Individual Tax Rates for Singapore Resident

Progressive Personal Tax in Singapore

Individual Tax Rates Table

The Individual Tax Rates range from 0% for income of not more than SGD20,000 to 22% for income of SGD320,000 and above. Below is the table showing the Progress Tax Rates in Singapore with effect from Year of Assessment 2017.

Year of Assessment 2017 Onwards

Chargeable IncomeIncome Tax Rate (%)Gross Tax Payable (SGD)
On the first 20,00000
On the next 10,0002200
On the first 30,000-200
On the next 10,0003.5350
On the first 40,000-550
On the next 40,00072,800
On the first 80,000-3,350
On the next 40,00011.54,600
On the first 120,000-7,950
On the next 40,000156,000
On the first 160,000-13,950
On the next 40,000187,200
On the first 200,000-21,150
On the next 40,000197,600
On the first 240,000-28,750
On the next 40,00019.57,800
On the first 280,000-36,550
On the next 40,000208,000
On the first 320,000-44,550
In excess of 320,00022

Year of Assessment 2013 to 2016

Chargeable IncomeIncome Tax Rate (%)Gross Tax Payable (SGD)
On the first 20,00000
On the next 10,0002200
On the first 30,000-200
On the next 10,0003.5350
On the first 40,000-550
On the next 40,00072,800
On the first 80,000-3,350
On the next 40,00011.54,600
On the first 120,000-7,950
On the next 40,000156,000
On the first 160,000-13,950
On the next 40,000176,800
On the first 200,000-20,750
On the next 120,0001821,600
On the first 320,000-42,350
In excess of 320,00020

Tax Rebate from Year of Assessment 2013 to 2017

Year of AssessmentRebate - Percentage of Tax PayableMaximum Rebate (Capping)
201330% for Individuals less than 60 Years Old
50% for Individuals 60 Years Old or more
SGD1,500
2014NilNil
201550%SGD1,000
2016NilNil
201720%SGD500
individual tax rates and tax relief

Personal Relief for Year of Assessment 2017 onwards - General Guide

Types of Personal ReliefBasic ConditionsSGD
Earned income relief- Under age 551,000
 - 55 to age 596,000
 - Age 60 and above8,000
Handicapped earned- Under age 554,000
income relief- 55 to age 5910,000
- Age 60 and above12,000
Spouse/handicapped spouse relief 2,000 / 5,500
Child/handicapped child relief- Qualifying child relief (each)4,000 / 7,500
Dependent parent/- Living with taxpayer in the same household (each parent)9,000 / 14,000
handicapped parent relief- Not living with taxpayer in the same household (each parent)5,500 /10,000
Handicapped sibling relief5,500
Course fee relief 5,500
CPF cash top-up relief- By self or employer to self's accountUp to 7,000
- To spouse, sibling, parents' and grandparents' accountUp to 7,000
Foreign maid levy- Without foreign domestic worker levy concessionUp to 6,360
 - With foreign domestic worker levy concessionUp to 1,920
Grandparent caregiver relief3,000
NSman relief- No in-camp training in previous year (non-key appointment holder)1,500
 - Attended in-camp training in previous year (non-key appointment holder)3,000
 - No in-camp training in previous year (key appointment holder)3,500
 - Attended in-camp training in previous year (key appointment holder)5,000
NSman (wife/parent) relief750
CPF relief- Age 50 and belowUp to 20,400
Supplementary Retirement- Singaporean/Singapore permanent residentUp to 15,300
Scheme (SRS) relief- ForeignerUp to 35,700

Our Company provide Corporate Tax, Individual Tax and GST Services. For Individual Tax, it includes Form IR8A and IR21 preparation and submission.

We are also familiar with the application of treaty exemption and tax credit under double taxation agreement. This includes the application of Certificate of Residence.

When making payments to foreigners or non-resident person/company, it is important to clarify whether you need to withhold any taxes. Always consult a tax specialist to confirm so that you avoid the penalty for failure to withhold tax.

Providing both Tax and Accounting Services to meet customers' needs. Accounting Service includes Financial Accounting, Management Accounting and Fund Accounting. Let us know your tax and accounting needs and we shall customize our services accordingly.

We Are Always Ready to Advise on the Applicable Singapore Tax Rates

Our individual tax consultant look forward to personal tax planning opportunities with you.

 

Tel: (+65) 6666 6666

Email: enquiry@accountingserviceprovider.com.sg

Individual Tax Return Filing and Tax Consultation