%20Claim%20of%20Handicapped-Related%20Tax%20Reliefs.doc this form] to the Inland Revenue Authority of Singapore (IRAS) through [https://www.iras.gov.sg/irashome/Contact-Us/Email-us/ e-mail].
===Step 2. Calculate Your Chargeable income===
The '''<u>chargeable income</u>''' determines how much income tax you have pay.
Chargeable Income = Total Annual Income - Total Amount of Tax Reliefs
To explain further, the chargeable income is what is left after deducting tax reliefs from your annual income.
===Step 3: Figure Out Your Income Bracket & the Tax Payable===
The table below shows the '''<u>progressive income tax rates</u>''' in Singapore.<ref>"[https://www.iras.gov.sg/irashome/Individuals/Locals/Working-Out-Your-Taxes/Income-Tax-Rates/ Income Tax Rates]”. ''IRAS''. Accessed on 10 March 2020.</ref>
{| class="wikitable"
!Income Bracket / year
!Chargeable Income
!Rate (%)
!Gross Tax Payable ($)
!Maximum Tax Payable for Income Bracket
|-
|-
| rowspan="2" |$20,000 - $30,000
|First $20,000
|First $20,000
Next $10,000
|0
|0
2
|0
|0
 
| rowspan="2" |$200
200
|-
|Next $10,000
|2
|$200
|-
|-
| rowspan="2" |$30,000 - $40,000
|First $30,000
|First $30,000
 
| -
Next $10,000
|$200
|<nowiki>-</nowiki>
| rowspan="2" |$550
 
|-
3.5
|Next $10,000
|200
|3.5
 
|$350
350
|-
|-
| rowspan="2" |$40,000 - $80,000
|First $40,000
|First $40,000
 
| -
Next $40,000
|$550
|<nowiki>-</nowiki>
| rowspan="2" |$3,350
 
|-
7
|Next $40,000
|550
|7
 
|$2,800
2,800
|-
|-
| rowspan="2" |$80,000 - $120,000
|First $80,000
|First $80,000
 
| -
Next $40,000
|$3,350
|<nowiki>-</nowiki>
| rowspan="2" |$7,950
 
|-
11.5
|Next $40,000
|3,350
|11.5
 
|$4,600
4,600
|-
|-
| rowspan="2" |$120,000 - $160,000
|First $120,000
|First $120,000
 
| -
Next $40,000
|$7,950
|<nowiki>-</nowiki>
| rowspan="2" |$13,950
 
|-
15
|Next $40,000
|7,950
|15
 
|$6,000
6,000
|-
|-
| rowspan="2" |$160,000 - $200,000
|First $160,000
|First $160,000
Next $40,000
|<nowiki>-</nowiki>
|<nowiki>-</nowiki>
 
|$13,950
18
| rowspan="2" |$21,150
|13,950
 
7,200
|-
|-
|Next $40,000
|18
|$7,200
|-
| rowspan="2" |$200,000 - $240,000
|First $200,000
|First $200,000
 
| -
Next $40,000
|$21,150
|<nowiki>-</nowiki>
| rowspan="2" |$28,750
 
|-
19
|Next $40,000
|21,150
|19
 
|$7,600
7,600
|-
|-
| rowspan="2" |$240,000 - $280,000
|First $240,000
|First $240,000
 
| -
Next  $40,000
|$28,750
|<nowiki>-</nowiki>
| rowspan="2" |$36,550
 
|-
19.5
|Next $40,000
|28,750
|19.5
 
|$7,800
7,800
|-
|-
| rowspan="2" |$280,000 - $320,000
|First $280,000
|First $280,000
 
| -
Next $40,000
|$36,550
|<nowiki>-</nowiki>
| rowspan="2" |$44,550
 
|-
20
|Next $40,000
|36,550
|20
 
|$8,800
8,000
|-
|-
| rowspan="2" |$320,000 & above
|First $320,000
|First $320,000
 
| -
in excess of $320,000
|$44,550
|<nowiki>-</nowiki>
| rowspan="2" |$114,950 & above
 
|-
22
|In excess of $320,000
|44,550
|22
|$70,400 & above
|}
|}
For example, an individual earning an annual income of SGD$35,000 will have to pay the income tax amount of SGD$350, which is the sum of SGD$200 for the first SGD$30,000 and 3.5% for the next $10,000.
==Examples of Income Tax Calculation==
 
The following case studies will illustrate how income tax is calculated.
==Tax reliefs==
===Example 1===
Tax reliefs are benefits that all taxpayers get to enjoy that will help to reduce their chargeable income and tax rates.
Mr Thio is a 29-year-old Singaporean Citizen who earned '''<u>$50,750</u>''' in 2019. He had also qualified for '''<u>$15,250</u>''' worth of tax reliefs. His chargeable income and tax payable are as follows.
 
