Singapore Tax Rates

Individual Income Tax (Personal Income Tax) – Foreigners

If you work in Singapore and you are in Singapore for less than 183days

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:

  • Singaporean; or
  • Singapore Permanent Resident (SPR) if you have established your permanent home in Singapore; or
  • 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 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%.

 

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
3505
50
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
Next $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.