Search results
Parenthood Tax Rebate (PTR) Share: Married, divorced or widowed parents may claim tax rebates of up to $20,000 per child. As PTR is a one-off rebate, you may only claim PTR on a qualifying child once. On this page: Qualifying for rebate. PTR treatment for different scenarios.
If you are a parent, you may be eligible to claim the Parenthood Tax Rebate of $5,000 for your first child, $10,000 for your second child, and $20,000 per child for your third and subsequent child. The child must be a Singapore Citizen at the time of birth or within 12 months thereafter.
Parenthood Tax Rebate (PTR) The PTR is a credit to offset your tax payable. You can make a one-time claim for PTR in the year following your child's year of birth.
Oct 6, 2024 · Provides a one-off tax rebate of up to $20,000 per child to eligible parents to encourage them to have more children. SCHEME HIGHLIGHTS. Tax rebate of up to $20,000 per child for eligible parents. Parenthood Tax Rebate (PTR) may be shared between parents based on an agreed apportionment.
Parenthood Tax Rebate (PTR) You and your spouse may share the rebate based on an apportionment agreed by both of you. Tax deductions. Deductions on rental expenses. Claim tax deductions on expenses related to rental income derived in Singapore. Deductions on donations. Tax deductions will be automatically granted for qualifying donations.
Sep 27, 2022 · Discover the conditions and benefits of the Parenthood Tax Rebate (PTR) in Singapore. Learn how to qualify and claim up to $20,000 per child.
Jul 29, 2021 · Parents can claim a one-time amount of $5,000 for their first child, $10,000 for their second, and $20,000 for their third and each subsequent child. Any unutilised balance is automatically carried forward and offsets your future payable tax.
Feb 25, 2024 · As a parent in Singapore, you may be eligible for the Parenthood Tax Rebate (PTR), a financial incentive aimed at supporting families. The rebate amounts to $5,000 for your first child, $10,000 for your second, and an increased $20,000 for each subsequent child.
Nov 11, 2021 · The Parenthood Tax Rebate (PTR) is easily the most available tax rebate for most parents in Singapore. The PTR was implemented to encourage families to have more children and also to lighten the financial burden of raising a larger family in Singapore. Take note that the PTR is not a tax deduction – but a rebate.
What: Parenthood Tax Rebate (PTR) Who can claim: Parents – Married, divorced or widowed Singaporeans. Eligibility: Your child has to be born a Singapore citizen, or become one within the 12 months from birth. Amount claimed: This rebate ranges from $5,000 for your first child (born from 2008 onwards) to $20,000 for your fourth and subsequent child.
