IRIN 100/2016/C/A INDIVIDUAL INCOME TAX FILING GUIDE FOR TAX RESIDENT (FORM B1) e-File now at mytax.iras.gov.sg with your SingPass/IRAS PIN. Please send in your completed form by 15 April 2016. Filing is compulsory if you have received a notification to file.
48
Embed
INDIVIDUAL INCOME TAX FILING GUIDE FOR TAX ... 100/2016/C/A INDIVIDUAL INCOME TAX FILING GUIDE FOR TAX RESIDENT (FORM B1) e-File now at mytax.iras.gov.sg with your SingPass/IRAS PIN.
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
IRIN 100/2016/C/A
INDIVIDUAL INCOME TAX
FILING GUIDE FOR TAX RESIDENT
(FORM B1)
e-File now at mytax.iras.gov.sg with your SingPass/IRAS PIN.
Please send in your completed form by 15 April 2016.
Filing is compulsory if you have received a notification to file.
15-03232 IRIN100_2016_E.indd 1 6/January/16 13:15
Contents Page
Enclosures 1Tax Changes for the Year of Assessment (YA) 2016 1How to Complete Page 2 of Form B1 1Important Notes 2Payment through GIRO 3Explanatory Notes for Items on Page 2 of Form B1 3
Section A[1] Employment 3[2] Employment Expenses 4[3] Other Income 4
(1) Trade, Business, Profession or Vocation 4(2) Rent from Property 4(3) Royalty 6(4) Charge 6(5) Estate/Trust Income 6(6) Interest 6(7)GainsorProfitsofanIncomeNatureNotIncludedUnderTheAboveCategories 6(8) Total 6(9) Income Not Previously Reported 6
Section B[5] Donations 7[6] Reliefs 7
- Earned Income Relief (EIR) 7- CPFCashTop-Up 7- Supplementary Retirement Scheme (SRS) 8- NSman Relief (for NSman, wife or parent of NSman) 8- Spouse Relief 9- Handicapped Spouse Relief 9- Child Relief 10- Parent/Handicapped Parent Relief 11- Grandparent Caregiver Relief (GCR) 12- Handicapped Brother/Sister Relief 13- Provident Fund 13- Life Insurance 14- Course Fees 14- Foreign Maid Levy (FML) 15
TransferofExcessQualifyingDeductions/RentalDeficitsbetweenSpouses 15Parenthood Tax Rebate (PTR) 16Checklist of Some Common Reliefs You Can Claim 17Working Sheet and Rates of Tax for the Year of Assessment 2016 Centre-fold
Appendix 1 – Statement of Other Types of IncomeComplete Appendix 1 only if you have any of the following types of income:(a) Trade, Business, Profession or Vocation; (b) Rent from Property; (c) Royalty;(d) Charge;(e) Estate/Trust Income;(f) Interest;(g) GainsorProfitsofanIncomeNatureNot Included Under The Above Categories; and/or(h) Income Not Previously Reported.
Appendix 2 – Change In Marital Status/New Claims/Changes In Claims For Personal Relief(s)Complete Appendix 2 only if: (a) there is a change in your marital status;(b) youareclaimingareliefforthefirsttime;and/or(c) the particulars relating to the relief claims for this year are different as compared to the
previous year.• Return Envelope
Tax Changes for the Year of Assessment (YA) 2016
From 1 January 2015 to 31 December 2015 ONLY:• Taxdeductionfordonationswillbeincreasedto3timesforqualifyingdonationsmade
from 1 January to 31 December 2015 to Institutions of a Public Character (IPC) and other approved recipients.
From 1 January 2015:• Propertyownerswhorentedout their residentialpropertiesmayopt toclaimdeemed
rental expenses (apart from mortgage interest) based on 15% of the gross rental income derived from the residential property in lieu of the actual amount of deductible expenses.
• Removalofthetransferofexcessqualifyingdeductions/rentaldeficitsbetweenspouses.For more information, please refer to the details given on the respective reliefs in this Guide.
How to Complete Page 2 of Form B1
(1) Do notleaveanyboxblank.Entera‘0’ifanitemisnotapplicabletoyou.(2) Do not complete Section B if you only have employment income and the amount is less
than $22,000.(3) Do not send in supporting documents such as receipts for insurance premiums, donations,
course fees, etc. together with your Form B1 unless you are asked to do so. All documents sent in will not be returned and may be destroyed.
(4) There are penalties for failing to furnish a tax return by the due date or furnishing an incorrecttaxreturn.Forclaimsonreliefs,pleaseensurethatyoumeetallthequalifyingconditions for claiming that relief.
Employment Income as per:Form IR8A for the year ended 31 December 2015Company A (Not participating in Auto-Inclusion Scheme)Total Employment Income as follows:Salary $ 28,500 √Bonus $ 2,100 √Others $ 1,500 √Donations e.g. CDAC $ 12 √ (3 times the amount)CPF $ 2,500 √
Form IR8A (Electronic) for the year ended 31 December 2015Company B (Participating in Auto-Inclusion Scheme)Total Employment Income as follows:Salary $ 14,975 √Bonus $ 943 √Donations e.g. CDAC $ 12 √ CPF $ 800 √
Some common reliefs you can claimReliefs How to indicate your claim on Page 2 of Form B1?
2 Child ReliefExample: You wish to claim Qualifying Child Relief foryourfirstchildandyour wife wishes to claim Qualifying Child Relief for your second child and WorkingMother’sChildRelief for both children. Note: Please complete all the boxes and indicate the amount of claim.
