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Epica FAQ Series

What is the personal income tax rate of Singapore?

Income Tax

What is the personal income tax rate of Singapore?

Income tax in Singapore is only applicable to tax residents.

Personal income tax in Singapore varies from 0-22% for an individual. Tax rates are progressive based on the chargeable income of a person. You are required to pay a proportionately higher tax if your income is high.

Chargeable income of an individual is a person’s income plus other earnings, after all the deductions, reliefs, and rebate.

Personal income tax rates of Singapore are shown below in the table :

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

For the year of assessment 2019, the government has offered a Personal Tax Rebate of 50% of tax payable to the tax residents. The rebate provided is up to a maximum of $200.

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