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What is the Income Tax Rate in Singapore? Personal Tax Rates for Resident/ Non Resident and Corporate Tax Rates in Singapore

 

Rate of Personal Taxes in Singapore


 

 

 

Income SGD

Income Tax Rate %

Income upto 20000

0
20001-30000 2%
30001-40000 3.5%
40001-80000 7%
80001-120000 11.5%
120001-160000 15%
160001-200000 17%
200001-320000 20%
320001 and Above 20%
Tax Rate on Capital Gain 0
Tax on Income Earned overseas 0
Tax on Dividend Received from overseas company 0

 

Personal Tax Rate for Non Residents in Singapore

Description

Income Tax Rate %

Flat rate of Tax

15%

 

Rate of Corporation Tax in Singapore

Income SGD

Income Tax Rate %

Corporate Profit upto 300000

8.5%
Corporate Profit above 300000 17%
Tax on Capital Gain accrued by the company 0
Tax on Dividend Distribution to shareholders 0
Tax on Foreign Sourced income not brought into Singapore 0
Tax on Foreign Sourced income brought into Singapore 0%-17% on conditions

 

Note: Taxes mentioned above are indicative only. Please check from the particular department for accurate tax rate

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