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Epica FAQ Series

What is the income tax in Singapore?

Income Tax

What is the income tax in Singapore?

Income tax in Singapore depends on a person’s residential status. You will be considered as a resident in Singapore if you have stayed or worked in Singapore for more than 183 days in the previous year for a specific year of assessment. If you have stayed out of the country for more than 183 days then you will be considered as non-resident even if you are a citizen or holding a permanent residency status.

Personal income tax rates in Singapore depend on a person’s income and may vary from 2% to 22%.

Here is a chart to show you how personal income tax is levied upon tax citizens of Singapore.

Chargeable income income tax rate Gross payable tax
First $20,000 0 0
Next $10,000 2 200
First $30,000 200
Next $10,000 3.5 350
First $40,000 550
Next $40,000 7 2800
First $80,000 3350
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 18 7,200
First $200,000 21,150
Next $40,000 19 7,600
First $240,000 28,750
Next $40,000 19.5 7,800
First $280,000 36,550
Next $40,000 20 8,000
First $320,000 44,550
In excess of $320,000 22

Tax levied upon non-residents’ employment income is flat 15% .

Special Tax rates

Taxes levied upon directors, consultants, entertainers, entrepreneurs that are non-residents in Singapore are different. Find below the chart showing income tax information of such individuals.

Type of income Special The non-resident individual tax rate
Director’s Remuneration 20%
Non-resident professional such as a consultant 15% of gross income or 22% of net income
Non-resident public entertainer such as a comedian 10% withholding tax
Rental income derived from a Singapore property 22%
SRS withdrawal 22%

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