Individual - Significant developments

Last reviewed - 07 February 2020

The 2019 Budget changes have been legislated. Individual tax changes include the following:

  • Personal income tax (PIT) rebate of 50% of tax payable by tax resident individuals for year of assessment 2019 (income year 2018), subject to a cap of 200 Singapore dollars (SGD).
  • Removal of the child’s age limit for Grandparent Caregiver Relief for dependent children who are handicapped and unmarried, with effect from year of assessment 2020.
  • Lapse of the Not Ordinarily Resident (NOR) scheme after year of assessment 2020.
  • Removal of the sunset clause for the tax exemption on distributions received by individuals from Singapore-listed real estate investment trusts (S-REITs) and REIT-exchange traded funds (REIT-ETFs).

Other Budget changes include the following:

  • Reduction in the goods and services tax (GST) import relief for value of goods bought overseas.

For details of the 2019 Budget proposals, refer to our 2019 Budget Commentary at