Individual Tax
The amount of tax an individual must pay depends on his or her tax residency status. In Singapore, the following individuals are considered to be tax residents of the country:
- Singapore citizens
- Singapore permanent residents
- Any foreigner who has worked or stayed in Singapore for 183 days or more
Your chargeable income is the amount remaining after deducting from your assessable income the personal reliefs to which you are entitled. From the Year of Assessment 2018, the total amount of reliefs you can claim is subject to an overall relief cap of $80,000. If you are a resident in Singapore, the rates of tax chargeable are as follows:
| Chargeable Income ($) | Rate (%) | Gross Tax Payable ($) | |
|---|---|---|---|
| On the first | 20,000 | 0 | 0 |
| On the next | 10,000 | 2.0 | 200 |
| On the first | 30,000 | 200 | |
| On the next | 10,000 | 3.5 | 350 |
| On the first | 40,000 | 550 | |
| On the next | 40,000 | 7.0 | 2,800 |
| On the first | 80,000 | 3,350 | |
| On the next | 40,000 | 11.5 | 4,600 |
| On the first | 120,000 | 7,950 | |
| On the next | 40,000 | 15 | 6,000 |
| On the first | 160,000 | 13,950 | |
| On the next | 40,000 | 18 | 7,200 |
| On the first | 200,000 | 21,150 | |
| On the next | 40,000 | 19 | 7,600 |
| On the first | 240,000 | 28,750 | |
| On the next | 40,000 | 19.5 | 7,800 |
| On the first | 280,000 | 20 | 8,000 |
| On the next | 40,000 | 44,550 | |
| On the first | 320,000 | 22 |
Non-Resident Status
A non-resident is an individual who has stayed or worked in the country for under 183 days. Non-residents must pay taxes at the following rates:
| Number of days in Singapore | Tax rate |
|---|---|
| 60 days or fewer | 0% |
| 61-182 days | Flat rate of 15% OR A progressive tax rate capped at 22%–whichever results in the higher amount |
Filing Taxes
Similar to corporate income taxes, individuals must file taxes every year with the Inland Revenue Authority of Singapore (IRAS). There are two deadlines to file individual income taxes:
- E-filing deadline: April 18
- Paper filing deadline: April 15
- Form B1 – Employed individuals
- Form B – Self-employed individuals
- Form M – Non-resident individuals
If taxes are not paid within 30 days, IRAS will issue a penalty currently at 5%.
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