The government allows you to deduct certain payments and expenses from your declared income, which reduces the amount of tax you must pay. Save waiting time and get quick tax answers @Ask Jamie (24/7) or Your payment plan will be cancelled instantly upon request. This means that you have to enter a One-Time Password (OTP) sent via SMS to your mobile phone or generated by your OneKey Token as a second level of authentication. Eligible individuals can use this e-Service to object to their Notice of Original Assessment for the: (PDF, 1.06MB). Tip 2: Defer Tax Payment (Covid-19 Measure) In one of the 4 Budget announcements announced in 2020, the Singapore Government has allowed a 3-month deferment for personal income tax payments. The main taxes levied by the Inland Revenue Authority of Singapore – IRAS – are the Corporate Tax, the Personal Income Tax and the Goods and Services Tax (similar to VAT). NRIC/FIN). CorpPass Step-by-Step Guide for Tax Agents (PDF, 9.62MB) here ). CorpPass Step-by-Step Guide for Companies, Frequently Asked Questions (FAQs) on CorpPass for Companies, Guide on How to Log In to myTax Portal Using CorpPass, CorpPass Step-by-Step Guide for Tax Agents, CorpPass Step-by-Step Guide for Foreign Entities. What are the individual income tax rates in 2020 according to IRAS?. Please click Singapore's personal income tax rates are known to be among the world's lowest. These reduced rates and exemptions vary among countries and specific items of income. The United States has tax treaties with a number of foreign countries. 1. Processing User Guide  Replies will be processed within four months. - (PDF, 611KB). Tax is computed for each tax year based on the income earned in the preceding year (the tax basis period). For individual taxpayers to view and submit overdue income tax returns and settle fees imposed for late/non-filing of income tax returns. Notice of Assessment are issued between end Apr to Sep each year. (PDF, 2.38 MB). 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