Singapore Personal Income Tax Rates

Singapore Personal Income Tax Rates

Singapore Personal Income Tax (Residents and Non-Residents)

There are different tax rates for Tax Residents and Non-Residents.

You will be treated as a tax resident for a particular Year of Assessment (YA) if you are a:

  • Singapore Citizen; or

  • Singapore Permanent Resident (SPR); or

  • Foreigner who stayed/worked in Singapore for 183 days or more in previous year (excludes director of a company).

  • Otherwise, you will be treated as a non-resident of Singapore for tax purposes.

Please refer to the Tax Rate tables below to estimate your income tax.

Tax Rates for Resident Individuals

From YA 2012 onwards

Chargeable Income

Rate (%)

Gross Tax Payable ($)

 

 

 

First $20,000

0

0

Next $10,000

2

200

 

 

 

First $30,000

-

200

Next $10,000 -

3.50

350

 

 

 

First $40,000

-

550

Next $40,000 -

7

2 800

 

 

 

First $80,000

-

3 350

Next $40,000 -

11.5

4 600

 

 

 

First $120,000

-

7 950

Next $ 40,000 -

15

6 000

 

 

 

First $160,000

-

13 950

Next $ 40,000 -

17

6 800

 

 

 

First $200,000

-

20 750

Next $120,000 -

18

21 600

 

 

 

First $320,000

-

42 350

Above $320,000 -

20

 

 

 

 

For YA 2007 to 2011

Chargeable Income

Rate (%)

Gross Tax Payable ($)

 

 

 

First $20,000

0

0

Next $10,000

3.50

350

 

 

 

First $30,000

-

350

Next $10,000 -

5.50

550

 

 

 

First $40,000

-

900

Next $40,000 -

8.50

3 400

 

 

 

First $80,000

-

4 300

Next $80,000 -

14

11 200

 

 

 

 

 

 

First $160,000

-

15 500

Next $160,000 -

17

27 200

 

 

 

 

 

 

First $320,000

-

42 700

Above $320,000 -

20

 

 

 

 

For YA 2008, 2009 and 2011, a personal income tax rebate of 20%, up to a maximum of $2,000 is granted.

Tax Rates for Non-Resident Individuals

Employment income

Your employment income is taxed at 15% or resident rate, whichever gives rise to a higher tax amount.

Director’s fees, consultation fees & all other income

The director’s fees, consultation fees and all other income that you received will be taxed at 20% from YA 2005 onwards.

 

Tax Implications at a Glance

 

 

Resident status

Tax implications

If you are employed for 60 days or less

Non-Resident

Your short-term employment income is exempt from tax. This rule does not apply if you are a director of a company, a public entertainer or exercising a profession in Singapore. Professionals include foreign experts, foreign speakers, queen’s counsels, consultants, trainers, coaches etc.

If you are here for 61 to 182 days

Non-Resident

Your employment income is taxed at 15% or progressive resident rates. Depending on which results in a higher tax.

Director’s fees and other income are taxed at the prevailing rate of 20%.

You are not entitled to tax reliefs.

 

 

If You are Employed for 60 Days or Less in a Year

 

You will be regarded as a non-resident. Your employment income is exempt from tax if you are here on short-term employment. The number of days of employment in Singapore include weekends and public holidays. This exemption does not apply if you are a director of a company, a public entertainer or exercising a profession in Singapore. Professionals include foreign experts, foreign speakers, queen’s counsels, consultants, trainers, coaches etc.

 

Example:

 

Year

Period

Number of days

Year of Assessment

Is employment income exempt?

1

03 Nov 2009 to 31 Dec 2009

59

2010

Yes

2

01 Jan 2010 to 1 Mar 2010

60

2011

Yes

 

 

If You are Here for 61 Days to 182 Days in a Year

 

You will be regarded as a non-resident. The number of days in Singapore include weekends and public holidays.

 

 

As a non-resident:

 

  • You will only be taxed on all income earned in Singapore.

  • You will not be entitled to tax reliefs.

  • Your employment income will be taxed at a flat rate of 15% or the progressive resident rates depending on which results in a higher tax.

  • Director’s fees and other income such as rent earned in or derived from Singapore will be taxed at the prevailing rate of 20%.

  • You are required to fill in Form M (Income Tax Return for Non-Residents)