Source: IRAS

In Singapore, income tax rates depend on an individual’s residency status.

You are a tax-resident in Singapore if you qualify for one of the following, or both:

• a Singapore Citizen or a Singapore Permanent Residence who resides in Singapore (except for temporary absences); or
• a Foreigner who has stayed or worked in Singapore (excluding director of a company) for 183 days or more in the previous year i.e. the year before the YA

If you do not fall under either of the conditions above, you are considered as a non-tax resident in Singapore.

Personal Income Tax Rates

The table below shows the personal income tax rate for tax resident starting from YA2017. Personal income tax is taxed progressively being no tax if total annual chargeable income being less than $20,000, and highest at 22% tax rate for annual chargeable income being SGD320,000 and above.

What is a chargeable income?

Tax residents pay taxes on their chargeable income as per the resident tax rate shown on the table above. Chargeable income is an income that is subjected to taxation and it is after deducting the amount of expenses¹ donations² made and personal reliefs³ granted.

Where:

¹Expenses refer to qualified employment related expenses (e.g. qualified rental expenses, etc.)

²Donations are made to registered charitable organizations that are qualified

³It is special personal reliefs (e.g. eligible course fees, parent relief, etc.)

Filing personal income tax returns

Filing of personal income tax returns should be submitted to IRAS by 15 Apri of each year.

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