Determine the entitlement year
Contractual bonuses belong to the year specified by the contract or when future entitlement conditions are met; an advance payment and later repayment have separate adjustment rules. Non-contractual bonuses are generally taxable when paid. Director fees approved in arrears become income when approved; advance approval does not create entitlement before services are rendered. Commissions are employment income when received as an employee and trade income when self-employed.
Benefits, pension changes and declaration
Allowances, taxable benefits and employer-borne tax are employment receipts unless exempt or covered by a concession. The overseas pension contribution concession ended from YA 2025: employer contributions made from 1 January 2024 for Singapore employment are taxable on contribution under normal rules. Historical examples on the page must be read with that cutoff. AIS earnings are included by the employer; declare non-AIS earnings before CPF deduction and review every employer where there are multiple jobs. Compensation paid for breaching an employment contract is a private expense, distinct from an eligible bonus repayment adjustment.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
Read the official source ↗