Income Tax rates are on the individual tax residency dependence.
- A Singapore citizen or Permanent resident who resides in Singapore and earn income in Singapore, except for temporary absences.
- A Foreigner who worked in Singapore for 183 days or more in the previous year (the year before the YA). It excludes the director of a company.
Resident Tax Rates:
From YA 2017 onwards
| Chargeable Income | Income Tax Rate (%) | Gross Tax Payable ($) |
|---|---|---|
| First $20,000 | - | - |
| Next $10,000 | 2 | 200 |
| First $30,000 | - | 200 |
| Next $10,000 | 4 | 350 |
| First $40,000 | - | 550 |
| Next $40,000 | 7 | 2,800 |
| First $80,000 | - | 3,350 |
| Next $40,000 | 12 | 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 | 20 | 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 for Non-Residents
The non-residents employment income is tax at a flat rate of 15% or the progressive resident’s tax rates (refer to the tax table as shown below), whichever is the higher taxable amount.
Taxes on Director’s fee, consultation fees, and all other income.
From YA 2017, the tax rates for non-resident individuals is at 22% (except certain reduced withholding tax rates).
| Type of Income | Non-residents individual tax rate/ withholding tax rate from YA 2017 | |
|---|---|---|
| 1 | Directors remuneration | 22% |
| 2 | Income derived from activity as a non-resident professional (consultant, trainer, coach, etc.) | 15% of gross or 22% of net income |
| 3 | Income derived from activity as a non-residents public entertainer (artiste, musician, sportsman, etc.) | 10% concessionary rate (No charge) for details please refer to IRAS website non-resident public entertainers |
| 4 | Other income e.g. rental income derived from Singapore property | 22% |
| 5 | SRS withdrawal by a non-citizen SRS member | 22% |
| 6 | Interest, royalty, etc. | Reduced final withholding tax rate (subject to conditions) as follows: Interest: 15% Royalty: 10% or 22% if the reduced final withholding tax rate is not applicable. |