Personal Tax for Singapore Residents
Different tax rates apply for tax residents and non-residents. Income tax rates depend on an individual’s tax residency status. You will be treated as a tax resident for the Year of Assessment (YA) if you are a:
- Singaporean; or
- Singapore Permanent Resident (SPR) if you have established your permanent home in Singapore; or
- Foreigner who stayed/worked in Singapore for 183 days or more in previous year (excludes director of a company)
Personal Tax for Foreigners in Singapore
For foreigners working in Singapore, the following conditions are also applicable for the taxability of their income in Singapore:
- If you work in Singapore for 60 days or less in a calendar year, you will be exempt from tax on your earnings in Singapore. This exemption does not apply to non-resident company directors, public entertainers, professionals including foreign experts, speakers, queen’s counsels, consultants, trainers, coaches etc.
- If you stay or work in Singapore for 61 to 182 days in a calendar year, your income will be taxed at flat rate of 15% or the progressive resident tax rates, whichever is a higher tax amount.
- If you stay or work in Singapore for 183 days or more in a calendar year, your income will be taxed at resident rates for individuals.
- If you stay or work in Singapore for a continuous period of at least 183 days over two years, your income will be taxed at resident rates for individuals.
- If you stay or work in Singapore for three consecutive years, your income for all years will be taxed at resident rates.
*Taxes on Director’s fee, Consultation fees and All Other Income
From YA 2017, the tax rates for non-resident individuals (except certain reduced final withholding tax rates) has been raised from 20% to 22% . This is to maintain parity between the tax rates of non-resident individuals and the top marginal tax rate of resident individuals.