Singapore Income Tax Rates 2026: Personal and Corporate Tax
Singapore taxes resident individuals at progressive personal income tax rates and generally taxes companies at a flat corporate income tax rate of 17%. Tax treatment depends on factors such as tax residency, the nature and source of income, available exemptions and the relevant Year of Assessment (YA).
Singapore Resident Individual Income Tax Rates - YA 2026
Singapore tax resident individuals are taxed progressively. Only the portion of chargeable income falling within a particular band is taxed at that band's rate.
| Chargeable income (SGD) | Tax rate | Gross tax at top of band |
|---|---|---|
| First $20,000 | 0% | $0 |
| Next $10,000 | 2% | $200 on first $30,000 |
| Next $10,000 | 3.5% | $550 on first $40,000 |
| Next $40,000 | 7% | $3,350 on first $80,000 |
| Next $40,000 | 11.5% | $7,950 on first $120,000 |
| Next $40,000 | 15% | $13,950 on first $160,000 |
| Next $40,000 | 18% | $21,150 on first $200,000 |
| Next $40,000 | 19% | $28,750 on first $240,000 |
| Next $40,000 | 19.5% | $36,550 on first $280,000 |
| Next $40,000 | 20% | $44,550 on first $320,000 |
| Next $180,000 | 22% | $84,150 on first $500,000 |
| Next $500,000 | 23% | $199,150 on first $1,000,000 |
| In excess of $1,000,000 | 24% | 24% on the excess |
A person's tax residency status is important. Broadly, Singapore citizens and permanent residents who reside in Singapore are tax residents, while qualifying rules also apply to foreigners based on their period of stay or work in Singapore.
Official IRAS source: Individual Income Tax ratesPersonal Income Tax Rates for Non-Residents in Singapore
| Type of income | Current tax treatment |
|---|---|
| Employment income | 15% or the progressive resident tax rates, whichever results in the higher tax amount |
| Director's fees, consultation fees and other income | Generally 24%, except income subject to specific reduced withholding-tax rates |
Non-residents are generally taxed on income earned in Singapore and are not entitled to personal reliefs. A qualifying non-resident whose Singapore employment lasts 60 days or less in a year may be exempt from tax on short-term employment income, subject to statutory exceptions.
Official IRAS source: Working out tax residencySingapore Corporate Income Tax Rate - YA 2026
Singapore companies, whether local or foreign, are generally taxed at a flat rate of 17% of chargeable income. The former presentation of an 8.5% rate on the first $300,000 is not the current statutory corporate tax rate. Effective tax can be lower where a company qualifies for tax exemptions, rebates or incentives.
| Corporate tax item | YA 2026 treatment |
|---|---|
| Headline corporate income tax rate | 17% of chargeable income |
| YA 2026 Corporate Income Tax rebate | 40% of corporate tax payable, subject to the applicable IRAS rules for YA 2026 |
| Qualifying new start-up companies | Tax exemption scheme may apply for the first 3 consecutive YAs, subject to eligibility conditions |
| Other qualifying companies | Partial tax exemption may apply, subject to the prevailing conditions |
Under the start-up tax exemption scheme applicable where any of the first three YAs falls in or after YA 2020, a qualifying company may receive a 75% exemption on the first $100,000 of normal chargeable income and a 50% exemption on the next $100,000, subject to the statutory conditions.
Official IRAS source: Corporate Income Tax rate, rebates and exemption schemesAre Capital Gains Taxable in Singapore?
Singapore generally does not tax gains that are capital in nature. For individuals, gains from the sale of property, shares and financial instruments are generally not taxable when they arise from personal investments. However, gains can be taxable where the activity is regarded as a trade or where the gain is revenue in nature.
For companies, capital gains such as gains on the sale of fixed assets are generally not taxable. Nevertheless, gains arising from trading or other revenue transactions can be taxable, and specific statutory provisions may apply to particular disposals.
Official IRAS source: Individual gains from property, shares and financial instrumentsOfficial IRAS source: Taxable and non-taxable corporate income
Foreign-Sourced Income and Overseas Income
For individuals, income earned in or derived from Singapore is generally taxable. Overseas income received in Singapore by a resident individual is generally exempt, except in specified circumstances, including certain income received through a Singapore partnership.
For companies, foreign income is generally taxable when received in Singapore, while income arising from a trade or business carried on in Singapore may be taxable on accrual. Singapore tax resident companies may qualify for exemptions on specified foreign-sourced dividends, foreign branch profits and foreign-sourced service income when the statutory conditions are satisfied. Foreign tax credits may also be available to relieve double taxation.
Official IRAS source: Companies receiving foreign incomeTax on Dividends in Singapore
Dividends paid by a Singapore resident company under Singapore's one-tier corporate tax system are generally not taxable in the hands of shareholders, subject to the applicable rules. Foreign dividends received in Singapore by resident individuals are also generally not taxable, except in specified circumstances such as dividends received through a Singapore partnership.
Official IRAS source: Tax treatment of dividendsOfficial Singapore Income Tax Resources
Tax rates, exemptions and administrative concessions can change. For filing, tax computations and decisions affecting a particular taxpayer, verify the current position with the Inland Revenue Authority of Singapore.