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Saturday, April 2, 2011

Comparison between Malaysia Income Tax and Singapore Income Tax 3 --- Tax Rebate

Now is on Tax Rebate, for Malaysia, it is only for tax payer with taxable income of RM35,000 or less. In Singapore it is applied to the whole taxable income spectrum with a cap. 


The amount of rebate also is more in Singapore. But please note that this may be only applicable to year 2011 assessment as the Singapore government recognized that the financial crisis affects a lot of the tax payer in 2010, thus, granting this tax rabate to ease a bit of our pain...thumbup.gif

On Zakat is almost similar...(I didn't really check much on this, please verify yourself)

There is another evident that Singapore governement is really embarked on the increase population policy...by giving tax rebate (I think is for every year...tongue.gif) for children that we have.

(to be continued...)

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