Income tax rates depend on an individual's tax residency status. You will be treated as a tax resident for a particular Year of Assessment (YA) if you are a:
- Singapore Citizen (SC) or Singapore Permanent Resident (SPR) who resides in Singapore except for temporary absences; or
- Foreigner who has stayed / worked in Singapore (excludes director of a company) for 183 days or more in the previous year. i.e. the year before the YA.
Otherwise, you will be treated as a non-resident of Singapore for tax purposes.
Resident Tax Rates
For YA 2012 to YA 2016
|
Chargeable Income
|
Income Tax Rate (%)
|
Gross Tax Payable ($)
|
|
First $20,000
Next $10,000
|
0
2
|
0
200
|
|
First $30,000
Next $10,000
|
-
3.50
|
200
350
|
|
First $40,000
Next $40,000
|
-
7
|
550
2,800
|
|
First $80,000
Next $40,000
|
-
11.5
|
3,350
4,600
|
|
First $120,000
Next $ 40,000
|
-
15
|
7,950
6,000
|
|
First $160,000
Next $ 40,000
|
-
17
|
13,950
6,800
|
|
First $200,000
Next $120,000
|
-
18
|
20,750
21,600
|
|
First $320,000
Above $320,000
|
-
20
|
42,350
|
Tax Rates for Non-Residents
Taxes on Employment Income
The employment income of non-residents is taxed at flat rate of 15% or the progressive resident tax rates (see table above), whichever is a higher tax amount.
|
