Personal Tax

Individual Tax Rates

Income tax rates depend on the individual's tax residency status. You will be treated as a tax resident if you are a Singapore Citizen/PR who resides in Singapore except for temporary absences or you are a foreigner who has stayed/worked in Singapore (excluding company directors) for 183 days or more before the YA.

Resident Tax Rates

For YA 2017, a personal tax rebate of 20% tax payable capped at a maximum of $500 is granted to tax residents.

For YA2019, a personal tax rebate of 50% tax payable capped at a maximum of $200 is granted to tax residents.

For YA2017 onwards:

Chargeable IncomeIncome Tax Rate (%)Gross Tax Payable ($)
First $20,000
Next $10,000
0
2
0
200
First $30,000
Next $10,000
-
3.50
200
350
First $40,000
Next $40,000
-
7
550
2,800
First $80,000
Next $40,000
-
11.5
3,350
4,600
First $120,000
Next $40,000
-
15
7,950
6,000
First $160,000
Next $40,000
-
18
13,950
7,200
First $200,000
Next $40,000
-
19
21,150
7,600
First $240,000
Next $40,000
-
19.5
28,750
7,800
First $280,000
Next $40,000
-
20
36,550
8,000
First $320,000
In excess of $320,000
-
22
44,550

For resident tax rates from YA2014 to YA2016, please click here for more information.

Non-Resident Tax Rate

Tax On Employment Income

The employment income is taxed at the flat rate 15% or the progressive tax rates of residents, whichever is the higher tax amount.

Taxes on Director's Fee, Consultation Fees and All Other Income

From YA 2017, the tax rates for non-resident individuals (except certain reduced final withholding tax rates) has been raised from 20% to 22%. A summary of tax rates on other income is as shown below:

 

Type of IncomeNon-resident individual tax rate / withholding tax rate from YA 2017
Director's remuneration22%
Income derived from activity as a non-resident professional (consultant, trainer, coach, etc.)15% of gross income or 22% of net income
Income derived from activity as a non-resident public entertainer (artiste, musician, sportsman, etc.)10% concessionary rate
Other income e.g. rental income derived from a Singapore property22%
SRS withdrawal by a non-citizen SRS member22%

Interest, royalty etc.
Reduced final withholding tax rate (subject to conditions) as follows:
Interest: 15%
Royalty: 10%

OR

22% if reduced final withholding tax rate is not applicable.
Pension22%