Singapore Personal Tax Rates
Singapore’s Personal Income Tax structure is one of the friendliest and most competitive in the world. The tax year is from 1 January to 31 December in each calendar year and income is assessed on a preceding year basis. Singapore Tax adopts a progressive personal tax rates, relative to an individual’s amount of income. This [...]
What is the individual taxation scheme for non-residents?
Non-residents are taxed at a flat rate of 15%.
How are fringe benefits taxed?
Employer-provided fringe benefits are taxed in the employee’s hands. As a number of benefits are taxed on a concessionary basis in Singapore, it is possible to reduce an individual’s tax liability through appropriate structuring of his/her remuneration package.
What is the annual set date for filing individual / personal income tax in Singapore?
Due date for filing individual taxes is 15 April each year. Late filing or failure to file could incur penalties.
What is the Singapore income tax rate?
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, relief’s and rebates. Chargeable Income (S$) Rate (%) Gross Tax [...]
What are the personal taxes I will have to pay based on my declared salary?
Singapore Personal income tax rates follow a progressive pattern where the rate ranges from 0%-20%. The maximum tax rate, for income above $320,000, has been reduced over time and has reached the present rate of 20%. For a more information, please read .
What are the capital gains tax rates in Singapore?
Singapore DOES NOT have a Capital Gains tax.
What is the Stamp Duty Tax for Property Transfer in Singapore?
Value of property Rate (%) First S$180,000 1.0 Next S$180,000 2.0 Thereafter 3.0
Tax Rates for Companies for Year of Assessment 2009
What is the tax Rates for Companies for Year of Assessment 2009 and for those who do not qualify for the New Start up exemption rates? Amount of chargeable income Effective tax rate First S$10,000 4.5% Next S$290,000 8.5% In excess of S$300,000 17%
Singapore has 3rd lowest corporate tax rate in Asia-Pacific
The global economic slow down has prompted governments across the world to reassess their tax policies. Invariably the tax authorities have expanded the tax base by introduction of indirect taxes or by increasing the rates. At the least this year’s budget did not include any significant slash in corporate tax rates in Europe, the US [...]
