Category: Singapore – Tax

In Singapore, Spouse Relief and Handicapped Spouse Relief are valuable tax deductions that can help lower your taxable income. Understanding their eligibility criteria and optimising your claims can lead to significant tax savings for YA 2025 and beyond. 📌 Understanding...

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As the calendar year draws to a close, taxpayers in Singapore have a golden window to legally reduce their taxable income and maximise reliefs. This guide offers actionable, keyword-rich tax planning strategies tailored to Singapore’s tax system—covering SRS contributions, donation...

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In 2025, the Singapore Government introduced a One-Off Property Tax Rebate to help households manage rising living costs. This rebate applies to both owner-occupied and non-owner-occupied residential properties, but the benefit differs depending on your property type and tax liability....

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Understand how the Inland Revenue Authority of Singapore (IRAS) taxes local and foreign-sourced income, what’s taxable, what’s exempt, and how it impacts residents and non-residents. 📌 Overview of Singapore’s Tax System Singapore follows a territorial basis of taxation. This means...

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The Goods and Services Tax (GST) rate in Singapore rose from 8% to 9% on 1 January 2025. While this may seem like a modest increase, the effect on everyday spending can be significant. This detailed guide explains how the...

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If you are a U.S. citizen or green card holder living in Singapore, the Foreign Account Tax Compliance Act (FATCA) affects you in ways that many expats do not fully understand. This U.S. tax law requires you to report your...

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A complete guide to understanding benefits-in-kind (BIK) taxation in Singapore—including housing benefits, company cars, and other non-cash perks—so you can file accurately and avoid surprises at tax time. 📌 What Are Benefits-in-Kind? Benefits-in-kind refer to non-cash perks or advantages provided...

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The Grandparent Caregiver Relief (GCR) is a valuable tax relief in Singapore for working mothers who rely on their parents, grandparents, or in-laws to care for their children. This guide explains eligibility, claim amounts, and the steps to maximise your...

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If you are a Singapore tax resident earning income from overseas, you may qualify for the Foreign-Sourced Income Exemption (FSIE). This scheme can save you from double taxation and help you optimise your Singapore income tax position. This comprehensive guide...

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In Singapore, the concept of Foreign Tax Relief (FTR) often raises questions among taxpayers earning income overseas. While it’s a legitimate tax mechanism to avoid double taxation, most individuals surprisingly don’t need to claim it. Here’s why, and when it...

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