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, reliefs and rebates. CHARGEABLE INCOME…Read More
Taxation & Accounting FAQs / Singapore Personal Income Tax
The Stamp Duty Tax for property transfer in Singapore is as follows: Value of property Rate (%) First S$180,000 1.0 Next S$180,000 2.0 Thereafter 3.0
Income from overseas is taxable in the following scenarios: It is received in Singapore through partnerships established in Singapore Your overseas income is incidental income (Example: Incidental income is the income earned when you travel/are posted overseas because of work for which you are paid in Singapore).
Any income earned by providing technical, consulting or other professional services as a part of their trade, profession or business is considered as service income.
The due date for filing individual taxes or personal income tax is 15 April each year. Late filing or failing to file at all could incur penalties.
Non-residents are taxed at a flat rate of 15%.