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 Income | Income Tax Rate (%) | Gross Tax Payable (SGD) |
| On the first 20,000 | 0 | 0 |
| On the next 10,000 | 2 | 200 |
| On the first 30,000 | - | 200 |
| On the next 10,000 | 3.5 | 350 |
| On the first 40,000 | - | 550 |
| On the next 40,000 | 7 | 2,800 |
| On the first 80,000 | - | 3,350 |
| On the next 40,000 | 11.5 | 4,600 |
| On the first 120,000 | - | 7,950 |
| On the next 40,000 | 15 | 6,000 |
| On the first 160,000 | - | 13,950 |
| On the next 40,000 | 18 | 7,200 |
| On the first 200,000 | - | 21,150 |
| On the next 40,000 | 19 | 7,600 |
| On the first 240,000 | - | 28,750 |
| On the next 40,000 | 19.5 | 7,800 |
| On the first 280,000 | - | 36,550 |
| On the next 40,000 | 20 | 8,000 |
| On the first 320,000 | - | 44,550 |
| In excess of 320,000 | 22 |
Year of Assessment 2013 to 2016
| Chargeable Income | Income Tax Rate (%) | Gross Tax Payable (SGD) |
| On the first 20,000 | 0 | 0 |
| On the next 10,000 | 2 | 200 |
| On the first 30,000 | - | 200 |
| On the next 10,000 | 3.5 | 350 |
| On the first 40,000 | - | 550 |
| On the next 40,000 | 7 | 2,800 |
| On the first 80,000 | - | 3,350 |
| On the next 40,000 | 11.5 | 4,600 |
| On the first 120,000 | - | 7,950 |
| On the next 40,000 | 15 | 6,000 |
| On the first 160,000 | - | 13,950 |
| On the next 40,000 | 17 | 6,800 |
| On the first 200,000 | - | 20,750 |
| On the next 120,000 | 18 | 21,600 |
| On the first 320,000 | - | 42,350 |
| In excess of 320,000 | 20 |
Tax Rebate from Year of Assessment 2013 to 2017
| Year of Assessment | Rebate - Percentage of Tax Payable | Maximum Rebate (Capping) |
| 2013 | 30% for Individuals less than 60 Years Old 50% for Individuals 60 Years Old or more |
SGD1,500 |
| 2014 | Nil | Nil |
| 2015 | 50% | SGD1,000 |
| 2016 | Nil | Nil |
| 2017 | 20% | SGD500 |
Personal Relief for Year of Assessment 2017 onwards - General Guide
| Types of Personal Relief | Basic Conditions | SGD |
| Earned income relief | - Under age 55 | 1,000 |
| - 55 to age 59 | 6,000 | |
| - Age 60 and above | 8,000 | |
| Handicapped earned | - Under age 55 | 4,000 |
| income relief | - 55 to age 59 | 10,000 |
| - Age 60 and above | 12,000 | |
| 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 relief | 5,500 | |
| Course fee relief | 5,500 | |
| CPF cash top-up relief | - By self or employer to self's account | Up to 7,000 |
| - To spouse, sibling, parents' and grandparents' account | Up to 7,000 | |
| Foreign maid levy | - Without foreign domestic worker levy concession | Up to 6,360 |
| - With foreign domestic worker levy concession | Up to 1,920 | |
| Grandparent caregiver relief | 3,000 | |
| 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) relief | 750 | |
| CPF relief | - Age 50 and below | Up to 20,400 |
| Supplementary Retirement | - Singaporean/Singapore permanent resident | Up to 15,300 |
| Scheme (SRS) relief | - Foreigner | Up 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.
Whether you are incorporating a new company or striking off an existing company, we will be there to assist you.
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 support our clients on related services including Monthly Payroll and Payslip as well as CPF Contribution Transmission to CPF Board.
We Are Always Ready to Advise on the Applicable Singapore Tax Rates
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