Daddy D
Alpha Male
Only realised there's such a rebate when filing my income tax.... only for those Year 2008 kids and beyond?? TMD....
Parenthood tax rebate
'Parenthood Tax Rebate' (PTR) is a lump sum rebate given to married Singapore tax residents to encourage them to have more Singapore citizen children by providing them with financial support for bringing up their children.
Features
Parenthood tax rebate
'Parenthood Tax Rebate' (PTR) is a lump sum rebate given to married Singapore tax residents to encourage them to have more Singapore citizen children by providing them with financial support for bringing up their children.
Features
- PTR can be used to offset your income tax payable
- PTR may be shared with your spouse based on the apportionment agreed by both parties
- Unutilised PTR will be carried forward to offset future income tax payable, until it is fully utilised.
- From YA 2009 onwards, the PTR has been extended to include 1st child, 5th child and subsequent children.
Child orderPTR1st
(YA 2008 and before)
PTR
(From YA 2009 onwards)$02nd
$5,000$10,0003rd
$10,000$20,0004th
$20,000$20,0005th and beyond
$20,000$0PTR may be shared with your spouse based on the apportionment agreed by both parties.
$20,000 per child