Yourself Claim Claim IdentificationChild Type for WMCR? TypeOrder (Q or H) (Y or N) (1, 2, 3, 4 or 5) IdentificationNumber S$
1 Q N 1 T 0 2 3 4 5 6 7 A 4 0 0 0
Your Wife Claim Claim IdentificationChild Type for WMCR? TypeOrder (Q or H) (Y or N) (1, 2, 3, 4 or 5) IdentificationNumber S$
1 Q Y 1 T 0 2 3 4 5 6 7 A 02 Q Y 1 T 1 1 2 3 4 5 6 B 4 0 0 0
3 Parent ReliefExample:You wish to claim Parent Relief and your parent is staying with you.For more information, please refer to Pages 18 and 19 of this Guide.
Identification Claim Type Type (1 to 8) (1 or 2) IdentificationNumber S$
Sign up for GIRO to enjoy fuss-free payment of your taxes in one (yearly) GIRO deduction or up to 12 interest-free monthly instalments.You can sign up for GIRO at AXS stations (DBS/POSB customers only) or via Internet Banking (UOB,OCBC,DBS/POSBcustomersonly).YoucanalsocompletetheGIROapplicationformdownloadable from www.iras.gov.sg (Quick links > Forms > Individuals > Individuals Giro application form) or use the payment slip enclosed with your tax bill (applicable to OCBC, UOB,HSBC,DBS/POSBcustomersonly)toapply.Please refer to our website at www.iras.gov.sg for more information on GIRO.
How GIRO works?If you are paying by monthly GIRO, the GIRO instalment cycle starts in May and ends in April of the following year. If you join GIRO after May, the instalment deduction will commence once your GIRO application is approved, and end in April of the following year. Once you are on our GIRO scheme, future instalment payments for your taxes will continue in May each year to April of the following year based on a provisional amount. The amount deductedwillbebasedontheinstalmentamountasperyourpreviousyear’staxes.Whenyourtaxassessmentfortheyearisfinalised,therevisedinstalmentplanwillbesenttoyoutogether with your Notice of Assessment. Should you wish to revise your monthly deduction amount or cancel the GIRO plan anytime beforeyourtaxassessmentisfinalised,pleasecalluson1800-3568300orvisitwww.iras.gov.sg. Log in at mytax.iras.gov.sg using your SingPass/IRAS PIN and click on <myTax Mail>.
When is the monthly GIRO deduction made?The GIRO deduction from your bank account will be on the 6th of each month. If the deduction is unsuccessful, we will attempt to deduct the amount again on the 20th of the same month. If the second attempt is also not successful, this amount will be deducted together with the followingmonth’s instalment.No reminderswillbesent forunsuccessfuldeductions.YourGIRO arrangement will be cancelled if the deduction is not successful for 2 consecutive months, and you will need to pay the total outstanding tax amount immediately.
Explanatory Notes for Items on Page 2 of Form B1
Section A on Page 2 of Form B1
1 Employment
Employment Income Auto-Included in the AssessmentDo not give details of your employment income as we get this information directly from your employer. Enter a ‘0’ instead.Do not give details of your NSman pay as we get this information directly from MINDEF/ Singapore Police Force/Singapore Civil Defence Force.
Employment Income NOT Auto-Included in the AssessmentPlease send in Form IR8A/S and/or Appendix 8A/8B if the following conditions are satisfied:- Your income tax is borne by your employer; and/or- You received stock option gains; and/or- You are claiming Not Ordinarily Resident (NOR) concession.Itisarequirementtokeepproperrecordsanddocumentsoftheincome,deductionsand reliefs declared in your tax return. Please retain all your records and documents foratleast5yearsforverificationpurposes.
Points To Note:• Entertheamountofsalary,bonus,director’sfeesandothertypesofemployment
income as per your Form IR8A in items 1(a), 1(b), 1(c) and 1(d) respectively on Page 2 of Form B1.
• IfyouhavenotreceivedyourFormIR8Afromyouremployerby31March2016,you can give an estimate of your earnings for 2015. However, please send us your Form IR8A when you receive it.
• Otheremploymentincomeincludespart-timeincome,allowances,benefits-in-kind,gratuities, pension (excluding Singapore Government pension) and other taxable benefitsincashorinkindsuchasstockoptiongains,etc.
2 Employment Expenses
You can claim expenses incurred for official duties which were not reimbursed byyour employer. For example, travelling expenses (other than expenses incurred on motor cars), entertainment expenses, subscriptions paid to professional bodies, zakat fitrahandmosquebuildingfund(otherthanthosedeductedthroughyoursalaryifyouremployer is in the Auto-Inclusion Scheme for Employment Income).Please attach with your tax return a schedule of the actual expenses incurred stating the nature of expense, date and amount incurred. Please retain all receipts for verificationpurposes.Estimatesarenotacceptable.Do not enter claim for Zakat Harta payment if you are an NRIC/FIN holder who has provided the information to theMajlisUgama IslamSingapura (MUIS).Theamountwill automatically be deducted against your respective income source based on informationfromMUIS.
3 Other Income
Please complete Appendix 1 if you have any of the following types of income listed in points 3(1) to 3(9) in the year 2015:
1 Trade, Business, Profession or Vocation
Profitsfromprofession/vocationrefertoincomeearnedbyself-employedpersons,e.g. doctor, insurance/property agent, remisier, private tutor, hawker, taxi-driver, contractor,etc.(Fortrade/business,pleaseindicateUniqueEntityNumber(UEN)/Partnership Tax Reference Number in the box provided).Ifyouarecarryingonatrade,business,professionorvocation,youarerequiredtomaintain for at least 5 years, a proper set of books of accounts and other records of your business to enable us to ascertain your income and allowable business expenses readily. Receipts and other documents to substantiate claims for reliefs and expenses should also be kept for at least 5 years but need not be forwarded unlesstheyarespecificallyrequiredforverification.
2 Rent from Property
Thegrossrentisinclusiveofrentaloffurnitureandfittings.Youcanclaimexpensesincurred solely to earn the rental income during the period of tenancy such as propertytax,mortgageinterest,fireinsurance,maintenance,repairs,commissionand others.Claiming Rental Expenses
For tenanted residential property onlyFrom YA 2016, you can claim rental expenses derived from a residential property in Singapore, based on either:
(a) An amount of deemed rental expenses of 15% of the gross rent (apart from mortgage interest), subject to conditions; or
(b) The amount of actual rental expenses incurred.
