SG Budget 2017: Personal income tax rebate of 20% of tax payable, capped at S$500 for YA2017

A personal income tax rebate of 20 per cent of tax payable, capped at S$500, will be given to Singapore residents for the year of assessment 2017.

In his Singapore Government's Budget Statement for financial year 2017 in Parliament on Monday, Minister of Finance Heng Swee Keat said this would cut the tax bills for households this year.

The rebate will cost the Goverment S$385 million.