Compare award types
Exam awards and good-service recognition can be exempt up to S$200, with the full value taxable above it. Non-cash long-service or retirement awards have the same threshold; cash versions are taxable. Innovation awards receive a concession. A needs-based bursary open to all qualifying staff is non-taxable, but a reward for a specific employee’s services is taxable. Performance recognition and recruitment referrals are taxable even where referrals are also open to non-employees.
Aggregate within the category
Good-service exemption applies by award category: two S$150 awards in the same category total S$300 and are fully taxable, while different qualifying categories can be tested separately. Engraving the employer’s logo does not exempt a non-cash award over S$200. Where taxable, use the employer’s cost as instructed for the relevant award.
Official source
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