All tax-paying residents in Singapore can enjoy a 60% income tax rebate (capped at S$200) for the Year of Assessment 2025. This one-time rebate reduces your tax bill automatically—no application required. Learn who qualifies, how it’s calculated, and what to expect from your next IRAS tax notice.
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Introduction to the S$200 Tax Rebate
To commemorate Singapore’s 60th year of independence (SG60), the government has rolled out a Personal Income Tax (PIT) Rebate for YA 2025. The rebate aims to ease the cost of living and reward tax-paying residents for their contribution to the nation’s growth.
Eligible taxpayers automatically receive a 60 % reduction on their payable tax, up to S$200. This adjustment appears directly in their IRAS Notice of Assessment, with no need for forms or manual applications.
Key Highlights of the Rebate
| Particulars | Details |
|---|---|
| Rebate Name | 2025 Personal Income Tax (PIT) Rebate |
| Year of Assessment | 2025 (for income earned in 2024) |
| Rebate Rate | 60 % of tax payable |
| Maximum Limit | S$200 |
| Application Needed | No – automatically applied by IRAS |
| Administered By | Inland Revenue Authority of Singapore (IRAS) |
| Purpose | Reduce the tax burden for working residents |
Who Is Eligible for the Rebate
To qualify for the 2025 tax rebate, you must meet all of the following:
- Be a Singapore tax resident for the Year of Assessment 2025.
- Have income tax payable after applying all deductions and reliefs.
- File your tax return (if not under the No-Filing Service) to ensure assessment.
- The rebate is not granted if your final tax payable is zero, since there is no liability to reduce.
This structure ensures that relief goes directly to working taxpayers who actively contribute to the country’s economy.
How the Rebate Is Calculated
The rebate equals 60 % of your final tax payable, capped at S$200.
| Tax Payable (After Reliefs) | Rebate @ 60 % | Actual Rebate Received |
|---|---|---|
| S$300 | S$180 | S$180 |
| S$400 | S$240 | S$200 (capped) |
The calculation is done after deductions but before Parenthood Tax Rebate (if any). IRAS automatically adjusts the amount and reflects it on your tax bill.
When and How It Will Appear
Once your 2025 tax assessment is issued (between April and September 2025):
- The rebate line item appears under your total tax computation.
- The final payable amount is reduced accordingly.
- Any overpaid tax will be refunded automatically via GIRO or PayNow.
No separate claim or paperwork is required.
What If You Don’t Owe Any Tax?
If your tax payable is zero, you will not receive a rebate or cash credit. The measure only applies to taxpayers with an existing tax liability; it cannot be carried forward to future years.
Why This Rebate Matters
- Direct Relief: Instantly lowers your 2025 tax bill.
- Automatic Process: No forms, no waiting, no extra effort.
- Fair Distribution: Focused on working individuals who pay taxes.
- National Support: Part of the broader SG60 financial relief package that shares the country’s growth with residents.
Frequently Asked Questions (FAQs)
Do I need to apply for the rebate?
No – IRAS automatically applies it when your tax is assessed.
How much will I receive?
You get 60 % of your final tax payable, up to S$200.
Can I carry the rebate forward to next year?
No, it is a one-time relief for YA 2025 only.
Will non-residents get it?
Only Singapore tax residents qualify.
How do I check if it has been applied?
Review your 2025 Notice of Assessment via myTax Portal once it is issued.