Singapore Budget 2019 Presented to Parliament

Singapore Finance Minister Heng Swee Keat delivered the Budget for 2019 on 18 February 2019. The tax-related measures announced as part of the budget speech include:

• As part of the Bicentennial Bonus, a Personal Income Tax Rebate of 50% of tax payable will be granted to all tax resident individuals for YA 2019 (i.e. for income earned in 2018). The rebate will be capped at SGD 200 per taxpayer (currently, there is no Personal Income Tax Rebate).
• The Not Ordinarily Resident (NOR) scheme for in…