Singapore - Individual - Taxes on personal income

Non-resident individuals are taxed at a flat rate of 22% (24% from year of assessment 2024), except that Singapore employment income is taxed at ... Success!Yourmessagehasbeensent. × Error!Yourmessagewasnotsent.Pleasetryagain. × CW ChrisWooley WWTSOperationsDirector PleasecontactforgeneralWWTSinquiriesandwebsitesupport. Name Email Subject Message Bysubmittingyouremailaddress,youacknowledgethatyouhavereadthePrivacyStatementandthatyouconsenttoourprocessingdatainaccordancewiththePrivacyStatement. 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Residentindividualsareentitledtocertainpersonalallowancesandaresubjecttograduatedtaxratesrangingfrom0%to22%(24%fromyearofassessment2024).Non-residentindividualsarenotentitledtoanypersonalallowancesandaresubjecttotaxataflatrateof22%(24%fromyearofassessment2024).Asaconcession,employmentincomeofnon-residentsistaxedatthehigherofaflatrateof15%orthegraduatedresidentrateswithpersonalallowances.Thisconcessiondoesnotapplytonon-residentdirectors. Personalincometaxrates Residents Aresidentindividual'staxableincome(aftersetoffofpersonalallowances)issubjecttoincometaxatprogressiverates.Currentratesfortheyearsofassessment2022to2024(incomeyears2021to2023)areshownbelow. Taxableincome(SGD*) Yearsofassessment2022and2023 Yearofassessment2024 Over(column1) Notover Taxoncolumn1(SGD) Percentageonexcess(%)  Taxoncolumn1(SGD) Percentageonexcess(%)  0 20,000 - - - - 20,000 30,000 - 2.00 - 2.00 30,000 40,000 200 3.50 200 3.50 40,000 80,000 550 7.00 550 7.00 80,000 120,000 3,350 11.50 3,350 11.50 120,000 160,000 7,950 15.00 7,950 15.00 160,000 200,000 13,950 18.00 13,950 18.00 200,000 240,000 21,150 19.00 21,150 19.00 240,000 280,000 28,750 19.50 28,750 19.50 280,000 320,000 36,550 20.00 36,550 20.00 320,000 500,000  44,550 22.00 44,550 22.00 500,000 1,000,000 84,150 22.00 84,150 23.00 1,000,000 194,150 22.00 199,150 24.00 *Singaporedollars Non-residents Non-residentindividualsaretaxedataflatrateof22%(24%fromyearofassessment2024),exceptthatSingaporeemploymentincomeistaxedataflatrateof15%oratresidentrateswithpersonalreliefs,whicheveryieldsahighertax.Anon-residentdirector’sremunerationdoesnotqualifyforthereducedrate,andwithholdingtax(WHT)at22%(24%fromyearofassessment2024)mustbedeductedfromremunerationpaidtoanon-residentdirector. Localincometaxes TherearenoothertaxesonincomeinSingapore. Individual-Significantdevelopments Individual-Residence PrintCurrentPage PrintCorporateTaxSummary PrintIndividualTaxSummary Contacts News Print Search Singaporecontacts ChrisWoo TaxLeader,PwCSingapore +6591180811 PaulLau TaxPartner,PwCSingapore +6588698718 SukPengDing TaxPartner,PwCSingapore +6597294016 PwCSingapore Taxservicesandpublications TOP