A residential property does not include any property that has been given approval for any non-residential use such as that of a child care centre and workers’dormitory.
If you claim rental expenses based on the deemed rental expenses
(a) We will allow 15% of the gross rent as rental expenses (apart from mortgage interest).Youarenotrequiredtokeeprecordsoftherentalexpensesincurred;
(b) You can also claim mortgage interest incurred on the loan taken to purchase the propertyrentedout,ifany.However,youarerequiredtokeepthesupportingdocumentsrelatingtothemortgageinterestforatleast5yearsforverificationpurposes;
(c) The deemed expenses option must apply consistently to all other tenanted residential properties.
The deemed expenses option is not applicable under the following circumstances:
(a) You did not incur any deductible expense (apart from mortgage interest) in respect of the rental income derived; or
(b) You derived the rental income through a partnership in Singapore; or
(c) You derived the rental income from a property held under a trust.
If you claim rental expenses based on the actual rental expenses incurred
Please retain supporting documents such as tenancy agreements, bank mortgage statements,invoicesandreceiptsforatleast5yearsforverificationpurposes.
- a property which is solely or jointly owned in 2015, please provide the details including the full amount of gross rent/expenses incurred and enter your share of the net rent in the boxes provided at item 2 in Appendix 1 of Form B1.
- more than 3 solely or jointly owned properties in 2015, please provide the relevant details in a separate statement and enter your share of the total net rent in the boxes provided at item 2 in Appendix 1 of Form B1.
- rentingoutapartofyourproperty(e.g.1room),youarerequiredtoapportionthe claimable expenses incurred based on the number of rooms rented out.
Do not claim non-deductible expenses such as penalty imposed for late payment ofproperty tax,paymentofbackyear’sproperty tax,expenses(e.g.commission,advertisingandlegalcosts)incurredtosecurethefirsttenant,costofinitialpurchaseanddepreciationoffurnitureandfittings,costsofinitialrepairsandrenovations,loanrepayment, cost of additions and alterations to property.
Rentaldeficits(i.e.excessofdeductibleexpensesincurredtorentoutthepropertyover the gross rental received from that property) cannot be offset against other sources of income.
For more information on how to compute your rental income, you can refer to our Rental Calculator at www.iras.gov.sg.
Royalty is the income received for the right to use copyrights, patents, trademarks, etc.Income from royalties is deemed to be derived from Singapore if:- the royalties are borne directly or indirectly by a person resident in Singapore
or a permanent establishment in Singapore; or- the royalties are deductible against any income accruing in or derived from
Singapore.For royalties received for any literary, dramatic, musical or artistic work or approved intellectual property or approved innovation, the taxable amount is the amount of the royalties remaining after allowable deductions or 10% of the gross amount, whichever is the less.
4 Charge
Charge includes the income received under a deed or an order of court. Alimony and maintenance payment received by a female individual from her ex-husband, whether paid voluntarily or under a Court Order/Deed of Separation is exempt from tax.
5 Estate/Trust Income
Estate/trust income includes any income distribution (estate income) received from an estate under administration or your share of entitlement of income (trust income) from a private trust or an estate held in trust. For estate income, please declare the income in the year you received it. For trust income, please declare yourshareof the income in theyearyouareentitled to it.Youarenot requiredto declare capital distribution and exempt income. More details are available at www.iras.gov.sg.
6 Interest
Do not declare interest received from any deposit with approved banks or licensed financecompaniesinSingaporeasitistax-exempt.However, you are required to declare interest income from deposits with non-approved banks or finance companies which are not licensed in Singapore,pawnshops, loans to companies and persons, etc. in Appendix 1.Please refer to the MAS website at https://masnetsvc.mas.gov.sg/FID.html for the listofapprovedbanksandlicensedfinancecompaniesinSingapore.
7 Gains or Profits of an Income Nature Not Included Under The Above Categories
Theseincludeanyincomewhichdoesnotfallwithinanyoftheotherclassificationsof income stated above. An example is the dividend received from NTUCHealthcareCo-operativeLtd(excludingNTUCFairpriceCo-operativeandNTUCIncome Insurance Co-operative Ltd which are auto-included).
8 Total (total of items 1 to 7)
Please enter the total income declared in items 1 to 7, excluding net loss from rent. You should also enter this total income value in item 3 on Page 2 of Form B1.
9 Income Not Previously Reported
If you have received income for any period from 1 January 2011 to 31 December 2014 that has not been previously reported, please state the type of income, the date on which the income was received, the period during which the income relates to and the amount of the income.Fordirector’sfees,pleasestatethedateonwhichthefeeswereapprovedatthecompany’sAnnualGeneralMeetingorExtraordinaryGeneralMeeting.
(a) For the YA 2016, a tax deduction of 3 times the value of the donation will be givenonallcashorspecifieddonationsmadetoapprovedInstitutionsofPublicCharacter (IPCs) and other approved recipients, and for cash donations made through approved grantmaking philanthropic organisations (‘grantmakers’) toIPCs. Please refer to the Charity Portal website at www.charities.gov.sg/Pages/Home.aspxtoconfirmifanorganisationisaregisteredIPC.
(b) In order to be given tax deductions on the donations, all individuals and businesses arerequiredtoprovidetheiridentificationnumber(e.g.NRIC/FIN/UEN)directlytothe IPCs when they make cash donations. IRAS will no longer accept claims for tax deduction on such donations based on donation receipts. Tax deductions for suchdonationswillautomaticallybereflectedinthetaxassessmentsofthedonorsbased on information from IPCs.
(c) If your employer is not in the Auto-Inclusion Scheme for Employment Income, enter the amount of 3 times the value of the donation (rounded up to the nearest dollar) [see point (a) above] deducted through your salary, to an approved IPC. The donation amount will be shown in the Form IR8A.
