Personal Income Tax Filing Services in Singapore
Singapore Tax adopts a progressive personal tax rates, relative to an individuals amount of income.
Singaporeans whose overseas employment is for a period of at least six months in any calendar year can choose to be treated as a non-resident for the year of assessment following the year of overseas employment. Foreign income received in Singapore is not subject to tax under certain conditions.
When is the personal tax filing due date in Singapore?
It is mandatory under law to file for your annual personal tax returns to IRAS by 15 April of every year. IRAS diligently enforces the requirements relating to the filing of the personal tax. Please comply to avoid paying fines and/or court prosecution.
Income is assessed on a preceding calendar year basis, ending 31 December. You must File Your Annual Tax Form by 15 April of the following year. If tax return is not filed by the 15 April deadline, IRAS may raise estimated assessment. You can usually expect to receive the income tax bills from May to August.
Let us help you
Rikvin can assist you in your personal income tax filings. Our personal tax filing services include:
- Registration for new tax payers
- Preparation and filing of income tax return based on your income and determination of possible deductions and reliefs that are applicable to you
- Request for extension of deadline, if necessary
- Preparation of Form IR8A/IR21 for employees
- Tax planning as well as advice
- Year of Assessment & Basis Period
- Tax Residency & Personal Reliefs
- Source of Employment Income
- Double Taxation and Exemption
- Taxation of Different Types of Bonus
- Taxation of Allowances & Benefits-in-kind
- Taxation of Equity Gains
- Taxation of Director’s Remuneration/Fees
- Payment & Refund of Tax
- Special Schemes – NOR, Area Representative
- Employer’s & Employee’s Obligations: Forms IR8A, IR21 & B1
- Tax Compliance: IRAS Enforcement Actions on Non-Filing & Late Payment, Penalties for Negligence & Evasion
- Voluntary Disclosure
Download our guide: Singapore Corporate Tax Guide »
People also ask
- No, it is not. But the city-state does have very low effective taxes – both corporate and personal – making it one of the most business-friendly jurisdictions in the world.
To find out more about Singapore personal tax, check out our Singapore personal tax guide.
- Yes, if it is remitted to Singapore, as you will have to pay tax on it in Singapore. Notably, foreign income remitted to Singapore is taxed unless it is either of – dividends, branch profits, and service income. In general, overseas income is taxable in Singapore if
- It is received through partnerships in Singapore, or
- Your overseas employment is incidental to your Singapore employment i.e. your duties or services rendered overseas are for the benefit of the Singapore entity.
- Employed Overseas on Behalf of the Singapore Government.
- You have a trade/business in Singapore and you are carrying on a trade/ business overseas which is incidental to your Singapore trade. Do note that should your gains from your overseas employment be taxed in a foreign country, you may apply for double taxation relief, to avoid being taxed twice on the same income.
- No, there is no capital gains tax in Singapore.
Need help filing your personal income tax online?
Let us do the work for you. With Rikvin, income tax filing is done right and well before the deadline.