Looking to reduce your income tax bill in Singapore? You’re not alone. Every year, Singaporeans lose out on thousands of dollars in tax reliefs because they don’t know about them or don’t claim them correctly.
In this ultimate guide 2024 edition, we’ll walk you through the different types of tax reliefs available in Singapore, and how to claim them. By following our tips, you can legally reduce your income tax bill and keep more money in your pocket.
1. CPF Cash Top-Up Relief
2. Supplementary Retirement Scheme (SRS) Contribution Relief
3. Course Fees Relief
4. Charitable Donations Relief
5. Tax reliefs for parents
Here are some tips for maximizing your tax reliefs:
By following these tips, you can legally reduce your income tax in Singapore and keep more money in your pocket.
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