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At his speech outlining Singapore's Budget for 2010, Finance Minister announced new tax reliefs for Singaporeans.
- Increase in parent relief, as well as an enhancement of the relief for taxpayers who are taking care of handicapped parents and grandparents.
- Expansion of wife relief to spouse relief. Wives who are taxpayers can claim a a spouse relief of $2,000, similar to the current scheme for husbands. This will help families where the wife is the breadwinner.
- Enhancing dependant reliefs.The income threshold for dependant-related reliefs will be increased from $2,000 to $4,000. his increase recognises taxpayers' efforts in supporting family members who are genuinely dependant, while giving them the flexibility to do some incidental work.
- Increased course fee relief. This will be increased from $3,500 to $5,500 with effect from Year of Assessment 2011.
- Support for charitable giving. The 250% tax deduction for donations to Institutions of Public Character (IPCs) and other approved institutions will be extended for an additional year.
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