Income tax rates depend on an individual's tax residency status. You will be treated as a tax resident for a particular Year of Assessment (YA) if you are a:
Otherwise, you will be treated as a non-resident of Singapore for tax purposes.
Singapore's personal income tax rates for resident taxpayers are progressive. This means higher income earners pay a proportionately higher tax, with the current highest personal income tax rate at 20%.
Chargeable Income
Income Tax 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
For YA 2015, a Personal Tax Rebate of 50% of net tax payable, up to maximum of $1,000 was granted to tax residents.
For YA 2013, a Personal Tax Rebate of up to a maximum of $1,500 was granted to tax residents as follows:
On the first 20,000 On the next 10,000
On the first 30,000 On the next 10,000
On the first 40,000 On the next 40,000
On the first 80,000 On the next 40,000
On the first 120,000 On the next 40,000
On the first 160,000 On the next 40,000
13,950 7,200
On the first 200,000 On the next 40,000
- 19
21,150 7,600
On the first 240,000 On the next 40,000
- 19.5
28,750 7,800
On the first 280,000 On the next 40,000
36,550 8,000
On the first 320,000 In excess of 320,000
- 22
44,550
You may also use the Tax Calculator for Resident Individuals (77KB) to estimate your tax payable.
The employment income of non-residents is taxed at flat rate of 15% or the progressive resident tax rates (see table above), whichever is a higher tax amount.
Director's fees, consultation fees and all other income, are generally taxed at 20%.
The tax rates for non-resident individuals (except certain reduced final withholding tax rates) will be raised to 22% from YA 2017. This is to maintain parity between the tax rates of non-resident individuals and the top marginal tax rate of resident individuals.
Non-resident individual tax rate / withholding tax rate from YA 2017
(a)
Director's remuneration
22%
See Tax Obligations for Non-Resident Directors
(b)
Income derived from activity as a non-resident professional (consultant, trainer, coach, etc)
15% of gross income or 22% of net income
See Taxable Income of Non-Resident Professionals
(c)
10% concessionary rate (No change)
See Tax for Non-Resident Public Entertainers
(d)
See Foreigners with Property in Singapore
(e)
See Withholding Tax on SRS
Interest, royalty etc
Reduced final withholding tax rate (subject to conditions) as follows: Interest: 15% Royalty: 10%
OR
22% if reduced final withholding tax rate is not applicable.
See Withholding Tax Rates for Individuals
You may use the Tax Calculator for Non-Resident Individuals (79KB) to estimate your tax payable.
77KB, XLS
79KB, XLS