(d) Any unutilised donation can be carried forward to be offset against the income for anysubsequentyear,uptoamaximumof5years.
6 Reliefs
Reliefs Auto-Included in the Assessment
DO NOT claim the reliefs which are Auto-Included in the Assessment based on your eligibility and records from the relevant parties.
• Earned Income Relief (EIR) This relief is deducted automatically against your actual income from employment, pension, trade, business, profession or vocation, up to the maximum amounts as shown below. The amount of EIR depends on your age.If you are claiming Handicapped EIR for the first time, please complete the‘ApplicationforClaimofHandicapped-RelatedTaxReliefs’formdownloadablefrom www.iras.gov.sg.
Age EIR Handicapped EIRBelow 55 $1,000 $ 4,00055 to 59 $6,000 $10,00060 and above $8,000 $12,000
• CPF Cash Top-UpIf you are a Singapore NRIC holder and in 2015 you have topped-up, or your employer has topped-up on your behalf, in cash, your retirement account (for recipients aged 55 and above) or special account (for recipients below age 55) under the Retirement SumTopping-Up Scheme, you will get an automaticdeduction for the amount topped-up, capped at $7,000 per year. The deduction is given based on information from CPF Board. Another separate tax relief capped at $7,000 per year will automatically be given forcashtop-upsmadein2015toyourparents’,grandparents’,spouse’s,siblings’,parents-in-law’sorgrandparents-in-law’sretirementaccountsorspecialaccountsundertheRetirementSumTopping-UpScheme.
Forcashtop-upsmadein2015toyourspouse’sorsiblings’retirementaccountsorspecial accounts, each of your spouse or siblings must not have an annual income of more than $4,000 in the year 2014 (the year preceding the year of top-up) if he/she is not physically or mentally handicapped when the cash top-up is made. For this purpose, the income includes taxable income (e.g. trade, employment and rental), tax-exempt income (e.g. bank interest, dividends and pensions) and foreign-sourced income (regardless of whether it has been remitted to Singapore).
You will not get this tax relief if you transferred money from your CPF account toyourown,yourparents’,grandparents’,spouse’s,siblings’,parents-in-law’sorgrandparents-in-law’sCPFretirementaccountsorspecialaccounts.
• Supplementary Retirement Scheme (SRS)Relief for contributions to the SRS in 2015 made by you or your employer on your behalf will be allowed automatically based on information provided by the SRS operators.
The SRS contributions made by you or your employer on your behalf cannot exceed the SRS contribution cap. The current SRS contribution cap is $12,750 for Singapore citizens and Singapore permanent residents and $29,750 for foreigners.
However, if you are a foreigner or Singapore permanent resident seeking tax clearance, and wish to claim relief on your contributions made in the year of cessation/departure, you will need to send us a statement from the SRS operator for the purpose of tax clearance.
• NSman Relief (for NSman, wife or parent of NSman)NSman Relief will automatically be allowed to you based on information provided by MINDEF/Singapore Police Force/Singapore Civil Defence Force.
An additional tax relief of $2,000 will be allowed to key command and staff appointment holders (KAH) over and above what is allowed as an NSman.
Please note that only ONE of the following reliefs will automatically be allowed to you based on your eligibility:
For operationally ready NSman
Category of NSman Non-KAH KAHInactive NSman Active NSman*
$1,500$3,000
$3,500$5,000
* For those who have served National Service and are called up annually for in-camp training and other activities.
For wife of operationally ready NSman
You must be a Singapore citizen to get an automatic deduction of $750 against income taxed in your name.
For parents of operationally ready NSman
If you have children who are operationally ready NSmen, you must be a Singapore citizen to get an automatic deduction of $750 on one NSman. Only 2 parents will be allowed the relief on the same NSman, with the maximum relief for each parent capped at $750.
The parent or wife of the NSman is entitled to only one type of relief, i.e.:
(a) If an NSman has a son who is also an NSman, he will be allowed to claim the NSman Relief OR the relief as a parent of an NSman, whichever is the higher;
(b) If an individual is the wife of an NSman as well as the mother of another NSman, she will be allowed relief as a wife of an NSman OR the mother of another NSman.
Please ensure that you meet all the qualifying conditions before you enter the amount of claim in the relevant boxes on Page 2 of Form B1. Please refer to the checklist on Pages 17 - 20 of this Guide to determine your eligibility for some of the common reliefs that you can claim. Penalties may be imposed for any wrongful claim of reliefs. We will disallow your claim and withdraw the relief upon review of your assessment.
If you are claiming the Handicapped-related tax relief(s) for the first time, please complete the “Application for Claim of Handicapped-Related Tax Reliefs” form downloadable from www.iras.gov.sg.
Spouse Relief
You can claim:
(a) $2,000 if you were living with or supporting your spouse in 2015;
(b) up to $2,000 if you are legally separated from your wife and you have paid maintenance to her in the previous year under a Court Order/Deed of Separation.
A male resident individual is not allowed to claim any relief on the alimony he has paid to his ex-wife under a Court Order.
The total deduction for Spouse Relief must not exceed $2,000. You cannot claim Spouse Relief if your spouse had an annual income of more than $4,000 in 2015. For this purpose, the income includes taxable income (e.g. trade, employment and rental), tax-exempt income (e.g. bank interest, dividends and pensions) and foreign-sourced income (regardless of whether it has been remitted to Singapore).
If you have claimed this relief, no other person is allowed to claim any other relief (e.g. Parent/Handicapped Parent Relief), other than Grandparent Caregiver Relief, for your spouse.
Handicapped Spouse Relief
You can claim:
(a) $5,500 if you have supported a physically or mentally handicapped spouse in 2015;
(b) up to $5,500, if you are legally separated from your handicapped wife and you have paid maintenance to her in the previous year under a Court Order/Deed of Separation.
