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Singapore: Personal Taxation

Personal Income Tax Rates

The income tax rates for resident individuals are as follows:

Chargeable income
Rate (%)
Gross tax payable (SGD)
First SGD20,000
Next SGD10,000
0
2
0
200
First SGD30,000
Next SGD10,000
3.5
200
350
First SGD40,000
Next SGD40,000

7
550
2,800
First SGD80,000 
Next SGD40,000
Next SGD40,000

11.5
15
3,350
4,600
6,000
First SGD160,000
Next SGD40,000
Next SGD120,000

17
18
13,950
6,800
21,600
First SGD320,000
Next SGD320,000

–20
42,350

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.

The majority of dividend payments received are exempt from income tax.

 

 

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