Singapore
Asia
Singapore has a competitive, low-tax regime designed to attract businesses and investments. The country operates a territorial tax system where only income sourced in Singapore is taxed. Resident individuals pay progressive income tax rates from 0% to 24%, while non-residents are taxed at flat rates or 24% whichever is lower. Singapore has no capital gains tax and no inheritance tax, making it one of the most tax-friendly jurisdictions globally.
How Taxation Works in Singapore
Understand the basics of Singapore's tax system, who pays tax, and how rates apply to individuals and businesses.
Tax System
Singapore uses a self-assessment tax system where taxpayers report their income and calculate their own tax liability. The Inland Revenue Authority of Singapore (IRAS) issues assessment notices and collects taxes. Tax is collected through voluntary assessment and employer withholding (for employment income).
Residents
Tax residents are taxed on worldwide income. Non-residents are taxed only on Singapore-sourced income. Companies are taxed on Singapore-sourced income. Foreign companies with a permanent establishment in Singapore are also taxed.
Non-Residents
Tax residents include Singapore citizens, permanent residents, and foreigners who have been employed in Singapore for 183 days or more in a calendar year. Non-residents are taxed at different rates, typically higher, and are not entitled to personal reliefs.
Individuals
Singapore uses progressive tax rates for resident individuals from 0% to 24%. Non-residents are taxed at flat rates (15% for employment income, 22% for other income, or 24% whichever is higher). Personal reliefs and tax exemptions reduce the effective tax rate.
Businesses
Corporate tax is a flat 17% on taxable income. Startups and Pte Ltd companies may benefit from partial tax exemptions on the first S$100,000 – S$300,000 of normal income. Foreign-sourced income is generally not taxed unless remitted to Singapore.
Tax Residency
Singapore taxes residents on worldwide income and non-residents on Singapore-sourced income. Residency is determined by citizenship, permanent residency, or 183+ days of employment.
Territorial Tax System
Singapore operates a territorial tax system where only income sourced in Singapore is taxed. Foreign-sourced income is generally not taxed unless remitted to Singapore.
Progressive Tax Rates
Singapore uses progressive tax rates for resident individuals, ranging from 0% to 24%. Non-residents are taxed at flat rates.
No Capital Gains Tax
Singapore does not impose capital gains tax on the sale of property, shares, or other assets.
Current Tax Information
Calendar Year (January 1 – December 31) tax slabs, rates, thresholds, and key deductions for Singapore.
| Rate | Threshold | Notes |
|---|---|---|
| 0% | First S$20,000 | Resident individuals |
| 2% | S$20,001 – S$30,000 | Resident individuals |
| 3.5% | S$30,001 – S$40,000 | Resident individuals |
| 7% | S$40,001 – S$80,000 | Resident individuals |
| 11.5% | S$80,001 – S$120,000 | Resident individuals |
| 15% | S$120,001 – S$160,000 | Resident individuals |
| 18% | S$160,001 – S$200,000 | Resident individuals |
| 19% | S$200,001 – S$320,000 | Resident individuals |
| 20% | S$320,001 – S$400,000 | Resident individuals |
| 22% | S$400,001 – S$500,000 | Resident individuals |
| 24% | Above S$500,000 | Resident individuals; non-residents taxed at 22% or 24% |
Standard Deduction
Singapore provides personal income tax rebates annually (e.g., 20% of tax payable). No standard deduction per se — instead, various personal reliefs reduce taxable income.
Major Deductions
- Personal Income Tax Rebates
Annual tax rebates offered by the government (e.g., 20% of tax payable, capped at certain amounts).
- CPF Contributions
Central Provident Fund contributions by employees are not taxable.
- Rent Relief
Rent relief for individuals who rent their home. Subject to caps.
- Earned Income Relief
Relief for self-employed individuals and employees.
- Parent/Grandparent Relief
Tax relief for supporting elderly parents or grandparents.
Tax Credits
- Tax Rebates
Annual tax rebates (e.g., 20% of tax payable) offered by the Singapore government each year.
- Pioneer and Development Incentives
Tax incentives for companies in targeted industries and regions.
- Foreign Tax Credit
Credit for taxes paid in other countries to avoid double taxation.
Important Dates
Key deadlines for Singapore tax filing, payments, and important milestones.
Tax Year Start
Singapore tax year follows the calendar year (January 1 – December 31).
Paper Filing Deadline
Deadline for paper filing of individual income tax returns.
E-Filing Deadline
Deadline for e-filing of individual income tax returns.
Tax Year End
End of the Singapore tax year.
Government Resources
For the most accurate and up-to-date information, visit the official government tax authority. Below are the most useful official portals, forms, and support resources for Singapore taxpayers.
Inland Revenue Authority of Singapore (IRAS)
Official Singapore tax authority — tax rates, filing, and guidance.
https://www.iras.gov.sg
IRAS Tax Rates
Current individual income tax rates and brackets.
https://www.iras.gov.sg/taxes/individual-income-tax/rates
GST Portal
GST registration, filing, and compliance.
https://www.iras.gov.sg/taxes/goods-and-services-tax
MyTax Portal
Online portal for filing individual income tax returns.
https://www.iras.gov.sg/e-services/i-tax-login
Popular Singapore Calculators
Estimate your tax liability with our free Singapore calculators. All calculations run locally in your browser — no data is collected.
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Estimate your Singapore income tax calculator with current rates and rules.
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Open calculator →Frequently Asked Questions
Quick answers to common questions about Singapore taxation, filing requirements, and using our calculators.
What is the income tax rate in Singapore?
Resident individuals pay progressive tax from 0% to 24%. Non-residents are taxed at flat rates or 24% whichever is lower.
What is the GST rate in Singapore?
GST is 9% as of 2024, increased from 8%.
Is Singapore tax friendly?
Yes, Singapore has a competitive, low-tax regime with no capital gains tax and no inheritance tax.
What is the tax filing deadline?
April 15th for paper filing, April 18th for e-filing.
Who is a tax resident in Singapore?
An individual is a tax resident if they are a Singapore citizen or permanent resident, or a foreigner who has been employed in Singapore for 183 days or more in a calendar year.
Trust & Transparency
Last Updated
2025-06-15
Educational Disclaimer
The tax information and calculators on this page are for educational and informational purposes only. They do not constitute professional tax advice. Tax laws are subject to change. Always consult a qualified tax professional for advice specific to your situation.
Calculation Methodology
Tax calculations follow the Singapore Income Tax Act and IRAS guidelines. Progressive rates are applied to chargeable income after personal reliefs and deductions. GST calculations follow the GST Act. Corporate tax is calculated on net chargeable income at the prevailing rate.
Data Sources
- Inland Revenue Authority of Singapore (IRAS)
- Singapore Budget 2024
- IRAS Tax Circulars
Privacy-First
All calculations are performed locally in your browser. No personal data is collected, stored, or transmitted to any server. Your financial information never leaves your device.
