FAQs on Personal Income Tax

The Singapore individual income tax rates for YA 2007 and onwards are shown below. Singapore individual / personal income taxes are charged progressively (0% – 20%), based on your chargeable income. The chargeable income is your income plus any other personal income, minus all deductions, relief’s and rebates.
	Chargeable Income ($)	Rate (%)	Gross Tax Payable ($)
On the first On the next	20,000 10,000	0 3.5	0 350
On the first On the next	30,000 10,000	5.5	350 550
On the first On the next	40,000 40,000	8.5	900 3,400
On the first On the next	80,000 80,000	14	4,300 11,200
On the first On the next	160,000 160,000	17	15,500 27,200
On the first Above	320,000 320,000	20	42,700

Due date for filing individual taxes in 15 April each year. Late filing or failing to file at all could incur penalties.

Employer-provided fringe benefits are taxed in the employee’s hands. As a number of benefits are taxed on a concessionary basis in Singapore, it is possible to reduce an individual’s tax liability through appropriate structuring of his/her remuneration package.

Foreigners on Singapore work passes such as Employment Pas, S Pass, etc. are exempt from CPF contributions in Singapore.

Non-residents are taxed at a flat rate of 15%.