Tax reliefs will be rewarded if taxpayers bear children, live with their parents, serve the country through National Service (NS), donate to approved charities or top up their CPF account for retirement planning.
 
'''<u>Common Tax Reliefs</u>'''<ref>“Deductions for Individuals (Reliefs, Expenses, Donations)”. ''Inland Revenue Authority of Singapore''. January 19, 2018. Accessed on 4 January 2019. Retrieved from: https://www.iras.gov.sg/irashome/Individuals/Locals/Working-Out-Your-Taxes/Deductions-for-Individuals--Reliefs--Expenses--Donations-/</ref>
{| class="wikitable"
{| class="wikitable"
|Tax Reliefs
! colspan="3" |Income After Tax Reliefs
|Amount of Relief
|-
| colspan="2" |Yearly Income
|$50,750
|-
| colspan="2" |Less (Tax Reliefs)
|$15,250
|-
|-
|Approved Donations
| colspan="2" |Chargeable Income
|$2.50 tax relief per $1 donated
|$35,500
|-
|-
|Parenthood Tax Rebates
! colspan="3" |Tax Payable
|1st child - $5,000
 
2nd child - $10,000
 
3rd child - $20,000
|-
|-
|Living With Parents t&c
| colspan="3" |
|Living together - $9,000
After claiming the tax reliefs, Mr Thio's chargeable income is '''<u>$35,550</u>'''. He falls in the following income bracket: '''<u>$30,000 - $40,000 (3.5% tax rate)</u>'''
 
Not living together - $5,500
|-
|-
|CPF Cash Top-ups
|First S$30,000
 
| colspan="2" |$200
(for Singaporeans and PRs only)
|$7,000
|-
|-
|Course Fees
|Next $5,500
|$1 course fee = $1 tax relief
| colspan="2" |5,500 x 3.5% = $192.50
 
|-
(maximum $5,500 per year)
|'''Gross Tax Payable'''
|}
| colspan="2" |'''$392.50'''
The only tax-deductible donations are those made to approved Institution of a  Public Character (IPC). Some common IPC approved charities are Children’s Cancer Foundation ([https://www.ccf.org.sg/ official website]) and The National Kidney Foundation ([https://www.nkfs.org/support-us/donor/make-a-donation/ official website]).<ref>“Deductions for Individuals (Reliefs, Expenses, Donations)”. ''Inland Revenue Authority of Singapore''. January 19, 2018. Accessed on 4 January 2019. Retrieved from: https://www.iras.gov.sg/irashome/Individuals/Locals/Working-Out-Your-Taxes/Deductions-for-Individuals--Reliefs--Expenses--Donations-/</ref> The IPC status of a charity can be found on MCCY's Charity Portal ([https://www.charities.gov.sg/Pages/Home.aspx official website]).
|}Before tax reliefs, Mr Thio would have had to pay '''<u>$1,302.50</u>''' ($550 + $752.50). He saved '''<u>$910</u>''' from qualifying for various tax relief schemes.
 
===Example 2===
 
Mdm Afiqah is a 63-year-old Singaporean Citizen who earned '''<u>$250,000</u>''' in 2019. She had also qualified for '''<u>$15,900</u>''' worth of tax reliefs. Her chargeable income and tax payable are as follows.
The '''Parenthood Tax Rebate''' is a one-off tax relief that is claimed the year after the child is born. The claim amount, depending on the birth order of the child, can be split between both parents.<ref>Yeo, Stephanie. “Tax filing tips for parents: How to save $50,000 on your income tax bill”. ''Young Parents''. March 9, 2016. Accessed on 4 January 2019. Retrieved from: https://www.youngparents.com.sg/family/how-save-50000-your-income-tax-bill-tax-filing-tips-parents/</ref>
{| class="wikitable"
 
! colspan="2" |Income After Tax Reliefs
 
|-
In order to be eligible for the '''Parent Relief''', the dependent has to be 55 years of age or above with the annual income of less than $4,000. This however, is not applicable to dependents with physical or mental disabilities. In the case where the dependent is not living in same household, the taxpayer has to spend $2,000 or more in supporting the former in that year in order to qualify for the relief.<ref>“Parent Relief / Handicapped Parent Relief.” ''Inland Revenue Authority of Singapore''. January 19, 2018. Accessed on 4 January 2019. Retrieved from: https://www.iras.gov.sg/IRASHome/Individuals/Locals/Working-Out-Your-Taxes/Deductions-for-Individuals/Parent-Relief-/-Handicapped-Parent-Relief/</ref>
|Yearly Income
 
