This page explains how income tax work for people working in Singapore. It covers taxation of income earned from work in Singapore and highlights the significance of tax residency in determining tax rates.

Taxation of income

In Singapore, any income received from services provided or employment exercised within the country is taxable. This includes compensation received in the form of cash or non-cash benefits. Since the income is sourced in Singapore, it is subject to Singapore’s tax.

Tax amount and rates

The amount of tax and the applicable tax rates depend on your tax residency status.

Understanding tax residency

Tax residency plays an important role in determining your tax rates. Factors such as the duration and purpose of your stay in Singapore are essential in determining your tax residency status. It is important to understand the implications of tax residency to fulfill your tax responsibilities accurately.