What is the personal income tax rate in Singapore?

Singapore’s Personal Income Tax rate ranges from 0% to 22%. The highest personal income tax rate of 22% are for individuals with an annual taxable income of more than $320,000. More details about Singapore Resident Tax Rates can be found here.

How do I know if I am a tax resident of Singapore?

You are a tax resident of Singapore if you are: a Singapore Citizen (SC) or Singapore Permanent Resident (SPR) who resides in Singapore (except for temporary absences), or A foreigner who has lived or worked in Singapore for 183 days or more in the year prior to the YA (excluding company directors).

How is income tax calculated in Singapore (for residents)?

Singapore’s Personal Income Tax adopts a progressive model where higher-income earning residents are required to pay a proportionately higher tax rate. The Personal Income Tax rate in Singapore is capped at 22% currently. More information: Singapore Personal Income Tax.

What are the tax rates for non-residents?

Non-residents' employment income is taxed at either a flat rate of 15% or the progressive resident tax rates (see table above), whichever is higher. More information: Singapore Personal Tax for Non-Residents.

In Singapore, what is the minimum salary required to pay income tax?

If your yearly income is S$22,000 or more, you are required to pay income tax in Singapore. You are generally exempt from paying income tax if: You have a yearly gross income of $22,000 or less; You do not earn any income in Singapore Read more here.

What income tax deductions could I be eligible for?

Income tax deductions in Singapore refer to personal reliefs, rebates, expenses and donations. Tax breaks are provided to promote social and economic goals such as filial piety, family formation, and skill development. Some examples of tax deductions include: Employment expenses Medical expenses Rental expenses Donations Self-improvement tax relief Angel Investors deduction Note: Personal income tax relief is limited to $80,000 per Year of Assessment. More on tax deductions.

When do I need to file my personal income tax?

The tax year for personal taxes is the calendar year, which runs from 1 January to 31 December. Personal tax returns must be filed by 15th April (paper filing, or 18th April (e-filing).

What form do I need to submit for my personal income tax filing?

Depending on his or her work and tax residency status, IRAS requires each taxpayer to complete one of the following forms: Employed individuals (tax resident): Form B1 Self-employed individuals: Form B Non-resident individuals: Form M

Do I need to submit IR8A?

If you are an employee, you are not required to prepare the Form IR8A. Your employer must submit Form IR8A for all employees working in Singapore by March 1st of each year.

Singapore Personal Income Tax Calculator

Rikvin’s detailed Free Online Singapore Personal Income Tax Calculator helps you to estimate your annual tax payable.

INCOME DETAILS
Employment Income	Employment Income Enter your gross employment income for the previous year (including any bonuses, fixed allowances and any benefits in kind). DO NOT deduct CPF paid when you key in this figure.
Less: Employment Expenses	Employment Expense Enter your allowable employment expenses.
NET EMPLOYMENT INCOME	Net Employment Income Calculated as Employment Income - Employment Expense.
Trade, Business, Profession or Vocation	Trade Income Enter your income from trade, business, profession or vocation in the previous year.
Dividends	Dividends Enter your dividends received in the previous year.
Interest	Interest Enter your interest income received in the previous year if it is NOT from deposits with approved banks or licensed finance companies in Singapore.
Rental Income from Property	Rent from Property Enter your net rent from property in the previous year.
Royalty, Charge, Estate/Trust Income	Royalty Enter your royalty, charge or estate/trust income received in the previous year.
Gains or Profits of an Income nature	Gains or Profits Enter your gains or profits of an income nature received in the previous year. These include any income which does not fall within any of the other classifications of income stated above.
Less: Approved Donations	Approved Donations Enter the amount donated (2.5 times) to approved Institution of Public Character (IPC) in the previous year. For example, if your donate $100 to an approved IPC, you will be given a $250 deduction.
ASSESSABLE INCOME	Assessable Income Calculated as Net Employment Income + Other Income - Approved Donations.
Less: PERSONAL RELIEFS
Earned Income Relief	Earned Income Relief Enter the lower of your earned income or the following values: -$1,000 (if you are below 55) -$6,000 (55 to 59) -$8,000(60 and above) For handicapped persons, the maximum earned income relief will be: -$4,000 (if you are below 55) -$10,000 (55 to 59) -$12,000 (60 and above)
Spouse/Handicapped Spouse Relief	Spouse/Handicapped Spouse Relief Enter $2,000 for spouse relief or $5,500 for handicapped spouse relief. You are only eligible for spouse relief if the income of your spouse in the previous year is not more than $4,000. If you are divorced or legally separated and you paid alimony/maintenance to your ex-wife or handicapped ex-wife in the previous year, you will be eligible to claim the amount of alimony/maintenance paid, subject to a maximum of $2,000 or $3,500 respectively.
Qualifying/Handicapped Child Relief	Qualifying child relief (QCR) Enter $4,000 per child. Handicapped child relief (HCR) Enter $7,500 per handicapped child.
Working Mother's Child Relief	Working Mother's Child Relief (WMCR) Enter the following amount: 1st child - 15% of mother's earned income 2nd child - 20% of mother's earned income 3rd and each subsequent child - 25% of mother's earned income Cumulative WMCR percentages are capped at 100% of mother's earned income. Note: The sum of all child reliefs claimable is subject to a cap of $50,000 for each child.
Parent/Handicapped Parent Relief	Parent/Handicapped Parent Relief You can claim parent relief or handicapped parent relief for up to 2 dependants. The amount of relief for each dependant is as follows: Staying with you Parent relief $9,000 Handicapped parent relief $14,000 NOT staying with you Parent relief $5,500 Handicapped parent relief $10,000
Grandparent Caregiver Relief	Grandparent Caregiver Relief Enter $3,000 if you are entitled to this relief. Click "Grandparent caregiver relief" for details on qualifying conditions.
Handicapped Sibling Relief	Handicapped Sibling Relief Enter up to $5,500 for each of your or your spouse's brothers or sisters who are handicapped and whom you maintained.
CPF/Provident Fund Relief	CPF/Provident Fund Relief Enter the amount of allowable CPF contribution. CPF capping rules apply. Note: Maximum range is $17,000.
Life Insurance Relief	Life Insurance Relief You are eligible to claim life insurance relief up to a maximum of $5,000 if you have zero CPF contribution. Otherwise, you may claim the difference between the cap of $5,000 and your CPF contribution. For example: CPF contribution: $3,000 Allowable life insurance relief: $5,000 - $3,000 = $2,000
Course Fees Relief	Course Fees Relief Enter the mount of course fee incurred up to a maximum of $5,500 in a year if you meet the qualifying conditions.
Foreign Maid Levy Relief	Foreign Maid Levy Relief Enter twice the total foreign domestic worker levy paid paid in the previous year, subject to the following cap amount: Maximum Relief: Concessionary FML ($170 per month) $3,080 Without concessionary FML($265 per month) $6,360
CPF Cash Top-Up Relief	CPF Cash Top-Up Relief Maximum Relief Your own minimum sum $7,000 Immediate family members (grandparents/parents, spouse or siblings) top-ups $7,000
Supplementary Retirement Scheme Relief	Supplementary Retirement Scheme Relief Enter the amount you / your emplyer have contributed in the previous year, subject to a cap of $12,750 for a Singaporean / Singapore Permanent Resident and $29,750 for a foreigner.
NSman Relief	NSman Relief For NSman (self) relief: Category of NSman - Non-KAH No in-camp training in previous year $1,500 Attended in-camp training in previous year $3,000 Category of NSman - KAH No in-camp training in previous year $3,500 Attended in-camp training in previous year $5,000 Enter $750 if your son(s)/your husband are NSmen.
CHARGEABLE INCOME
TAX PAYABLE