|$250,000
 
|-
'''Course fees''' refer to lessons and trainings that individuals sign up to upgrade their skill levels. In order to qualify for course fees relief, individuals must have held a full-time job prior to enrolling in the course. In the case where a course spans across a few years and the individual has made payment up front, tax relief can be claimed across different tax years. For example, an individual who paid SGD$12,000 for a 4-year course in 2018 may continuously claim SGD$4,000 in 2019, 2020, and 2021.<ref>"Course Fees Relief". January 19, 2018. ''Inland Revenue Authority of Singapore''. Accessed on 14 February 2019. Retrieved from: https://www.iras.gov.sg/IRASHome/Individuals/Locals/Working-Out-Your-Taxes/Deductions-for-Individuals/Course-Fees-Relief/</ref>
|Less (Tax Reliefs)
 
|$15,900
===Claiming of tax reliefs===
|-
Tax reliefs can be claimed via myTaxPortal ([https://mytax.iras.gov.sg/ESVWeb/default.aspx official website]). After the entering the portal using SingPass or IRAS Pin, taxpayers can select their reliefs and deductions by editing Form B/B1. However, it is important to note that personal income tax reliefs are capped at $80,000 per tax year.<ref>“Deductions for Individuals (Reliefs, Expenses, Donations)”. ''Inland Revenue Authority of Singapore''. January 19, 2018. Accessed on 4 January 2019. Retrieved from: https://www.iras.gov.sg/irashome/Individuals/Locals/Working-Out-Your-Taxes/Deductions-for-Individuals--Reliefs--Expenses--Donations-/</ref>
|Chargeable Income
 
|$234,100
==Filing of income tax==
|-
The tax filed during every Year of Assessment (YA) is for the income earned the previous year. For example, YA 2019 is for the income earned from 1 Jan to 31 Dec 2018. Taxpayers can file their taxes through e-filing at myTaxPortal,mobile phones or paper forms, which will be available online from 1 March every year ([https://mytax.iras.gov.sg/ESVWeb/default.aspx official website]).
! colspan="2" |Tax Payable
 
|-
All taxpayers are obligated to file their income tax by 15 April (paper) or 18 April (e-filing) every tax year. Individuals with low or no income are also required to file their taxes unless they are notified via letter or SMS that they are selected for No-Filing Service (NFS). Taxpayers will be subjected to penalties or legal charges if their taxes are not filed by the deadline.
| colspan="2" |
 
After claiming the tax reliefs, Mdm Afiqah's chargeable income is '''<u>$234,100</u>'''. She falls in the following income bracket: '''<u>$200,000 - $240,000 (19% tax rate)</u>'''
==Paying of income tax==
|-
After filing the tax returns, tax residents will receive a tax bill, known as the Notice of Assessment (NOA) between May to September every year. Upon receiving the NOA, it is the taxpayer’s responsibility to ensure the accuracy of his tax bill. If there are any mistakes with the tax reliefs or if the taxpayer is unsatisfied with the total tax payable, he needs to inform IRAS within 30 days from the date of the NOA and indicate the reason for objection.
|First $200,000
 
|$21,150
Taxpayers have to clear all the outstanding tax amount within 30 days of receiving the NOA, even after notifying the IRAS about the objection. Penalties will be imposed for late payments.
|-
 
|Next $34,100
===Payment methods===
|34,100 x 19% = $6,479
Majority of taxpayers opt for the General Interbank Recurring Order (GIRO) plan, which is an interest-free 12-month installment plan done through automated electronic payment. However, individuals may also choose to make once off payments at AXS machines or any Singpost branches.
|-
 
|'''Gross Tax Payable'''
==References / Citation==
|'''$27,629'''
|}Before tax reliefs, Mdm Afiqah would have had to pay '''<u>$30,700</u>''' ($28,750 + $1,950). She saved '''<u>$3,071</u>''' from qualifying for various tax relief schemes.
==References / Citations==
<br />
<references />
<references />
[[Category:Adulting Guides]]

Latest revision as of 09:39, 24 March 2020

This entry is one of three Income Tax Guides for Singaporeans on Wiki.sg. Part One explains how you should calculate your income tax. Part Two complies the current Income Tax Reliefs in Singapore that can potentially reduce how much tax you pay. Part Three explains how to calculate your CPF Reliefs.

The IRAS is the governing body for income tax matters in Singapore. Pictured: The facade of the IRAS building. ST File / Business Times.

Singapore has a relatively low income tax rate of 0 to 22%. Taxpayers in Singapore with an annual income of ~$100,000 face a maximum rate of 11.5% compared to their counterparts in Japan (23%), Thailand (30%), New Zealand (33%), Canada (26%) and Germany (42%).[1] Singapore follows a progressive income tax model. Essentially the more you earn, the more income tax you pay. This entry illustrates how to calculate personal income tax in Singapore.

