Singapore Tax Rates

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:

  • 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 to 2011

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
Next $320,000
-
20
42700

For YA 2012 to 2016

Chargeable Income Rate (%) Gross Tax Payable ($)
First $20,000
Next $10,000
0
2
0
200
First $30,000
Next $10,000
-
3.50
200
350
First $40,000
Next $40,000
-
7
550
2,800
First $80,000
Next $40,000
-
11.5
3,350
4,600
First $120,000
Next $40,000
-
15
7,950
6,000
First $160,000
Next $40,000
-
17
13,950
6,800
First $200,000
Next $120,000
-
18
20,750
21,600
First $320,000
Above $320,000
-
20
42,350

From YA 2017 onwards

Chargeable Income Rate (%) Gross Tax Payable ($)
First $20,000
Next $10,000
0
2
0
200
First $30,000
Next $10,000
-
3.50
200
350
First $40,000
Next $40,000
-
7
550
2,800
First $80,000
Next $40,000
-
11.5
3,350
4,600
First $120,000
Next $40,000
-
15
7,950
6,000
First $160,000
Next $40,000
-
18
13,950
7,200
First $200,000
Next $40,000
-
19
21,150
7,600
First $240,000
Next $40,000
-
19.5
28,750
7,800
First $280,000
Next $40,000
-
20
36,550
8,000
First $320,000
In excess of $320,000
-
22
44,550

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.