For the Year of Assessment (YA) 2017, all tax resident individuals will receive an income tax rebate of 20% of tax payable, up to a cap of $500.

Rebate for Tax Residents
For YA 2017, all tax residents will receive an income tax rebate of up to $500.

You will be treated as a tax resident for a particular YA if you are:

(a)  A Singapore Citizen who normally resides in Singapore except for temporary absences; or

(b)  A Singapore Permanent Resident (SPR) who has established a permanent home in Singapore; or

(c)  A foreigner who has stayed / worked in Singapore (excluding director of a company) for 183 days or more in the previous year, i.e. year before the YA.

Amount of Tax Rebate
The tax rebate is calculated based on the following:

(1)  the amount of tax payable after double taxation relief (DTR) and other credits; and

(2)  the amount of tax payable before offsetting the Parenthood Tax Rebate.

All tax resident individuals will receive an income tax rebate of 20% of tax payable, up to a cap of $500.

Applying for Tax Rebate
You do not need to apply for this rebate. IRAS will compute and grant the rebate automatically to all tax residents.

Source: IRAS