What tax reliefs are available for foreigners in Singapore?

What tax reliefs are available for foreigners in Singapore?

In Singapore, foreigners may be eligible for various tax reliefs, including the Not Ordinarily Resident (NOR) scheme and certain deductions for employment expenses. Would you like to know more about a specific relief?

Can you explain the Not Ordinarily Resident scheme?

The NOR scheme allows qualifying individuals to enjoy tax concessions on their income for a period of time. This includes a reduced tax rate on income earned in Singapore and exemptions on certain foreign income. You must meet specific criteria to qualify.

What are the criteria to qualify for the NOR scheme?

To qualify for the NOR scheme, you must be a foreigner who has been a tax resident in Singapore for at least three out of the last five years, or you must have been employed in Singapore for at least 183 days in the year before applying.

Are there any other tax deductions I should be aware of?

Yes, besides the NOR scheme, you can also claim deductions for employment-related expenses, donations to approved charities, and certain personal reliefs if you meet the criteria. Would you like details on any specific deductions?