As part of the broader SG60 support, the Government has introduced a Personal Income Tax rebate for the Year of Assessment 2025. The rebate lightens the tax bill for individual tax residents and is applied automatically by the Inland Revenue Authority of Singapore. It is not a cash payout. Instead it reduces the amount of tax you owe for YA 2025. This guide explains how the rebate works, who is eligible, how much you can save, what happens if you have already paid, and where to check your updated assessment.
What Is The Personal Income Tax Rebate For YA 2025
The Personal Income Tax rebate for YA 2025 is a one time reduction that equals 60 percent of your tax payable, up to a maximum of S$200. It applies only to the tax that is assessed for YA 2025. YA 2025 covers income that you earned from 1 January 2024 to 31 December 2024.
The rebate is once off. It does not roll over to later years. If the Government announces new measures for future years, those will be communicated separately.
Short Summary
Item |
Details |
|---|---|
Measure |
Personal Income Tax rebate for YA 2025 |
Value |
60 percent of tax payable, capped at S$200 |
Who qualifies |
Singapore tax residents with income tax payable for YA 2025 |
Application needed |
No. IRAS applies the rebate automatically |
If already assessed |
IRAS will revise the assessment and issue any refund automatically |
Reference year |
YA 2025 taxes are based on income earned in 2024 |
Official site |
How The Rebate Works In Practice
- IRAS computes your tax for YA 2025 after considering reliefs and deductions.
- The rebate is then applied to the balance of tax payable.
- The amount removed from your bill is 60 percent of the tax payable, subject to a S$200 cap.
- If your computed tax is S$0, there is no rebate to apply.
- The rebate cannot create a cash refund beyond what you have paid for YA 2025.
Quick Examples
- If your tax payable is S$100, your rebate is S$60. You pay S$40.
- If your tax payable is S$200, your rebate is S$120. You pay S$80.
- If your tax payable is S$1,000, your rebate is S$200 due to the cap. You pay S$800.
- If your tax payable is S$0, there is no rebate and there is nothing to pay.
Eligibility Conditions
You qualify if all of the following apply:
- You are a tax resident of Singapore for YA 2025.
- You have Personal Income Tax payable for YA 2025 after all reliefs and deductions.
- Your assessment is for YA 2025, which relates to income earned in 2024.
You do not need to submit any claim or application. IRAS will apply the rebate automatically when issuing your Notice of Assessment.
If You Have Already Been Assessed Or Paid
Some taxpayers may have received their assessment or even paid before the rebate was finalised. IRAS will revise those assessments. If the revision shows that you paid more than required after the rebate, IRAS will process a refund to your registered bank account or by cheque, following its standard procedures. No action is needed from you.
Comparison With YA 2024
Year of Assessment |
Rebate percentage |
Cap |
|---|---|---|
YA 2024 |
50 percent |
S$200 |
YA 2025 |
60 percent |
S$200 |
The cap remains the same, but the percentage is higher in YA 2025. That means taxpayers with modest tax bills will save a bit more compared to last year.
What The Rebate Is Not
- It is not a cash voucher or cash handout.
- It is not transferable to another person.
- It does not carry forward to future Years of Assessment.
- It does not apply to other taxes such as property tax, GST, or corporate income tax.
- It does not replace your duty to file a return if you are required to file.
Key Dates And Where To Check
- Filing for income earned in 2024 takes place during the 2025 tax season in the usual window.
- After you file, IRAS issues your Notice of Assessment.
- The Notice will show the rebate line for YA 2025 where applicable.
- You can review your updated assessment and any refund status by logging in to myTax Portal with Singpass on the IRAS website.
Practical Tips To Maximise Your Savings
- File accurately and on time so your assessment can be processed with the rebate included.
- Review your Notice of Assessment to confirm that the 60 percent rebate, capped at S$200, has been applied.
- Check that your bank details in myTax Portal are up to date for any refund.
- Keep records of reliefs, donations, and allowances so your base tax is computed correctly before the rebate is applied.
- If you are on GIRO, monitor your instalment plan. IRAS will adjust instalments to reflect the revised balance.
Frequently Asked Questions
1. Who qualifies for the Personal Income Tax rebate in YA 2025
Any individual who is a Singapore tax resident and has Personal Income Tax payable for YA 2025 qualifies. The rebate is applied automatically.
2. How much will I save
You save 60 percent of your YA 2025 tax payable, up to S$200. The exact amount depends on your tax after reliefs and deductions.
3. Do I need to apply
No. There is no application. IRAS will compute and apply the rebate when preparing your Notice of Assessment.
4. What if I already paid before the rebate was announced
IRAS will revise your assessment and refund any excess automatically. You do not need to submit new forms.
5. Can the rebate be carried forward or converted to cash
No. It only reduces your YA 2025 Personal Income Tax. It cannot be carried forward, transferred, or received as a separate cash payout.
Conclusion
The YA 2025 Personal Income Tax rebate provides timely and simple relief to individual tax residents. By cutting 60 percent of tax payable up to a S$200 limit, it lowers tax bills during the SG60 year without any extra paperwork. File accurately, check your Notice of Assessment for the rebate line, and ensure your refund details are current. For full guidance and the latest updates, visit the official IRAS website.
Official site: https://www.iras.gov.sg
For More Information Click HERE
