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Individual Income Tax (Personal Income Tax) - Locals
If you work in Singapore and you are in Singapore for 183days or more
Different tax rates apply for tax residents and non-residents. You will be treated as a tax resident for a particular Year of Assessment (YA) if you are a:
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Singaporean; or
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Singapore Permanent Resident (SPR) if you have established your permanent home in Singapore; or
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Foreigner who stayed/worked in Singapore for 183 days or more in previous year (excludes director of a company).
Otherwise, you will be treated as a non-resident for a particular YA for Singapore tax purposes.
Tax rates for resident individuals
For YA 2007 onwards
|
Chargeable Income |
Rate (%) |
Gross Tax Payable ($) |
|
First $20,000
Next $10,000 |
0
3.50 |
0
350 |
|
First $30,000
Next $10,000 |
-
5.50 |
350
550 |
|
First $40,000
Next $40,000 |
-
8.50 |
900
3400 |
|
First $80,000
Next $80,000 |
-
14 |
4300
11200 |
|
First $160,000
Next $160,000 |
-
17 |
15500
27200 |
|
First $320,000
Above $320,000 |
-
20 |
42700 |
For YA 2008, a personal income tax rebate of 20%, up to a maximum of $2,000 is granted.
For YA 2009, a personal income tax rebate of 20%, up to a maximum of $2,000 is granted.
Tax rates for non-resident individuals
Employment income
Your employment income is taxed at 15% or resident rate, whichever gives rise to a higher tax amount.
Director`s fees, consultation fees & all other income
The director`s fees, consultation fees and all other income that you received will be taxed at 20% from YA 2005 onwards.
For YA 2003 and YA 2004, director`s fees, consultation fees and all other income are taxed at 22%.
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