What are the tax reliefs available in Singapore?
In Singapore, there are several tax reliefs available, including the Earned Income Relief, Parent Relief, and CPF Relief.
Can you explain the Earned Income Relief?
Sure! The Earned Income Relief is available to individuals who earn income from employment or business. The amount of relief depends on your age and income level.
What about the Parent Relief? How does that work?
Parent Relief is granted to taxpayers who support their parents or grandparents. The relief amount varies based on whether the parent lives with you or not.
Are there any other tax reliefs I should know about?
Yes, there are others like the Spouse Relief, Child Relief, and the NSman Relief. Each has specific eligibility criteria.
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