The much anticipated Singapore Budget of 2019 was conducted yesterday by our Singapore Finance Minister Heng Swee Keat, which was widely followed amongst Singaporeans and Resident Individuals.
I noted some of the changes related to some of the tax concessions which I am interested in:
1.) Personal Income Tax Rebate For YA 2019
As part of the Bicentennial Bonus, the government has given a personal income tax rebate of 50% (capped at $200) for all tax resident individuals for the Year of Assessment (YA) 2019 (income year 2018).
This means that if you have a tax payable of $300, then you will be entitled for a 50% x $300 = $150 rebate. Thus, your net tax
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