Personal Finance
7 Ways to Legally Reduce Income Tax in Singapore (2021)
By ValueChampion  •  April 19, 2021
Key Highlights Investing in yourself by completing work-related classes is a great way to upskill (and you may be eligible to claim the cost of some courses) Donating money to a charity in Singapore is a win-win that lets you earn upto 250% in tax deduction Keeping all your receipts and related documents in one place can make tax filing easier Who doesn’t want to reduce their personal income tax in Singapore? However, many people also think that this is impossible or not quite legal. But that couldn’t be further from the truth. Singapore has a variety of different tax relief initiatives you can leverage to save money. We have put together a list of 7 different ways you can reduce your income tax. Take a look below to find out more and see what could work for you. How it works Singapore’s income...
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By ValueChampion
We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?
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