2024 03 31 – TAX SEASON 2024 – ALL YOU NEED TO KNOW

Executive Summary:

The Inland Revenue Authority of Singapore (IRAS) provided key information about the 2024 tax season, including important dates for filing personal income tax returns. Taxpayers are encouraged to file their returns on time and take advantage of available reliefs and rebates for the 2024 tax year. IRAS promotes the use of its online e-filing platform, making the filing process more efficient and user-friendly. Updates to tax regulations for 2024 are highlighted, ensuring individuals are aware of any changes that might affect their returns.

Various tax reliefs and rebates are available for individuals, including those related to supporting parents, elderly dependents, and individuals with disabilities. Taxpayers are urged to review their eligibility for these benefits before submitting their tax returns to maximize their savings. IRAS offers assistance through online resources and customer service to help taxpayers navigate the filing process. The overall goal is to make tax filing as easy and beneficial as possible for individuals.