A male resident individual is not allowed to claim any relief on the alimony he has paid to his ex-wife under a Court Order. The total deduction for Handicapped Spouse Relief must not exceed $5,500.
If you have claimed this relief, no other person is allowed to claim any other relief (e.g. Parent/Handicapped Parent Relief), other than Grandparent Caregiver Relief, for your handicapped spouse.
Example:
If you wish to claim Handicapped Spouse Relief, please indicate the claim at item 6(a) on Page 2 of Form B1 as follows:
Spouse/Handicapped Spouse Claim TypeClaim Type: (1 or 2) S$
You can claim Qualifying Child Relief/Handicapped Child Relief if you have a child born to you and your spouse/ex-spouse, a step-child or a legally adopted child.
Qualifying Child Relief (QCR)
You can claim $4,000 for each unmarried child that you have supported, who was:
(a) under 16 years old at any time during 2015; or
(b) studying full-time at a school, college, university or other educational establishment in 2015 if the child was 16 years old and above; or
Your child must not have an annual income of more than $4,000 in 2015. For this purpose, the income includes taxable income (e.g. trade, employment, NS pay/allowances and income from internship and attachment), foreign-sourced income (regardless of whether it has been remitted to Singapore) and tax-exempt income (e.g. bank interest) but excludes scholarships and bursaries.
Handicapped Child Relief (HCR)
You can claim $7,500 if you have supported an unmarried child who was physically or mentally handicapped in 2015.
You can divide your claim amount for QCR or HCR as agreed between you and your spouse/ex-spouse.
Working Mother’s Child Relief (WMCR)
A working mother who is married, divorced or widowed can claim WMCR for her unmarried child who is a Singapore citizen as at 31 December 2015andhasfulfilledallthequalifyingconditions for the claim of QCR or HCR.
You must indicate the order for each child at item 6(b) on Page 2 of Form B1. WMCR will then be calculated automatically based on your eligibility.
Please see the table as shown for the amount of WMCR allowable for each child.
Child Order WMCR Allowable1st child 15%ofthemother’searnedincome2nd child 20%ofthemother’searnedincome3rdandsubsequentchildren 25%ofthemother’searnedincomeperchildTotal QCR/HCR + WMCR = $50,000 per child*Total WMCR is capped at 100% of the mother’s earned income
*QCR/HCR,regardlessofwhetheritisclaimedbythefatherormother,willbeallowedfirst.WMCR will be limited to the balance after the QCR/HCR claim is allowed.
You wish to claim QCR for your 6 children and your wife wishes to claim WMCR for all of them for the YA 2016.
Please enter the details at item 6(b) on Page 2 of your respective Form B1 as shown:
Yourself Claim Claim IdentificationChild Type for WMCR? TypeOrder (Q or H) (Y or N) (1,2,3,4 or 5) IdentificationNumber S$
1 Q N 1 T 0 2 3 4 5 6 7 A 4 0 0 02 Q N 1 T 1 1 2 3 4 5 6 B 4 0 0 03 Q N 1 T 1 2 3 4 5 6 7 C 4 0 0 04 Q N 1 T 1 3 3 4 5 6 7 D 4 0 0 0
N 8 0 0 0
Your Wife Claim Claim IdentificationChild Type for WMCR? TypeOrder (Q or H) (Y or N) (1,2,3,4 or 5) IdentificationNumber S$
1 Q Y 1 T 0 2 3 4 5 6 7 A 02 Q Y 1 T 1 1 2 3 4 5 6 B 03 Q Y 1 T 1 2 3 4 5 6 7 C 04 Q Y 1 T 1 3 3 4 5 6 7 D 0
Y 0
If you are claiming for the 5th and subsequent children, please provide the details on a separate sheet and enter the total claim in the 5th row of 6(b) on Page 2 of Form B1.
If you have claimed this relief, no other person is allowed to claim any other relief (e.g. Handicapped Brother/Sister Relief), for the same child.
Parent/Handicapped Parent Relief
You can claim this relief if you have supported your parents, grandparents or great-grandparentsorthoseofyourspousein2015.Youroryourspouse’sparents/grandparents/great-grandparents must:
(a) be living in Singapore in 2015; and
(b) be 55 years old or above in 2015, or physically or mentally handicapped (please provide the handicap details); and
(c) not have an annual income of more than $4,000 (for non-handicapped aged dependant) in 2015. For this purpose, the income includes taxable income (e.g. trade, employment and rental), tax-exempt income (e.g. bank interest, dividends and pensions) and foreign-sourced income (regardless of whether it has been remitted to Singapore).
If they did not live with you in the same household in Singapore, you must have incurred at least $2,000 to support each of them in 2015.
Amount of Parent/Handicapped Parent Relief allowable for each dependant:Parent Relief Handicapped Parent Relief
Dependant NOT staying with you $5,500 $10,000Dependant staying with you $9,000 $14,000
You can claim either Parent Relief or Handicapped Parent Relief but not both, for the same dependant, up to a maximum of 2 dependants.
If you have claimed this relief, no other person is allowed to claim any other reliefs (e.g. Spouse Relief), other than Grandparent Caregiver Relief, for the same dependant(s).
The amount of relief can be shared among all eligible claimants who wish to claim Parent/Handicapped Parent Relief for the same dependant(s).
The amount of relief that can be shared:
(a) If at least one of the claimants stays with the dependant, the amount of Parent/Handicapped Parent Relief to be shared is $9,000 or $14,000 respectively.
(b) If none of the claimants stays with the dependant, the amount of Parent/Handicapped Parent Relief to be shared is $5,500 or $10,000 respectively.
Claimants must agree on the basis of apportionment before claiming Parent/ Handicapped Parent Relief for the same dependant(s). Otherwise, the Comptroller of Income Tax will apportion the relief equally among all claimants.
