What are the individual income tax rates in 2020 according to IRAS?
Personal income tax in Singapore for resident taxpayers is progressive from zero to a maximum of 22%. These means the higher the personal income, the higher your tax bracket falls into. The threshold of max tax is $320,000. After that, its flat rate is 22%.
Read More » Singapore Tax Rate for Foreigners
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Benjamin has over 20 years of tax experience, spending more than 13 years working for the Big 4 accounting firms and being an in-house tax advisor. Benjamin has also worked with SMEs, multinational corporations, and publicly-listed companies from diverse industries, offering tax advisory and planning, corporate restructuring, M&A, business model optimization, tax ruling requests, tax incentives application, tax risk mitigation, and tax reporting services on complex projects.