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.