For a checklist and examples on claiming Parent/Handicapped Parent Relief, please refer to Pages 18 and 19 of this Guide.
Grandparent Caregiver Relief (GCR)
You can claim a deduction of $3,000 against your earned income for one of your or your spouse’s/ex-spouse’sparentorgrandparent ifyouareaworking mother who is married, divorcedorwidowed.Youroryourspouse’s/ex-spouse’sparentorgrandparentmust:
(a) be living in Singapore in 2015; and
(b) be looking after any of your children* who is a citizen of Singapore and is 12 years old or younger in 2015; and
(c) not be carrying on any trade, business, profession, vocation or employment during the year 2015.
*Refers to a child who was born to you and your spouse/ex-spouse, a step-child or a legally adopted child.
You cannot claim this relief if someone else has claimed GCR for the same caregiver.
If you are claiming GCR, please indicate your claim at item 6(d) on Page 2 of Form B1. You need to complete all the boxes as shown to enable us to consider your claim for GCR.
IdentificationType (1 or 2) IdentificationNumber S$
Youcanclaim$5,500foreachdependantifyousupportedyouroryourspouse’sphysicallyormentally handicapped brothers or sisters who lived in Singapore. Your handicapped siblings or siblings-in-law for whom you are claiming relief must have lived with you in the same household in 2015. If not, you must have incurred at least $2,000 to support each of them in 2015.
You cannot claim this relief if someone else has claimed any other reliefs, (other than Grandparent Caregiver Relief), for the same sibling(s) or sibling(s)-in-law.
For the3rdandsubsequent claimofHandicappedBrother/SisterRelief, pleaseenter the total claimforthe3rdandsubsequentdependantsinthe3rdrowatitem6(e)onPage2ofForm B1.
The amount of relief can be shared among your sibling(s) or sibling(s)-in-law who wish to claim Handicapped Brother/Sister Relief for the same dependant(s).
Example:Both you and Mr D wish to claim Handicapped Brother/Sister Relief for your handicapped brotherwhofulfilledtheconditionslistedabove.YouandMrDagreedtosharethisrelief.Youdecided that you will claim $1,000, while Mr D will claim $4,500.
The total relief allowed is $5,500. Please indicate your claim at item 6(e) on Page 2 of Form B1 and complete all the boxes as shown to enable us to consider your claim for Handicapped Brother/Sister Relief.
Yourself IdentificationType (1 or 2) IdentificationNumber S$
1 S 1 2 3 4 5 6 8 B 1 0 0 0 .00
Mr D IdentificationType (1 or 2) IdentificationNumber S$
1 S 1 2 3 4 5 6 8 B 4 5 0 0 .00
Provident Fund
Compulsory Contributions to CPF/Approved Pension or Provident Fund by Singapore Citizens and Singapore Permanent Resident Employees
Such contributions must not be more than the statutory contributions under the CPF Act.
The ordinary wage ceiling for CPF contributions is $5,000 per month. The total ordinary wages (OW) ceiling will be capped at $60,000 (i.e. 12 months × $5,000) per year and the overall income cap on compulsory CPF contributions is $85,000 (i.e. 17 months × $5,000). Additionalwageswillbecappedatanamountequaltothedifferencebetween$85,000andthe amount of OW.
The CPF contributions of employees seconded or posted overseas are considered as voluntary contributions and are not claimable.
Do not claim this relief if any of your employment income is auto-included as we get this information directly from your employer.
If you are a self-employed person (Singapore citizen or Singapore permanent resident), you arerequiredtomakecompulsoryMedisavecontributionifyouearnedanettradeincomeofmore than $6,000 in 2015.
For more details on the Medisave contribution rates, please refer to the CPF Board website at mycpf.cpf.gov.sg.
The total tax relief for compulsory and voluntary CPF contributions will be capped at $31,450.
This relief will automatically be included based on the contribution records transmitted by CPF Board.
Voluntary contribution to one’s own Medisave Account
If you were a Singapore citizen or Singapore permanent resident in 2015, you can claim your voluntary cash contribution within the annual CPF contribution cap of $31,450 (i.e. 17 months x$5,000x37%)andwithinthebasichealthcaresum,thatisspecificallydirectedbyyoutobepaid to your own Medisave Account. Such voluntary contribution must not have been claimed by you as a self-employed person.
Life Insurance
You can claim the insurance premiums that you have paid for insurance policies on your life oryourwife’slife.Premiumspaidforinsurancepolicyonyourchild’slifearenotallowed.Theamount of relief you can claim must not be more than 7% of the insured value of your life or yourwife’slife.
(a) For your insurance policy bought from 10 August 1973 onwards, your insurance company musthaveanofficeorbranchinSingapore.
(b) If your combined CPF contributions as an employee and as a self-employed person were more than $5,000, you cannot claim life insurance premiums.
(c) If your combined CPF contributions as an employee and as a self-employed person and your voluntary contribution to your Medisave account were less than $5,000, you can combine your claims as an employee, as a self-employed person and your life insurance relief up to $5,000.
Course Fees
You can claim the actual course fees incurred, up to a maximum of $5,500 if you have:
(a) studied any course or attended any seminar/conference leading to an approved academic,professionalorvocationalqualificationin2015;or
(b) studied any course or attended any seminar/conference relating to your current trade, business, profession, vocation or employment in 2015; or
(c) commenced a new trade, business, profession, vocation or employment in 2015 which is related to any course, seminar/conference that you have completed between 1 January 2013 to 31 December 2014.
This relief does not apply to polytechnic/university graduates for their polytechnic/university course fees if they have never exercised any employment or carried on any trade, business, profession or vocation before. Vacation jobs or internships are not considered employment for the purpose of this relief.
Deferring the claim for course fees incurred on the courses, seminars and conferences specified in (a) on Page 14.
