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Epica FAQ Series

How are fringe benefits taxed in Singapore?

Income Tax

How are fringe benefits taxed in Singapore?

Fringe benefits are goods and services that are given to employees for free by employers. They are non-wage benefits and are part of the employees’ overall remuneration package.

Fringe benefits are taxed in the hands of the employees. In Singapore, many benefits are taxed on a concessionary basis, so an individual’s tax liability can be reduced by strategically structured his/her remuneration package.

Typical fringe benefits include, housing arrangement, car, travel allowance, school fees for the kids in international schools, club memberships etc.

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