Singapore’s Personal Income Tax rate 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 personal income tax rate 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
Rikvin’s content team includes in-house and freelance writers across the globe who contribute informative and trending articles to guide aspiring entrepreneurs in taking their business to the next level in Asia.