Singapore’s Personal Income Tax structure is one of the friendliest and most competitive in the world. The tax year is from 1 January to 31 December in each calendar year and income is assessed on a preceding year basis.
Singapore’s individual income tax schedule is progressive, with higher income earners paying proportionately more income tax. The current top marginal individual income tax rate is 22%. Singapore also calibrates its individual income tax regime to remain as a choice location for businesses, entrepreneurship, and talent.
To help you reduce your personal tax burden, Singapore tax specialist Rikvin provides some basic tips in this download guide