If you are unable to claim the relief because your assessable income does not exceed $22,000 and you have completed such courses, seminars and conferences on or after 1 January 2015, you will be allowed to claim the relief:
(a) inthefirstsubsequentYAinwhichyourassessableincomeexceeds$22,000;or(b) within 2 YAs from the YA relating to the year in which such courses, seminars or
conferences are completed, whichever is the earlier YA.
Allowable course fees include registration fees or enrolment fees, examination fees, tuition fees and aptitude test fees (for computer courses). You cannot claim living expenses, expenses for textbooks or travelling expenses.
For more information on Course Fees Relief, please refer to www.iras.gov.sg.
Foreign Maid Levy (FML)
You can claim twice the amount of FML paid for one maid in 2015 against your earned income(fordefinitionofearnedincome,pleaserefertotheexplanationgivenonPage7ofthis Guide) and if you are:(a) a married woman who lived with your husband in 2015; or(b) a married woman and your husband was not resident in Singapore in 2015; or(c) separated from your husband, divorced or widowed and in 2015, had children who lived
with you and for whom you could claim child relief.
You can claim the lower of:(a) twicetheamountofFMLpaid,upto$1,920(ifyouqualifyfortheconcessionarylevyof
$60 per month with effect from 1 May 2015) or $6,360; or(b) the amount of your earned income.
It does not matter whether the levy was paid by you or your husband.
Transfer of Excess Qualifying Deductions/Rental Deficits between Spouses
Transitional Arrangement (Effective YA 2016)The qualifying deductions incurred bymarried couple in and before the YA 2015 will beallowed for transfer between spouses up to the YA 2017, subject to existing transfer rules.
Any unabsorbed capital allowance or trade losses can be carried forward to offset against yourincomeinsubsequentyears,untiltheallowanceorlosseshasbeenfullyutilised,subjecttocertainconditions.YoucanalsocarryforwardtheunutiliseddonationstosubsequentYAsuptoamaximumof5years.Rentaldeficitscannotbecarriedforwardtofutureyears.
Any qualifying deductions should first be set off against the assessable income of thetaxpayer whose activities gave rise to the deductions. Any excess can then be transferred to the spouse in the order of capital allowance, trade losses followed by donations. The transferee must have assessable income available before the transfer can be allowed. The amount available for transfer is restricted to the assessable income of the transferee.
Wherebothspouseshaverental income,theycantransfertherentaldeficittoeachother.The amount of transfer is strictly limited to the net amount of the available rental income of thetransferee.Rentaldeficitof thetransferorcanonlybetransferredif thetransfereehaspositiverentalincome.Theamountofrentaldeficittransferredcannotbeoffsetagainstanyother income of the transferee.
Formoreinformationonthetransferofexcessqualifyingdeductions/rentaldeficitsbetweenspouses, please refer to www.iras.gov.sg.
Parenthood Tax Rebate (PTR)
You can claim PTR if you are a married, divorced or widowed tax resident of Singapore who has:
(a) a child born to you and your spouse/ex-spouse in 2015; or(b) a child legally adopted in 2015 but before he/she reached 6 years of age; or(c) a child born to you and your spouse/ex-spouse before you were married to your spouse/
ex-spouse and your marriage was registered before your child reached 6 years of age.
The child:(a) must be a Singapore citizen at the time of birth or within 12 months thereafter; or (b) must be a Singapore citizen at the time of legal adoption or within 12 months thereafter;
or(c) must be a Singapore citizen at the time of the marriage of his/her parents or within
12 months thereafter.
The order of your children is determined based on the date of birth, date of legal adoption or date of marriage of parents, as the case may be (see (a) to (c) above), for all your children inthesamehouseholdregardlessofwhetherthechildisaqualifyingchildforthepurposeof PTR.
Any sibling who is deceased shall be taken into account in determining the number of siblings a child has at the time of his/her birth, adoption or marriage of his/her parents, as the case may be.
The amount of rebate is as follows:
Child Order PTR Allowable1st child $ 5,0002nd child $10,0003rdandsubsequentchildren $20,000 per child
ThePTRcanbeoffsetagainsteitherorbothyourandyourspouse’sincometax.Iftheincometax payable for that YA is less than the rebate, any unutilised rebate will automatically be used tooffsetagainsttheincometaxpayableforthesubsequentyearsuntiltherebatehasbeenfully utilised.
If you are claiming PTR for the first time, please complete item 7 in Appendix 2 of Form B1 and send in a photocopy of the following documents:
(a) legal adoption papers in the case of an adopted child; and/or (b) marriage certificate for marriage registered outside Singapore.
Ifyourqualifyingchild isgivenupforadoptiontoanotherfamily,youandyourspousewillforfeit the remaining PTR balance given for this child from the YA following the year the child is given up for adoption.
Divorcees are allowed to continue to utilise their PTR balances after their divorce. If the divorcee has remarried, he/she will not be allowed to share his/her PTR balances for a child from a previous marriage with his/her new spouse.
This list is to help you determine if you are eligible for the relief(s). If you are claiming relief(s) for the first time, and/or the particulars relating to the relief claims for this year are different as compared to the previous year, please provide the relevant information in Appendix 2.
1 Qualifying Child Relief (QCR) Yes No
(a) Child was born to you and your spouse/ex-spouse, a step-child or a legally adopted child
(b) Child was unmarried and supported by you in 2015
(c) Child was under 16 years old, or if 16 years old and above and studied full-time in 2015
(e) not in receipt of an annual income of more than $4,000 in 2015 per non-handicapped dependant
You can refer to the checklist below to check the amount of Parent/Handicapped Parent Relief you can claim (denotes‘Yes’;denotes‘No’).If the scenario is not found in the checklist below, you are not eligible to claim for Parent/Handicapped Parent Relief.
