Singapore Tax Guide
This page includes citations to the sources used for this entry. Always verify with official sources before making decisions.
Personal Income Tax
Tax Residency
Income Tax Rates
Foreign Income Treatment
Investment Income
No capital gains tax for individuals
Wealth & Inheritance
Special Regimes
Practical Notes
Tax relief cap of S$80,000. Various reliefs for CPF, SRS, family support. No tax on foreign dividends remitted.
Business & Corporate Tax
Corporate Income Tax
Withholding Taxes
VAT / GST
Compliance & Substance
Notable Regimes
- Pioneer Certificate incentives
- Development and Expansion Incentive
- IP regime
Data Sources
Last updated: January 2025. Always verify with official sources before making decisions.
FAQ
What is the personal income tax rate in Singapore?
Singapore has a top personal income tax rate of 24%. The tax structure is: Progressive 0-24% from YA 2024. See the detailed breakdown above and verify with official sources.
Do I need to pay tax on foreign income in Singapore?
Singapore uses a territorial system for foreign income. Foreign-sourced income not taxed unless received in Singapore (with exceptions)
What are the residency requirements for Singapore?
Tax residency in Singapore generally requires 183 days of physical presence. 183 days in a year, or 3 consecutive years, or continuous straddling 2 years. Always verify current rules with official sources.
Is there a wealth tax in Singapore?
No, Singapore does not have a wealth tax. No wealth tax
What is the corporate tax rate in Singapore?
The corporate tax rate in Singapore is 17%. 17% headline rate; partial exemption on first S$200,000 of chargeable income