How income tax works in Singapore
Singapore income tax applies to income accrued in or derived from Singapore. For individuals, employment income, business income, rent, interest and many other items can be taxable, while foreign income received in Singapore is generally not taxable except in specific circumstances.
Resident individuals pay progressive rates from 0% to 24% for YA 2026, and non-residents are generally taxed at 24%. Non-resident employment income can be taxed at the higher of 15% or the resident computation with reliefs, while non-resident directors do not get that concession. Singapore citizens and permanent residents also usually have CPF payroll contributions, while foreign employees do not.
Income tax brackets in Singapore
| Bracket | Rate | Notes |
|---|---|---|
| First SGD 20,000 | 0% | Resident individuals have no tax on the first band. |
| SGD 20,001 to SGD 30,000 | 2% | Tax on this band is SGD 200. |
| SGD 30,001 to SGD 40,000 | 3.5% | Tax on this band is SGD 350. |
| SGD 40,001 to SGD 80,000 | 7% | Tax on this band is SGD 2,800. |
| SGD 80,001 to SGD 120,000 | 11.5% | Tax on this band is SGD 4,600. |
| SGD 120,001 to SGD 160,000 | 15% | Tax on this band is SGD 6,000. |
| SGD 160,001 to SGD 200,000 | 18% | Tax on this band is SGD 7,200. |
| SGD 200,001 to SGD 240,000 | 19% | Tax on this band is SGD 7,600. |
| SGD 240,001 to SGD 280,000 | 19.5% | Tax on this band is SGD 7,800. |
| SGD 280,001 to SGD 320,000 | 20% | Tax on this band is SGD 8,000. |
| SGD 320,001 to SGD 500,000 | 22% | Tax on this band is SGD 39,600. |
| SGD 500,001 to SGD 1,000,000 | 23% | Tax on this band is SGD 115,000. |
| Above SGD 1,000,000 | 24% | Top resident marginal rate from YA 2024 onward. |
Tax rates at a glance
- Resident income tax
- 0% - 24%Progressive
- Non-resident income tax
- 24%
- Employment concession
- 15% or resident rates
- Foreign income
- 0% / limited exceptions
- CPF employee
- 20%
- CPF employer
- 17%
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
Remote foundersHigh earnersInvestorsDigital nomadsEmployees
Watch out for
- Singapore does not have a personal wealth tax or a separate capital gains tax, but gains can still be taxable if they look like trading income rather than personal investment profit.
- Payroll CPF is material for Singapore citizens and permanent residents, and the contribution rates for employees above 55 to 65 rise again from 1 January 2027.
- Many taxpayers are under No-Filing Service or Direct Notice of Assessment in YA 2026, but you still need to file if your income thresholds or self-employment income require it.
Frequently asked questions
Do expats pay income tax in Singapore?
Yes, if they have taxable Singapore-sourced income. Residents pay progressive rates and non-residents are generally taxed at 24%, with a limited concession for non-resident employment income.
Is foreign income taxed in Singapore?
For individuals, foreign income received in Singapore is generally not taxable except in certain cases, such as some income received through a Singapore partnership.
Do Singapore salaries have payroll deductions?
Singapore citizens and permanent residents usually have CPF contributions deducted through payroll. Foreign employees generally do not have CPF, but employers still need to watch tax clearance and other employment rules.