SINGAPORE: About 15,000 taxpayers, comprising NSmen as well as eligible parents and spouses, have been affected by incorrect NSman tax relief amounts.
The incorrect tax relief amounts were across the tax years of assessment 2025 and 2026, the Ministry of Defence (MINDEF) and Inland Revenue Authority of Singapore (IRAS) said on Thursday (Sep 3).
Of the 15,000 affected taxpayers, about 7,000 will see an increase in their tax bill while around 8,000 will see a decrease.
In total, about S$930,000 (US$732,500) will be recovered and about S$995,000 will be refunded.
“The vast majority of affected taxpayers will see either an upward or downward adjustment of less than S$200.
“Depending on an individual’s relief entitlement and income tax bracket, the upward or downward adjustment may range from under S$10 to about S$900,” said MINDEF and IRAS.
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