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 $200 is granted to tax residents.
For YA2017 onwards:
|Chargeable Income||Income Tax Rate (%)||Gross Tax Payable ($)|
In excess of $320,000
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 Income||Non-resident individual tax rate / withholding tax rate from YA 2017|
|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 property||22%|
|SRS withdrawal by a non-citizen SRS member||22%|
Interest, royalty etc.
|Reduced final withholding tax rate (subject to conditions) as follows:|
22% if reduced final withholding tax rate is not applicable.