After 20 years, it could be time for Singapore to relook personal income tax-free threshold

FOR the last 20 years, Singapore tax residents have not needed to pay tax on the first S$20,000 of chargeable annual income.

With wages having risen considerably over that same period, not least due to inflation, perhaps this threshold should be raised too – so that a higher income level is tax-free.

Doing so would ensure that the tax burden remains appropriate for low-income earners, tax experts told The Business Times.