Singapore

Individual - Taxes on personal income

Last reviewed - 07 February 2020

Income is taxable when it accrues in or is derived from Singapore, whether or not the individual is resident in Singapore. Income derived from sources outside Singapore is only taxable if it is received in Singapore by a resident individual through a partnership in Singapore.

Resident individuals are entitled to certain personal allowances and are subject to graduated tax rates ranging from 0% to 22%. Non-resident individuals are not entitled to any personal allowances and are subject to tax at a flat rate of 22%. As a concession, employment income of non-residents is taxed at the higher of a flat rate of 15% or the graduated resident rates with personal allowances. This concession does not apply to non-resident directors.

Personal income tax rates

Residents

A resident individual's taxable income (after setoff of personal allowances) is subject to income tax at progressive rates. Current rates for the years of assessment 2019 and 2020 (income years 2018 and 2019) are shown below.

Taxable income (SGD) Years of assessment 2019 and 2020
Over (column 1) Not over Tax on column 1 (SGD) Percentage on excess (%) 
0 30,000 - 2.00
30,000 40,000 200 3.50
40,000 80,000 550 7.00
80,000 120,000 3,350 11.50
120,000 160,000 7,950 15.00
160,000 200,000 13,950 18.00
200,000 240,000 21,150 19.00
240,000 280,000 28,750 19.50
280,000 320,000 36,550 20.00
320,000   44,550 22.00

There is a PIT rebate of 50% of tax payable by tax resident individuals for year of assessment 2019, subject to a cap of SGD 200.

Non-residents

Non-resident individuals are taxed at a flat rate of 22%, except that Singapore employment income is taxed at a flat rate of 15% or at resident rates with personal reliefs, whichever yields a higher tax. A non-resident director’s remuneration does not qualify for the reduced rate, and withholding tax (WHT) at 22% must be deducted from remuneration paid to a non-resident director.

Local income taxes

There are no other taxes on income in Singapore.