You need to pay income tax on all income you have earned / received in Singapore. More information on Income Tax Rates.
Overseas income which was received in Singapore (including those paid into a Singapore bank account) on or after 1 Jan 2004 is not taxable. This does not apply to overseas income received in Singapore through partnerships in Singapore.
Income tax is assessed based on a preceding year basis. For example, for Year of Assessment (YA) 2012, you will be taxed on the income earned in year 2011.
Find out more from the following pages:
- Working in Singapore
- Doing business in Singapore (sole-proprietor, partner, freelancer, taxi driver, hawker, commission agent...)
- Having investments in Singapore (property, shares, unit trusts, fixed deposits...)
- Working outside Singapore
- Not working (retirees, housewives, students, NSmen...)