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If you are a tax resident in the preceding year (i.e. physically present or exercised employment in Singapore for 183 days or more between 1 Jan 2023 and 31 Dec 2023), you may use the Tax Calculator (XLS, 112 KB) for Resident Individuals to calculate your tax payable. You may also wish to find out more about related tax calculators (e.g. rental ...
I am on GIRO. Why is IRAS deducting from my bank account when I have not received my tax bill? Updated 3mo ago 4
Updated by IRAS 11mo ago Please refer to this webpage , or use the Tax Clearance Calculator (XLS, 101KB) to find out whether tax clearance is required for your employee. The type of pass your employee holds (including long-term visit pass and dependant's pass) does not affect the tax clearance requirement.
You can claim personal reliefs and rebates if you are a Singapore tax resident and have met the qualifying conditions for the respective reliefs/rebates in the preceding year. You may check your eligibility for the personal reliefs and Parenthood Tax Rebate using the 'Personal Reliefs Eligibility Tool' and ‘ Parenthood Tax Rebate calculator for tax resident individuals ’ available at our ...
Use the Stamp Duty Interactive Calculator for computation of Stamp Duty payable.
Updated by IRAS 11mo ago Annual property tax is calculated by multiplying the Annual Value (AV) of the property with the Property Tax Rates that apply to you. For example, if the AV of your property is $30,000 and your tax rate is 10%, you would pay $30,000 x 10% = $3,000 in property taxes.
Get answers to common questions about individual income tax from public officers and verified citizens on the IRAS FAQ platform.
Stamp Duty is calculated using Lease Duty rates and is based on the higher of the contractual rent or the market rent. Average Annual Rent (AAR) is determined based on the higher of the average annual contractual or annualized market rent, including other considerations. Properties with an AAR of $1,000 or less are exempt from Stamp Duty. For ...
How do I check if I need to file a tax return for the Year of Assessment 2024? Updated 3mo ago 2
Mar 5, 2024 · Find out more about deductions for the different types of expenses (e.g. employment expenses, business expenses). To simplify the tax filing for rental expenses , you may opt to claim the rental expenses based on 15% of the gross rental income derived from the tenanted residential property, instead of the actual amount of deductible expenses ...
