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Singapore Explains Various Tax Matters for Individuals for Year of Assessment 2025

18 March 2025

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Approved Changes

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Singapore

The Inland Revenue Authority of Singapore has issued a media release on various tax matters for individuals for the year of assessment 2025 (tax year 2024), including the No-Filing Service (NFS) and Direct Notice of Assessment (D-NOA), the automatic tax rebate of 60% of tax payable, capped at SGD 200 per taxpayer, changes to dependant-related tax reliefs, and the standardization of the Paper Filing Due Date to 18 April. --- Over 1.9 Million Taxpayers to Enjoy No-Filing Service (NFS) for Tax Season 2025 500,000 Taxpayers on NFS to Benefit from Direct Notice of Assessment (D-NOA) Initiative Individual Income Tax Rebate...