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Singapore: Personal Taxation

Personal Income Tax Rates

This page was last updated on 27 April 2021.

The income tax rates for resident individuals are as follows:

Chargeable Income (SGD)

Rate (%)

Tax Payable (SGD)

First 20,000

0

0

20,000-30,000

2

200

30,000- 40,000

3.5

350

40,000-80,000

7

2,800

80,000-120,000

11.5

4,600

120,000-160,000

15

6,000

160,000-200,000

18

7,200

200,000-240,000

19

7,600

240,000-280,000

19.5

7,800

280,000-320,000

20

8,000

320,000+

22

-

The income tax rate for non-residents’ employment income is either 15% or the relevant resident tax rate, whichever produces the highest sum. Director's fees, consultation fees and most other income are taxed at 20%, which is generally withheld at source.

Certain other payments to non-resident individuals are subject to withholding tax at source; see under Domestic Corporate Taxation: Singapore Withholding Tax.

Most dividend payments received are exempt from income tax.

 

 

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