Income tax rates depend on an individual's tax residency status. Find out the income tax rate that is applicable to you.

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:

1. Singapore Citizen or Singapore Permanent Resident who resides in Singapore except for temporary absences; or

2. Foreigner who has stayed/worked in Singapore:

a. For at least 183 days in the previous calendar year; or

b. Continuously for 3 consecutive years, even if the period of stay in Singapore may be less than 183 days in the first year and/or third year; or

3. Foreigner who has worked in Singapore for a continuous period straddling 2 calendar years and the total period of stay is at least 183 days*. This applies to employees who entered Singapore but excludes directors of a company, public entertainers, or professionals. 

*including your physical presence immediately before and after your employment

If you do not meet the conditions stated above, 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 22%.
New! To achieve greater progressivity, the top marginal personal income tax rate will be increased with effect from YA 2024. Chargeable income in excess of $500,000 up to $1 million will be taxed at 23%, while that in excess of $1 million will be taxed at 24%; both up from the current rate of 22%.


Resident tax rates

From YA 2024 onwards

Chargeable IncomeIncome 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
-
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
Next $180,000
-
22
44,550
39,600
First $500,000
Next $500,000
-
23
84,150
115,000
First $1,000,000
In excess of $1,000,000
-
24
199,150


From YA 2017 to YA 2023

Chargeable IncomeIncome 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
-
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

Personal tax rebate

YA 2019

For YA 2019, a Personal Tax Rebate of 50% of tax payable, up to maximum of $200 was granted to tax residents.

YA 2017

For YA 2017, a Personal Tax Rebate of 20% of tax payable, up to maximum of $500 was granted to tax residents.

For YA 2014 to YA 2016

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
In excess of $320,000
-
20
42,350

Personal tax rebate

For YA 2015, a Personal Tax Rebate of 50% of tax payable, up to maximum of $1,000 was granted to tax residents.

Please refer to How to Calculate Your Tax for more details.

You may also use the Tax Calculator for Resident Individuals (XLS, 96KB) to estimate your tax payable.

Non-resident tax rates

Taxes on employment income

Employment income of non-residents is taxed at the flat rate of 15% or the progressive resident tax rates (see table above), whichever is the higher tax amount.

Taxes on director's fee, consultation fees and all other income

The tax rate for non-resident individuals is currently at 22%. It applies to all income including rental income from properties, pension and director's fees, except employment income and certain income taxable at reduced withholding rates (please see Withholding taxes on income of non-resident individuals below). 

New!From YA 2024, the income tax rate for non-resident individuals (except on employment income and certain income taxable at reduced withholding rates) will be raised from 22% to 24%. This is to maintain parity between the income tax rate of non-resident individuals and the top marginal income tax rate of resident individuals.

Withholding taxes on income of non-resident individuals^

Certain income of non-resident individuals is subject to withholding tax when they are due and receivable. The withholding tax rate applicable is dependent on the type of income derived and the YA involved.


Type of incomeWithholding tax rateWithholding tax rate
 From YA 2017 to YA 2023From YA 2024 onwards
1. Remuneration including director's fees received by non-resident directors

22%

See Tax Obligations for Non-Resident Directors

24%

 


2. Income received by non-resident professionals (e.g. consultants, trainers and coaches) for services performed in Singapore

15% of gross income or 22% of net income

See Taxable Income of Non-Resident Professionals

15% of gross income or 24% of net income

 


3. Income received by non-resident public entertainers for services performed in Singapore 

10% concessionary rate up to 31 Mar 2022; 15% concessionary rate from 1 Apr 2022

See Tax for Non-Resident Public Entertainers


15% concessionary rate

 


4. SRS withdrawals received by non-Singapore SRS account holders* 

22%

See Withholding Tax on SRS


24%

 

 

5. Interest, commission, fee or other payment in connection with any loan or indebtedness**15% reduced final withholding tax rate (subject to conditions) or 22% if reduced withholding tax rate is not applicable

15% reduced final withholding tax rate (subject to conditions) or 24% if reduced withholding tax rate is not applicable

6. Royalty or other lump sum payments for the use of movable properties**10% reduced final withholding tax rate (subject to conditions) or 22% if reduced withholding tax rate is not applicable

10% reduced final withholding tax rate (subject to conditions) or 24% if reduced withholding tax rate is not applicable

 

^The same withholding tax rates also apply to the income derived by a Hindu Joint Family that is registered outside Singapore.

*With effect from 1 Jul 2014, the concessionary withholding tax rate of 15% will apply if the following conditions are met:

i. Cumulative amount withdrawn by the SRS account holder in the calendar year does not exceed $200,000; and 

ii. The SRS account holder does not have any other income besides the SRS withdrawal(s) during the calendar year when the withdrawal(s) are made.  

To enjoy this concession, the SRS account holder must declare that he fulfils the two conditions above using the Form IR37B(1). The Form IR37B91) is obtainable from the SRS operator.

**The reduced withholding tax rate applies if the income is not derived from any trade, business, profession or vocation carried on or exercised by the non-resident individual in Singapore. If the income is derived from any trade, business, profession or vocation carried on or exercised by the non-resident individual in Singapore, then the withholding tax rate is 22% for YA 2017 to YA 2023 or 24% from YA 2024.

You may use the Tax Calculator for Non-Resident Individuals (XLS, 91KB) to estimate your tax payable.