It’s the time of the year again. Nah… to pay our Personal Income Tax. What Exactly is Income Tax? I get that the word sounds pretty cheem but we’ve simplified it in this cheat sheet as well as listed ways which you can reduce your income tax! (Legally, of course.) Basically, you can think of Income Tax as your ‘subscription fee’ for living in Singapore. The tax that you pay allows you to enjoy common public amenities — such as roads and buildings — or benefits — like healthcare and education subsidies. Just like how we pay for our monthly Netflix subscriptions. Note: the Singapore government collects money through other forms of taxes too, like Corporate Income Tax and Goods & Service Tax (GST). Do I Need to Pay Income Tax? Wondering if you need to pay Income Tax? Generally, you’ll need to pay taxes if: You earn...