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You are here: Home / Learning Centre / Singapore Corporate & Personal Taxation / Singapore Personal Tax 2023

Singapore Personal Tax 2023

All income earned in Singapore is subject to tax. However, the country has one of the most attractive personal income tax rates in the world.

Singapore Personal Tax

Personal Income Tax Rates

The rates vary for resident individuals and non-resident individuals.

Personal Income Tax Rates for Singapore Tax Residents

Tax residents are:

  • Singaporeans residing in Singapore
  • Singapore Permanent Residents who are residing in Singapore
  • Foreigners staying in Singapore for 183 days or more in the year before the YA.

The tax rates for residents are as follows:

INDIVIDUAL TAX RATES OF TAX FOR YEAR 2022 (YEAR OF ASSESSMENT 2023)
Chargeable Income Income Tax Rate (%) Gross Tax Payable ($)
On the first
On the next
20,000
10,000
0
2
0
200
On the first
On the next
30,000
10,000
–
3.5
200
350
On the first
On the next
40,000
40,000
–
7
550
2,800
On the first
On the next
80,000
40,000
–
11.5
3,350
4,600
On the first
On the next
120,000
40,000
–
15
7,950
6,000
On the first
On the next
160,000
40,000
–
18
13,950
7,200
On the first
On the next
200,000
40,000
–
19
21,150
7,600
On the first
On the next
240,000
40,000
–
19.5
28,750
7,800
On the first
On the next
280,000
40,000
–
20
36,550
8,000
On the first
In excess of
320,000
320,000
–
22
44,550

In addition, tax residents enjoy tax savings through tax reliefs, donations to IPCs (Institutions of Public Character), and certain expenses relating to employment and business spending.

Singapore Personal Tax Rates for Non-residents

An individual is considered a non-resident for tax purposes if he is a foreigner who stayed or worked in Singapore for less than 183 days in the tax year.

As a non-resident:

  • 0 – 60 days – Employment income is tax exempt if the individual is here on short-term employment for 60 days or less in a year. This exemption does not apply to a director of a company, a public entertainer, or individuals exercising a profession in Singapore.
  • 61 – 182 days – The individual is taxed on all income earned in Singapore (no personal reliefs apply). Income is taxed at 15% or the progressive resident rate, whichever gives rise to a higher tax amount.
  • Director fees, consultant fees, and all other incomes are taxed at 20%.

File Your Taxes Now!

SCI can help you file your online personal income taxes promptly, and with ease. Reach out to our tax team now.

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