Tax Payable on Chargeable Income
Less: Personal Income Tax Rebate (50%)	Personal Income Tax Rebate 50% of Personal Income Tax Payable (Capped at $200)
Less: Parenthood Tax Rebate	Parenthood Tax Rebate 1st child - $5,000 2nd child - $10,000 3rd and each subsequent child - $20,000 If you have been granted PTR previously and there is balance in your PTR account, refer to the PTR statement on the balance available to offset against your tax payable.
NET TAX PAYABLE

Disclaimer:
The information in this summary is intended to be no more than a general overview of your tax position. In the interest of simplicity, some details have been omitted. If you need professional advice or assistance, please call us at +65 6320 1888.

FAQs

What is the personal income tax rate in Singapore?
Singapore’s Personal Income Tax rate ranges from 0% to 22%.

The highest personal income tax rate of 22% are for individuals with an annual taxable income of more than $320,000.

More details about Singapore Resident Tax Rates can be found here.
How do I know if I am a tax resident of Singapore?
You are a tax resident of Singapore if you are:
- A Singapore Citizen (SC) or Singapore Permanent Resident (SPR) who resides in Singapore (except for temporary absences), or
- A foreigner who has lived or worked in Singapore for 183 days or more in the year prior to the YA (excluding company directors).
How is income tax calculated in Singapore (for residents)?
Singapore’s Personal Income Tax adopts a progressive model where higher-income earning residents are required to pay a proportionately higher tax rate.

The Personal Income Tax rate in Singapore is capped at 22% currently.

More information: Singapore Personal Income Tax.
What are the tax rates for non-residents?
Non-residents' employment income is taxed at either a flat rate of 15% or the progressive resident tax rates (see table above), whichever is higher.

More information: Singapore Personal Tax for Non-Residents.
In Singapore, what is the minimum salary required to pay income tax?
If your yearly income is S$22,000 or more, you are required to pay income tax in Singapore.

You are generally exempt from paying income tax if:
- You have a yearly gross income of $22,000 or less;
- You do not earn any income in Singapore
Read more here.
What income tax deductions could I be eligible for?
Income tax deductions in Singapore refer to personal reliefs, rebates, expenses and donations.

Tax breaks are provided to promote social and economic goals such as filial piety, family formation, and skill development.

Some examples of tax deductions include:
- Employment expenses
- Medical expenses
- Rental expenses
- Donations
- Self-improvement tax relief
- Angel Investors deduction
Note: Personal income tax relief is limited to $80,000 per Year of Assessment.
More on tax deductions.
When do I need to file my personal income tax?
The tax year for personal taxes is the calendar year, which runs from 1 January to 31 December.

Personal tax returns must be filed by 15th April (paper filing, or 18th April (e-filing).
What form do I need to submit for my personal income tax filing?
Depending on his or her work and tax residency status, IRAS requires each taxpayer to complete one of the following forms:
- Employed individuals (tax resident): Form B1
- Self-employed individuals: Form B
- Non-resident individuals: Form M
Do I need to submit IR8A?
If you are an employee, you are not required to prepare the Form IR8A.

Your employer must submit Form IR8A for all employees working in Singapore by March 1st of each year.

Do you need help with your personal taxes?

Figuring out your personal taxes is often an arduous task, so why not leave it to the professionals? Rikvin will ensure that your personal income tax is filed correctly and on time.

Contact our Tax Professionals today!

Talk to our service leader:

Benjamin Lim

CPA Australia, ATA (Income Tax)

Director

Head, Tax

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