Taxable and Non-Taxable Income

All income earned in or derived from Singapore is chargeable to income tax.

Generally, overseas income received in Singapore on or after 1 Jan 2004 is not taxable, except in some circumstances. Please refer  to Overseas Income Received in Singapore for more details.

Income earned may come from different sources such as:

  • Employment
  • Trade, Business, Profession or Vocation
  • Property or Investments
  • Other Sources (e.g. annuities, royalties, winnings or estate or trust income)

To learn more, select the relevant link to find out what is taxable and what is not.

Income from Employment

Income from Trade, Business, Profession or Vocation 

Income Received in the Form of Government Grants:

These Government grants are taxable in the Year of Assessment when the payouts are received. Only PIC Bonus and Wage Credit Payout will be auto-included in the tax return for self-employed taxpayers.

Income from Property or Investments

Other Sources of Income

  • Are “love gifts” received by religious leaders taxable?

    Generally, cash gifts received by an employee or a self-employed individual are considered part of his income if the gifts accrue to him by virtue of his office or for services rendered.

    In this respect, if a person is exercising an employment or carrying out a vocation as a religious practitioner and receives cash gifts from the members of congregation or devotees, the gifts constitute income received by him for services rendered and are taxable.

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