If you pay income tax in Singapore there is good news coming your way with your next tax bill. The government has introduced a Personal Income Tax Rebate for the Year of Assessment 2025 that gives taxpayers up to S$200 off their tax bill automatically. You don’t need to apply or fill out any forms or wait for approval. This rebate is part of the larger SG60 Budget Package that aims to help Singaporeans deal with rising living costs while recognizing those who contribute to the country’s economic growth.
What Exactly Is the S$200 PIT Rebate?
Consider this a brief financial relief measure. The Inland Revenue Authority of Singapore (IRAS) will lower your tax payment by 60% for YA 2025 with a cap of S$200. When your tax bill is S$300 you get a rebate of S$180 which equals 60% of that amount. When your tax bill reaches S$400 or higher you receive the full S$200 rebate. This is a single-time reduction applied to your bill rather than a direct cash payment. It reduces your final tax amount & leaves you with extra money to keep.
Who Qualifies for the Rebate?
This relief is available to all Singapore tax residents assessed for YA 2025 who owe tax after deductions. To qualify you must have a tax bill remaining after all reliefs & deductions have been applied.
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– IRAS will apply the rebate automatically without any action required from you.
– If you have no tax to pay the rebate will not apply since there is nothing to offset.
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– The rebate will appear on your tax bill between April and December 2025 as long as you are an assessed taxpayer with an amount owing.
How It’s Applied No Paperwork Needed
IRAS will work out your eligible amount on its own and display it in your Notice of Assessment. The lower figure will already have the rebate included so you do not need to make any manual claim or follow up on it yourself.
Why This Matters for You
Singapore’s cost of living keeps rising and every dollar matters now. This rebate may be small but it shows the government’s ongoing commitment to help middle-income families manage their daily expenses. Nobody expects this to be life-changing money. Instead it offers consistent & dependable assistance that helps maintain financial stability while the economy shifts & changes. When your next tax bill arrives you should look closely at the numbers. That S$200 reduction might not seem dramatic but it could make your monthly budget planning somewhat easier throughout the year.
