Parenthood tax rebate Singapore: A guide

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How much do you know about the parenthood tax rebate?

Parenthood Tax Rebate  is a lump sum rebate given to married Singapore tax payers to encourage them to have more Singapore citizen children by providing them with financial support for bringing up their children.

It can be used to offset income tax that is payable. It may be shared with your spouse based on the apportionment agreed by both parties.

The unutilised parenthood tax rebate will be carried forward to offset future income tax payable, until it is fully utilised.

How much you can claim

There are some clauses to if you are legible for the tax rebate, but in general you can claim the following:

Child order PTR
(YA 2008 and before)
PTR
(YA 2009)
1st $0 New! $5,000
2nd $10,000 $10,000
3rd $20,000 $20,000
4th $20,000 $20,000
5th and beyond $0 New! $20,000 per child

How to claim your parenthood tax rebate

You can find out more about this at http://www.iras.gov.sg/irasHome/page04.aspx?id=1528