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 company directors. 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 1 January 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.