Singapore: Personal Taxation
Residence and Liability for Taxation
A person is tax resident in Singapore if he or she spends at least 183 days in a year or straddling two years in Singapore, or if the average number of days spent in Singapore over a three-year period equates to at least 183 days per year. Note that the 183-day rule generally does not apply to a director of a company. A foreign person who has become a Singapore Permanent Resident and has established his or her home in Singapore is resident for tax purposes.
All individuals pay tax on income earned or received in Singapore; overseas income received in Singapore after January 1, 2004, including income paid into a Singapore bank account (but excluding overseas income received through a partnership in Singapore), is not taxable.
Income tax is assessed based on a preceding year basis.