1.35° N · 103.82° E
Singapore Tax Guide
AsiaLast verified June 2026Territorial system
- Top income tax
- 24%
- Capital gains
- 0%
- Corporate
- 17%
- VAT / GST
- 9%
- Residency test
- 183 days
Progressive 0-24% from YA 2024
In short
- Singapore pairs a 24% top rate and territorial taxation with top-tier safety, healthcare, schools and the fastest internet in the world.
- No newcomer tax regime: the standard rates above apply to new residents.
- Watch out: Rents and car ownership are extremely expensive, and residency is almost entirely tied to high-salary employment or very large investments.
Verified June 2026 · 3 sources
Recent changes
No changes logged since the last full verification.
Full change logBest for
- Zero capital gains
No CGT on investment, property, or crypto disposals (subject to "investor" classification).
- Foreign income exempt
Territorial system — overseas income generally outside the local tax net.
- No wealth tax
No annual tax on net worth or assets.
- No inheritance tax
Estate and lifetime transfers not subject to inheritance tax.
- Crypto-friendly
0% CGT plus favorable foreign-income treatment make this strong for crypto holders.
Personal Income Tax
Residency, rates, foreign income, capital gains, wealth and inheritance, special regimes+
Personal Income Tax
Residency, rates, foreign income, capital gains, wealth and inheritance, special regimesTax 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. NOR scheme ended after YA 2024 — no longer available to new entrants. Various reliefs for CPF, SRS, family support. Foreign-sourced income remitted to Singapore generally exempt under territorial principle with specified conditions.
Business & Corporate Tax
Corporate rate, withholding, VAT, substance, Pillar Two and treaties+
Business & Corporate Tax
Corporate rate, withholding, VAT, substance, Pillar Two and treatiesCorporate Income Tax
Withholding Taxes
VAT / GST
Compliance & Substance
Notable Regimes
- Pioneer Certificate incentives
- Development and Expansion Incentive
- IP regime
OECD Pillar Two (15% global minimum tax)
Multinational Enterprise (Minimum Tax) Act 2024. QDMTT and IIR live from FY starting 1 Jan 2025. UTPR consultation pending.
See full implementation trackerTax Treaty Network
No US tax treaty — a long-standing gap that has shaped Singapore's competitive positioning vs Hong Kong. UK treaty in force, extensive Asia-Pacific network.
See full treaty matrixBeyond tax
Living in Singapore
Singapore pairs a 24% top rate and territorial taxation with top-tier safety, healthcare, schools and the fastest internet in the world.
- Expat hub
- Singapore
- Monthly budget
- ~$5,500
- Climate
- Tropical, 28°C
- Time zone
- UTC+8
- Tax85
- Cost of living$$$$$
- Safety92
- Healthcare93
- English98
- Internet345 Mbps
- Warm climate100
- Residency access30
- Scores 0-100, higher is better. Editorial composite ratings; see method.
Ways to get residency
- Employment PassJob offer with salary of at least S$5,600/month (higher with age and in financial services; rising to S$6,000 from 2027)
- ONE PassFixed monthly salary of at least S$30,000, or outstanding achievements
- Global Investor ProgrammeVery large business or fund investment for established entrepreneurs and family offices
Watch out: Rents and car ownership are extremely expensive, and residency is almost entirely tied to high-salary employment or very large investments.
See how Singapore ranks for remote workers, retirees and familiesData Sources
Last verified: June 2026. Always check official sources before making a decision.
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
US citizen moving to Singapore? Read this first.
Singapore uses a territorial system for foreign income. For US citizens this often combines well with FEIE.
- •Foreign-source income may be exempt or only taxed on remittance in Singapore, but the US still taxes US citizens worldwide. FEIE (~$130k earned income) plus FTC on any Singapore tax paid is the standard combination.
- •Self-employment tax (15.3%) is owed in full — Singapore has no totalization agreement with the US.
- •Carefully document whether income is "Singapore-source" or foreign-source. The classification drives both Singapore and US tax outcomes; getting it wrong is the #1 audit risk in this category.
- •Residency requires 183 days. Special regimes may further reduce Singapore tax — check the country page for current options.
The Atlas · membership by intake
Is Singapore right for you? Get a plan built around you.
Answer 12 quick questions and the Atlas builds your personal dossier: whether Singapore actually fits you, where your company should sit, the regimes you could qualify for and the traps for your situation.
Want Singapore rate alerts?
Get the 2026 cheat sheet (all jurisdictions, one page) plus an email when Singapore changes its tax rates or residency rules.
No spam. One email when rates materially change. Unsubscribe in one click.
Related on TaxAtlas
- Is this the right country for you?4-question quiz scores 53 countries against your situation
- 2026 Global Tax Cheat SheetSide-by-side comparison of all 53 jurisdictions
- 2026 international tax changesRecent updates affecting jurisdictions like this one
- Get help with a Singapore moveRequest a response within 1–2 business days