This document provides information on various Singapore personal tax reliefs, exemptions, and schemes. It discusses tax reliefs available to Singaporeans/PRs, all taxpayers, and high net worth individuals. It also covers exemptions for foreign-sourced income if certain criteria are met. Other sections explain the differences between assessable and chargeable income, the Not Ordinarily Resident scheme, voluntary disclosure of wrong tax filings, and whether overseas income received in Singapore is taxable. The document aims to help taxpayers understand and apply relevant Singapore tax provisions.

1. OFFICIAL CORPORATE SERVICES PARTNER OF
Singapore Personal Tax 2018

2. TAX RELIEFS
YOU CAN
APPLY FOR
Tax Reliefs Available to
All Singaporeans and PRs
Deductible Expenses
from Rental Property
CPF Cash Top-up
Relief
NSman (Self/Parent)
Relief
Parenthood Tax
Rebate (PTR)
Child Reliefs
(QCR and HCR)
Working Mother’s
Child Relief (WMCR)
Grandparent Caregiver
Relief (GCR)
Medisave Contributions &
Voluntary Contributions to
Medisave Account

3. TAX RELIEFS
YOU CAN
APPLY FOR
Tax Reliefs Available to
All Taxpayers
Course Fees Relief
Spouse Relief
Foreign Maid
Levy Relief
Life Insurance Relief
Supplementary Retirement
Scheme (SRS)
Earned Income Relief

4. TAX RELIEFS
YOU CAN
APPLY FOR
Tax Reliefs Available to
All High Net Worth Individuals (HNWI)
Cash Donations
Land and Artefact
Donations
Public Art Tax Incentive
Scheme (PATIS)

5. TAX
EXEMPTION
FOR FOREIGN-
SOURCED
INCOME
Foreign sourced income is considered to be received in
Singapore if:
• Any income earned outside Singapore is remitted to,
transmitted or brought into Singapore;
• Any income earned outside Singapore is applied in or towards
satisfaction of any debt incurred in respect of a trade or
• business carried on in Singapore;
• Any amount from any income earned outside Singapore is
applied to purchase any movable property, which is brought
into Singapore.
What constitutes foreign-sourced Income?

6. What qualifies specified foreign-sourced
income for tax exemption?
Section 13(9) of the Income Tax Act, provides the criteria to
be met to qualify for tax exemption. The qualifying conditions
are as below:
• The foreign income had been subjected to tax in the foreign
country from which they were received (known as the
“subject to tax” condition).
• The headline tax rate of the foreign country from which the
income is received is at least 15%.
• The Comptroller is satisfied that the tax exemption would
be beneficial to the person resident in Singapore.
TAX
EXEMPTION
FOR FOREIGN-
SOURCED
INCOME

7. Assessable income
It is your total income after deducting allowable expenses and
approved donations.
Total income includes:
1. Trade income for the accounting year;
2. Employment income and; or
3. Other income such as rental income.
Chargeable income (Taxable Income)
It is the net income after deduction of expenses, donations and
personal reliefs. Personal tax reliefs, subject to conditions, includes
support of dependents, academic tuition, professional development
expense and premiums paid on life insurance policies.
ASSESSABLE
INCOME VS
CHARGEABLE
INCOME

8. ASSESSABLE
INCOME VS
CHARGEABLE
INCOME

9. NOT
ORDINARILY
RESIDENT
SCHEME
(NOR)
The eligibility requirements for qualifying as a tax resident are:
• Your total Singapore employment income must be at least $160,000 in the
year 2017
• Your employer is a local company (including a branch) registered in
Singapore
• You must have spent at least 90 days outside Singapore in the year 2017
for business purposes related to your employment in Singapore
• You are not a Singapore citizen or Permanent Resident for last 3 years of
assessment.
NOR Scheme
To encourage, attract and retain foreign talent, the Singapore
government has implemented a special scheme known as the NOR
scheme, specifically targeted at expatriates who use Singapore as a
base to reach out to their regional headquarters.

10. NOR
EXAMPLE

11. Data from April 2017 to Jan 2018
Voluntary Disclosure Programme (VDP)
The IRAS Voluntary Disclosure Programme (VDP) aims to encourage
taxpayers that have made errors in their tax returns to
voluntarily come forward to correct their errors. IRAS is prepared to
reduce penalties for voluntary disclosures which meet the qualifying
conditions.
Qualifying Conditions
• Cooperate fully with IRAS to correct the errors made; and
• Pay or make arrangements with IRAS to pay additional taxes or
amount exceeding cash payout / bonus than entitled to and
penalties imposed (if any), and honour such arrangements till all
payments are made.
VOLUNTARY
DISCLOSURE
OF WRONG
FILING

12. VOLUNTARY
DISCLOSURE
OF WRONG
FILING

13. IS OVERSEAS
INCOME
RECEIVED IN
SINGAPORE
TAXABLE?
Overseas Income Received in Singapore
Generally, overseas income received in Singapore on or after 1 Jan 2004 is not
taxable and does not need to be declared. This includes overseas income paid
into a Singapore bank account.
Taxable Overseas Income
Overseas income is taxable in Singapore if:
a) It is received through partnerships in Singapore; or
b) Your overseas employment is incidental to your Singapore employment i.e.
your work overseas is part of your work here.
c) Employed Overseas on Behalf of the Singapore Government
d) You have a trade/business in Singapore and you are carrying on a trade/
business overseas which is incidental to your Singapore trade.
e) You received service income from overseas, unless the income qualifies for
exemption.
Should your gains from your overseas employment be taxed in the foreign
country, you may apply for double taxation relief, to avoid being taxed twice on
the same income

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