Singapore: 2017 Budget announcement includes a one-time personal income tax rebate

Feb 2017

The key objectives of the 2017 Singapore Budget, announced on February 20th, are to ensure Singapore's economic vitality, bolster the capacity of Singaporean enterprises through innovation, enhance people's skillset for innovation under the government's "adapt and grow" initiative, as well as sustain a quality environment for the future.

Unlike previous years, the 2017 Singapore Budget has limited impact for globally mobile employees. The only personal tax change announced is a one-time personal income tax rebate of up to SGD$500 for individuals who were tax resident in calendar year 2016.

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