1. What is the personal tax rate in Singapore?
Resident individuals are taxed on a progressive tax rate basis starting at 0% and ending at 22% above S$320,000. Non-resident individuals are taxed at 15% or the progressive tax rates on the employment income, whichever results in a higher tax amount.
Taxes on Director’s fees, Consultation fees, and All Other Income will be at 22% with effect from Year of Assessment (YA) 2017 (except certain reduced final withholding tax rates).
2. What is the due date for personal income tax filing in Singapore?
The personal income tax filing deadline in Singapore is 15 April for paper filing and 18 April for online filing. Singapore follows a calendar year basis for personal taxes.
3. Who is considered a Singapore tax resident?
You are considered a tax resident of Singapore if you have stayed in Singapore for more than 183 days in the tax year and have earned an income in Singapore.
4. Who is liable to file a personal tax return in Singapore?
Every individual, both tax residents and non-tax residents are required to file a separate tax return every calendar year on all incomes including gains or profits from a trade or profession and earnings from employment.
If a non-tax resident is employed for less than 60 days. short term employment income is exempt from tax. The 60-day rule does not apply if you are a director of a company, a public entertainer or exercising a profession in Singapore.
