Singapore
Asia
Singapore operates a competitive, territorial tax system with zero capital gains tax, zero dividend tax, and low corporate tax rates. Resident individuals pay progressive rates between 0% and 24%, while non-residents pay flat rates.
Singapore Tax Cheatsheet (Calendar Year (January 1 – December 31))
Key tax metrics at a glance for residents and expats.
How Taxation Works in Singapore
Understand the basics of Singapore's tax system, who pays tax, and how rates apply to individuals and businesses.
Tax System
Singapore operates a self-assessment system administered by IRAS. Employers under the Auto-Inclusion Scheme (AIS) transmit remuneration data directly to IRAS, enabling pre-filled e-returns on myTax Portal.
Residents
Tax residents pay tax on Singapore-sourced income at progressive rates after personal reliefs. Non-residents pay tax on Singapore employment income at 15% or progressive rates without personal reliefs.
Non-Residents
Residency is established by Citizenship, Permanent Residency, or staying/working in Singapore for 183+ days in a calendar year. Non-residents face flat rates and are ineligible for personal reliefs.
Individuals
Progressive tiers start at 0% for the first S$20,000 of income, reaching 24% for income above S$1,000,000. Popular reliefs include Earned Income Relief, CPF top-ups, SRS, and parent relief.
Businesses
Corporations are taxed at a flat 17%. The single-tier corporate tax framework ensures dividends paid to shareholders are free of withholding or personal income tax.
Territorial Tax Basis
Only income earned in Singapore or derived from Singapore sources is subject to tax. Overseas income earned by individuals is generally exempt.
1-Tier Dividend System
Corporations pay corporate tax on net profits, and all dividend distributions to shareholders are completely tax-free.
Overall Relief Cap (S$80,000)
The maximum aggregate amount of personal tax relief an individual taxpayer can claim in any Year of Assessment is S$80,000.
Form IR21 Tax Clearance
Employers must notify IRAS and withhold all monies due to non-citizen employees leaving Singapore or terminating employment.
Important Tax Information
Key facts about Singapore's tax system to help you understand your obligations.
Tax Year
Calendar Year (January 1 – December 31)
Filing Deadline
April 15 (paper); April 18 (e-filing)
Tax Authority
Currency
SGD
Residency Rules
Residency is established by Citizenship, Permanent Residency, or staying/working in Singapore for 183+ days in a calendar year. Non-residents face flat rates and are ineligible for personal reliefs.
Employer Withholding
Employers participate in IRAS Auto-Inclusion Scheme (AIS) to report Form IR8A salary details. Employers of foreign workers must execute Form IR21 tax clearance before employee departure.
Payment Deadline
Within 30 days of receiving the Notice of Assessment (NOA)
Tax Brackets & Rates
Calendar Year (January 1 – December 31) income tax brackets for Singapore. Tax is calculated progressively — higher portions of income are taxed at higher rates.
Progressive Tax
Higher portions of income are taxed at higher rates. Only the income within each bracket is taxed at that bracket's rate.
Marginal Rate
The rate applied to your last dollar of income. It determines the tax on your next dollar earned.
Effective Rate
The average rate across all your income. Total tax divided by total income gives your true tax burden.
| Bracket | Rate | Threshold | Notes |
|---|---|---|---|
| 0% | 0% | First S$20,000 | First S$20,000 of chargeable income is tax-free for resident individuals. |
| 2% | 2% | Next S$10,000 (S$20,001 – S$30,000) | Tax payable: S$200 on S$30,000 income. |
| 3.5% | 3.5% | Next S$10,000 (S$30,001 – S$40,000) | Tax payable: S$550 on S$40,000 income. |
| 7% | 7% | Next S$40,000 (S$40,001 – S$80,000) | Tax payable: S$3,350 on S$80,000 income. |
| 11.5% | 11.5% | Next S$40,000 (S$80,001 – S$120,000) | Tax payable: S$7,950 on S$120,000 income. |
| 15% | 15% | Next S$40,000 (S$120,001 – S$160,000) | Tax payable: S$13,950 on S$160,000 income. |
| 18% | 18% | Next S$40,000 (S$160,001 – S$200,000) | Tax payable: S$21,150 on S$200,000 income. |
| 19% | 19% | Next S$40,000 (S$200,001 – S$240,000) | Tax payable: S$28,750 on S$240,000 income. |
| 19.5% | 19.5% | Next S$40,000 (S$240,001 – S$280,000) | Tax payable: S$36,550 on S$280,000 income. |
| 20% | 20% | Next S$40,000 (S$280,001 – S$320,000) | Tax payable: S$44,550 on S$320,000 income. |
| 22% | 22% | Next S$180,000 (S$320,001 – S$500,000) | Tax payable: S$84,150 on S$500,000 income. |
| 23% | 23% | Next S$500,000 (S$500,001 – S$1,000,000) | Upper income threshold introduced in recent tax year adjustments. |
| 24% | 24% | Above S$1,000,000 | Top marginal resident rate applied to income exceeding S$1,000,000. |
Common Deductions in Singapore
Deductions reduce your taxable income. Here are the most common deductions available to Singapore taxpayers.
Standard Deduction
Singapore provides annual personal tax rebates (e.g., 50% rebate up to S$200 for eligible YA). Rather than a single standard deduction, taxpayers claim specific personal reliefs up to an aggregate cap of S$80,000.