Calculating Income Tax

Annual tax filing is compulsory for tax residents earning an annual income of S$22,000 or more. If an individual earns less than S$22,000 a year, they are exempted from paying income tax.[2]

Step 1. Check & Claim Tax Reliefs

The first step is to check whether you qualify for any tax reliefs. Checking and claiming tax reliefs will reduce the amount of income tax you have to pay. All taxpayers are automatically given the Earned Income Relief. This relief does not need any action from the taxpayer. The relief amounts are as such:

Age Able-Bodied Persons Handicapped Persons* Refs.
< 55 years old $1,000 $4,000 [3]
55 - 59 years old $6,000 $10,000
> 59 years old $8,000 $12,000

*First-time handicapped tax-payers must submit this form to the Inland Revenue Authority of Singapore (IRAS) through e-mail.

Step 2. Calculate Your Chargeable income

The chargeable income determines how much income tax you have pay. 

Chargeable Income = Total Annual Income - Total Amount of Tax Reliefs

To explain further, the chargeable income is what is left after deducting tax reliefs from your annual income.

Step 3: Figure Out Your Income Bracket & the Tax Payable

The table below shows the progressive income tax rates in Singapore.[4]

Income Bracket / year Chargeable Income Rate (%) Gross Tax Payable ($) Maximum Tax Payable for Income Bracket
$20,000 - $30,000 First $20,000 0 0 $200
Next $10,000 2 $200
$30,000 - $40,000 First $30,000 - $200 $550
Next $10,000 3.5 $350
$40,000 - $80,000 First $40,000 - $550 $3,350
Next $40,000 7 $2,800
$80,000 - $120,000 First $80,000 - $3,350 $7,950
Next $40,000 11.5 $4,600
$120,000 - $160,000 First $120,000 - $7,950 $13,950
Next $40,000 15 $6,000
$160,000 - $200,000 First $160,000 - $13,950 $21,150
Next $40,000 18 $7,200
$200,000 - $240,000 First $200,000 - $21,150 $28,750
Next $40,000 19 $7,600
$240,000 - $280,000 First $240,000 - $28,750 $36,550
Next $40,000 19.5 $7,800
$280,000 - $320,000 First $280,000 - $36,550 $44,550
Next $40,000 20 $8,800
$320,000 & above First $320,000 - $44,550 $114,950 & above
In excess of $320,000 22 $70,400 & above

Examples of Income Tax Calculation

The following case studies will illustrate how income tax is calculated.

Example 1

Mr Thio is a 29-year-old Singaporean Citizen who earned $50,750 in 2019. He had also qualified for $15,250 worth of tax reliefs. His chargeable income and tax payable are as follows.

Income After Tax Reliefs
Yearly Income $50,750
Less (Tax Reliefs) $15,250
Chargeable Income $35,500
Tax Payable 
After claiming the tax reliefs, Mr Thio's chargeable income is $35,550. He falls in the following income bracket: $30,000 - $40,000 (3.5% tax rate)
First S$30,000 $200
Next $5,500 5,500 x 3.5% = $192.50
Gross Tax Payable $392.50

Before tax reliefs, Mr Thio would have had to pay $1,302.50 ($550 + $752.50). He saved $910 from qualifying for various tax relief schemes.

Example 2

Mdm Afiqah is a 63-year-old Singaporean Citizen who earned $250,000 in 2019. She had also qualified for $15,900 worth of tax reliefs. Her chargeable income and tax payable are as follows.

Income After Tax Reliefs
Yearly Income $250,000
Less (Tax Reliefs) $15,900
Chargeable Income $234,100
Tax Payable 
After claiming the tax reliefs, Mdm Afiqah's chargeable income is $234,100. She falls in the following income bracket: $200,000 - $240,000 (19% tax rate)
First $200,000 $21,150
Next $34,100 34,100 x 19% = $6,479
Gross Tax Payable $27,629

Before tax reliefs, Mdm Afiqah would have had to pay $30,700 ($28,750 + $1,950). She saved $3,071 from qualifying for various tax relief schemes.

References / Citations


  1. ↑ "Think You'll Be Paying Lesser Income Tax Elsewhere? Think Again….” Seedly. March 9, 2020. Accessed on 10 March 2020.
  2. ↑ “Individuals Exempted from Paying Tax”. IRAS. Accessed on 10 March 2020.
  3. ↑ “Earned Income Relief”. IRAS. Accessed on 12 March 2020.
  4. ↑ "Income Tax Rates”. IRAS. Accessed on 10 March 2020.
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