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Singapore Budget 2019: 50% personal income tax rebate capped at S$200

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'I have set the cap at S$200 so that the benefits go mostly to middle-income earners.'

THE Singapore government will provide a 50 per cent personal income tax rebate that is capped at S$200, for the year of assessment 2019, said Minister for Finance Heng Swee Keat on Monday.

“I have set the cap at S$200 so that the benefits go mostly to middle-income earners,” he said in his Budget speech in parliament.

For all of our Singapore Budget 2019 coverage, news, analysis, and infographics visit bt.sg/budget19

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