Earned Income Relief
Automatic relief for individuals earning employment or trade income. Up to S$1,000 (below 55 yrs), S$6,000 (55-59 yrs), and S$8,000 (60+ yrs).
CPF Top-up Relief (SA / RA / MA)
Tax relief for cash top-ups to your own or family members' Central Provident Fund accounts, capped at S$8,000 for self and S$8,000 for family.
Supplementary Retirement Scheme (SRS)
Tax-deductible contribution up to S$15,300 per year for Citizens/PRs and S$35,700 for foreign employment pass holders.
Parent & Grandparent Relief
Relief ranging from S$4,500 to S$9,000 per dependent parent/grandparent residing in Singapore with minimal income.
Course Fees Relief
Up to S$5,600 per year for fees paid for courses, seminars, or tertiary education relevant to current employment or trade.
NSman Relief
Relief for active national servicemen, key appointment holders, and their wives or parents, ranging from S$750 to S$5,000.
Tax Credits in Singapore
Tax credits directly reduce your tax liability. Here are the major credits available in Singapore.
Personal Income Tax Rebate
Annual government tax rebates (e.g., 50% rebate capped at S$200 for YA 2024 / YA 2025/2026 adjustments).
Corporate Income Tax (CIT) Rebate
Corporate tax rebate (50% capped at S$40,000 with cash payout components for qualifying active companies).
Foreign Tax Credit (FTC)
Double taxation relief for income earned overseas and remitted into Singapore from DTA partner jurisdictions.
Who Should Use This Calculator
Our Singapore tax calculators are designed for a wide range of users. See if they match your situation.
Salaried Employees & EP Holders
Employment Pass and S Pass holders wanting to compute take-home pay, progressive tax rates, and tax residency under the 183-day rule.
Expats & Foreign Professionals
Foreign nationals evaluating Singapore tax brackets, Form IR21 clearance, non-resident 15% employment tax, and DTA tax exemption rules.
Self-Employed & Sole Proprietors
Freelancers, taxi drivers, and gig economy workers calculating Net Trade Income, simplified expense claims, and Form B submission.
Business Owners & Founders
Company directors estimating 17% corporate tax, 1-tier dividend exemption, startup partial exemptions, and ECI filing obligations.
Property Buyers & Investors
Property buyers calculating BSD and ABSD tiers for private residential homes and commercial real estate.
How to Use the Singapore Tax Calculator
Get an accurate tax estimate in just a few steps. Here is how to use our calculator effectively.
Enter Employment & Trade Income
Input gross annual salary, bonus, director fees, commissions, and net trade income earned during the tax year.
Claim Personal Reliefs & SRS
Enter eligible personal reliefs (Earned Income, CPF, SRS top-ups, Parent, Spouse, Child, Course fees) up to the S$80,000 maximum cap.
Apply YA 2026 Progressive Rates
The calculator computes your exact Chargeable Income and applies the resident progressive tax brackets (0% to 24%).
Deduct Tax Rebates
Subtract annual government personal income tax rebates to calculate your final tax payable.
Analyze Effective Tax Rate
Review your effective tax rate, net monthly take-home salary, and explore additional SRS or CPF top-up savings.
Frequently Asked Questions
Quick answers to common questions about Singapore taxation, filing requirements, and using our calculators.
What is the personal income tax rate in Singapore for 2026?
Tax residents pay progressive rates from 0% to 24%. Non-residents pay a flat 15% on employment income (or progressive resident rates if higher) and 24% on other income.
How does the 183-day rule work for Singapore tax residency?
Foreigners who work or stay in Singapore for 183 days or more in a calendar year are considered tax residents and can claim personal tax reliefs.
Does Singapore tax capital gains or foreign dividends?
No. Singapore does not levy capital gains tax on investments or property flips. Foreign-sourced dividends and income remitted by individuals are generally exempt from tax.
What is the maximum personal tax relief cap in Singapore?
The total personal income tax relief you can claim is capped at S$80,000 per Year of Assessment.
How do Employment Pass (EP) holders pay income tax in Singapore?
EP holders are taxed as residents if employed for 183+ days. If leaving Singapore, employers must submit Form IR21 for tax clearance at least one month before departure.
Explore Singapore Tax
Trust & Transparency
Last Updated
2026-08-20
Educational Disclaimer
The tax information and calculators on this page are provided for educational and informational purposes only and do not constitute legal or tax advice. Tax laws change frequently. Refer to IRAS or consult a certified tax professional for official tax planning.
Calculation Methodology
Calculations strictly follow the IRAS progressive income tax schedule for Year of Assessment 2026. Chargeable income equals gross income minus allowable expenses and total personal tax reliefs (capped at S$80,000). Tax liability is calculated per bracket and reduced by statutory tax rebates.
Data Sources
- Inland Revenue Authority of Singapore (IRAS)
- Singapore Income Tax Act 1947
- Singapore Budget 2024 / 2025 / 2026 Guidelines
Privacy-First
All calculations are performed locally in your browser. No personal data is collected, stored, or transmitted to any server. Your financial information never leaves your device.
Official Authority
For the most accurate and up-to-date information, visit the official government tax authority:Inland Revenue Authority of Singapore (IRAS)
Country Tax Overview