Claim TypeConditions listed above Amount of
relief allowable(a) (b) (c) (d) (e)
Not Sharing with Other Claimant(s)
1. Parent staying with you $9,000
2. Parent not staying with you $5,500
3. Handicapped parent staying with you
NotApplicable
$14,000
4. Handicapped parent not staying with you $10,000
Claim TypeConditions listed above Total amount of
relief allowable to you and other
claimant(s)(a) (b) (c) (d) (e)
Sharing with Other Claimant(s)
5. Parent staying with at least one of the claimants $9,000
6. Parent not staying with any of the claimants $5,500
7. Handicapped parent staying with at least one of the claimants
NotApplicable
$14,000
8. Handicapped parent not staying with any of the claimants $10,000
How to Claim Parent/Handicapped Parent ReliefExample for Claim Type 1 - Parent staying with you and not sharing relief with other claimant(s)You wish to claim Parent Relief for your parent who is staying with you. Please indicate your claim at item 6(c) on Page 2 of Form B1 and complete all the boxes as shown to enable us to consider your claim for Parent Relief.
Yourself ClaimType IdentificationType (1 to 8) (1 or 2) IdentificationNumber S$
1 1 S 1 2 3 4 5 6 8 A 9 0 0 0 .00
Example for Claim Type 5 - Parent staying with at least one of the claimants and sharing relief with other claimant(s)Both you andMrBwish to claimParentRelief for your dependant,MrX,who has satisfied the 4conditions listed in points 4(a), 4(b), 4(d) and 4(e) on Page 18. You and Mr B agreed to share this relief. Mr X is staying with Mr B. You decided that you will claim $6,000, while Mr B will claim $3,000.As Mr X is staying with Mr B, the total amount of relief allowable is $9,000. Please indicate your claim at item 6(c) on Page 2 of Form B1 and complete all the boxes as shown to enable us to consider your claim for Parent Relief.
Yourself ClaimType IdentificationType (1 to 8) (1 or 2) IdentificationNumber S$
5 1 S 1 2 3 4 5 6 8 A 6 0 0 0 .00
Mr B ClaimType IdentificationType (1 to 8) (1 or 2) IdentificationNumber S$
5 1 S 1 2 3 4 5 6 8 A 3 0 0 0 .00
Example for Claim Type 8 - Handicapped Parent not staying with any of the claimants and sharing relief with other claimant(s)BothyouandMrBwishtoclaimHandicappedParentReliefforyourdependant,MrX,whohassatisfiedthe 3 conditions listed in points 4(a), 4(b) and 4(c) on Page 18 . You and Mr B agreed to share this relief. You and Mr B do not stay with Mr X. You decided that you will claim $9,500, while Mr B will claim $500.As Mr X is neither staying with you nor Mr B, the total amount of relief allowable is $10,000. Please indicate your claim at item 6(c) on Page 2 of Form B1 and complete all the boxes as shown to enable us to consider your claim for Handicapped Parent Relief.
Yourself ClaimType IdentificationType (1 to 8) (1 or 2) IdentificationNumber S$
8 1 S 1 2 3 4 5 6 8 A 9 5 0 0 .00
Mr B ClaimType IdentificationType (1 to 8) (1 or 2) IdentificationNumber S$
You are a married/divorced/widowed working mother who engaged the help of your or yourspouse’s/ex-spouse’sparentorgrandparenttolookafteryourchildand:
(a) your parent/parent-in-law/grandparent/grandparent-in-law was living in Singapore in 2015
(b)your parent/parent-in-law/grandparent/grandparent-in-law was not carrying on any trade, business, profession, vocation or employment in 2015
(c) your child who was being looked after, is a citizen of Singapore who is 12 years old or younger in 2015
(d) your child was born to you and your spouse/ex-spouse, a step-child or a legally adopted child
(e) no other person is claiming the GCR for the same parent/parent-in-law/grandparent/grandparent-in-law
You can claim GCR of $3,000 against your earned income for one of your parents, grandparents,parents-in-laworgrandparents-in-lawonly if youhave ticked ‘Yes’ forallofthe above.
Thisinformationaimstoprovideabettergeneralunderstandingoftaxpayers’taxobligationsand is not intended to comprehensively address all possible tax issues that may arise.
The information is correct as at 1 January 2016. While every effort has been made to ensure that this information is consistent with existing law and practice, should there be any changes, IRAS reserves the right to vary our position accordingly.
Helpline operating hours:Mondays to Fridays: 8am to 5pm In line with our efforts to continuously improve our helpline services, conversations over the helplinewillberecordedforourqualitymonitoringandcoachingpurposes.
Tax Payable on Chargeable Income征税入息应缴之税额Less: Tax credit 减:税额抵消 Other reliefs 其他扣除Tax Payable/Repayable before rebate 回扣前应缴税额/应退还税额Less: Parenthood Tax Rebate 减:家长税务回扣 Tax Deducted from Interest 从利息直接扣除之税额
NET TAX PAYABLE/REPAYABLE应缴净税额/应退还税额
S$
Rates of Tax for the Year of Assessment 2016 / 2016 估税年税率表Your chargeable income is the amount remaining after deducting from your assessable income the personal reliefs to which you are entitled. If you are a resident in Singapore, the rates of tax chargeable are as follows:您的征税入息是在扣除了您应得的个人扣除数额后的入息,新加坡居民的个人所得税率如下:
Chargeable Income征税入息
Rate税率
Gross Tax Payable应缴税额
Chargeable Income征税入息
Rate税率
Gross Tax Payable应缴税额
$ (%) $ $ (%) $On the first 首 20,000 0 0 On the first 首 120,000 7,950On the next 次 10,000 2 200 On the next 次 40,000 15 6,000On the first 首 30,000 200 On the first 首 160,000 13,950On the next 次 10,000 3.5 350 On the next 次 40,000 17 6,800On the first 首 40,000 550 On the first 首 200,000 20,750On the next 次 40,000 7 2,800 On the next 次 120,000 18 21,600On the first 首 80,000 3,350 On the first 首 320,000 42,350On the next 次 40,000 11.5 4,600 Above 超过 320,000 20