What Income Is Taxable in Singapore?
All Singapore-sourced income is subject to personal income tax — see our full breakdown of taxable and non-taxable income. This includes:
- Employment income (salary, bonuses, allowances, benefits-in-kind)
- Business or trade income
- Rental income from Singapore properties
- Investment income sourced in Singapore (interest, certain dividends)
- Director's fees
Foreign-sourced income — including overseas employment income, dividends from foreign companies, and foreign rental income — has generally been exempt from Singapore personal income tax since 1 January 2004, provided it is not received through a Singapore partnership. See Singapore tax treatment of income earned overseas for the detailed rules.
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Who Qualifies as a Singapore Tax Resident?
You are a tax resident for a Year of Assessment if you are:
- A Singapore citizen or Permanent Resident (PR), or
- A foreigner who worked in Singapore for 183 days or more in the preceding calendar year, or
- A foreigner on a continuous employment contract spanning two consecutive years, with at least 183 days spent in Singapore in the second year
Tax residents benefit from progressive tax rates, personal reliefs, and rebates. Non-residents are taxed at flat rates with no access to reliefs.
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Singapore Resident Personal Income Tax Rates (YA2026)
YA2026 covers income earned from 1 January to 31 December 2025.
Singapore uses a progressive tax system — you pay the higher rate only on the income above each threshold, not on your total income. The current top marginal rate is 24%, applicable to chargeable income above S$1,000,000. The full rate table is published by the Inland Revenue Authority of Singapore (IRAS).
Important: The 23% and 24% bands were introduced effective YA2024 under Singapore Budget 2022. Prior to YA2024, the top rate was 22%.
Worked Example
An individual with chargeable income of S$120,000 in 2025 (after reliefs) would pay:
- S$0 on the first S$20,000
- S$200 on the next S$10,000 (2%)
- S$350 on the next S$10,000 (3.5%)
- S$2,800 on the next S$40,000 (7%)
- S$4,600 on the last S$40,000 (11.5%)
- Total: S$7,950 — an effective rate of approximately 6.6%
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Non-Resident Tax Rates
Non-residents pay flat rates and cannot claim personal reliefs:
- Employment income: 15% flat, or resident rates without reliefs — whichever is higher
- Director's fees: 24%
- Consultancy fees and other income: 24%
60-day exemption: Foreigners who are physically present in Singapore for 60 days or fewer in a calendar year are exempt from Singapore income tax on their Singapore-sourced employment income.
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Key Tax Reliefs for Residents (YA2026)
Tax reliefs directly reduce your chargeable income before tax is calculated. The total personal reliefs cap is S$80,000 per YA. See our full guide on Singapore income tax deductions. Common reliefs include:
- Earned Income Relief — Up to S$8,000 (higher for individuals aged 55 and above)
- CPF Cash Top-Up Relief — Up to S$16,000 (covering top-ups to your own and family members' CPF accounts)
- SRS Contributions Relief — Up to S$15,300 for Singapore citizens and PRs; S$35,700 for foreigners
- Parent Relief / Handicapped Parent Relief — S$5,500 to S$14,000 per qualifying parent or grandparent
- Working Mother's Child Relief (WMCR) — 15% to 25% of earned income per qualifying child
- Course Fees Relief — Up to S$5,500 per year for approved courses
- Life Insurance Relief — Up to S$5,000 (where your own CPF contributions are below S$5,000)
- NSman Relief — For eligible NSmen, their wives, and mothers
YA2026 change: From YA2026, MediSave top-ups matched under the MediSave Matched Retirement Scheme (MMRS) no longer qualify for tax relief. Only unmatched cash top-ups to CPF Special, Retirement, or MediSave accounts retain the CPF Cash Top-Up Relief.
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Filing Deadlines for YA2026
- e-Filing via myTax Portal: 18 April 2026
- Paper filing: 15 April 2026
Most employees whose employers participate in the Auto-Inclusion Scheme (AIS) have their employment income pre-filled by IRAS. You still need to log in to myTax Portal, review the pre-filled figures, add any additional income sources, claim reliefs, and submit.
Which Tax Form Do You Need?
- Form B1 — Employed tax residents with no trade or business income
- Form B — Self-employed individuals, or those with business income in addition to employment
- Form M — Non-tax residents
Filing is done at mytax.iras.gov.sg using your Singpass.
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After You File: Notice of Assessment
IRAS issues a Notice of Assessment (NOA) between May and September each year. The NOA states your assessed chargeable income and the tax payable.
From the date of your NOA, you have 30 days to either:
- Pay the tax assessed, or
- File an objection if you believe the assessment is incorrect (include supporting documents)
Late payment incurs a 5% penalty on the outstanding balance. Accepted payment channels include GIRO, PayNow (NRIC), internet banking, and AXS machines.
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Tax Clearance for Departing Non-Citizens
If a non-citizen employee is leaving Singapore or ceasing employment, you as the employer must:
- File Form IR21 at least one month before the employee's departure or last day
- Withhold the employee's salary and any gratuity until IRAS confirms tax clearance is granted
Failure to comply makes the employer personally liable for any tax owed by the departing employee.
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Frequently Asked Questions
Are Singapore dividends taxable?
Dividends paid by Singapore-resident companies under the one-tier tax system are exempt in the hands of shareholders — no further tax is payable when you receive them.
Is CPF income taxable?
No. Both employee and employer CPF contributions, and interest earned within your CPF account, are exempt from personal income tax.
Must I declare rental income from my Singapore property?
Yes. Rental income is taxable. You may deduct property tax paid, mortgage interest, maintenance fees, and depreciation of furniture and fittings.
What if I worked abroad for part of the year?
Income attributable to work performed entirely outside Singapore may be exempt from Singapore tax, subject to IRAS's concession rules. Keep a clear record of your travel dates and the portion of your duties performed overseas.
What about my company's corporate income tax?
Company tax is filed separately — see our guide on how to file corporate income tax in Singapore.
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Related Guides
Personal tax basics
- Singapore Tax Rates and Deduction
- Taxable and Non-Taxable Income
- Singapore Income Tax Deductions
Specific situations
- Singapore Tax Treatment of Income Earned Overseas
- Singapore Tax Treatment of Employee Benefits
- Filing IR21 Tax Clearance for SPR / Foreign Employees
- Requesting a Notice of Assessment
Related
- What is the Year of Assessment (YA)?
- How to File Corporate Income Tax in Singapore