What is the Income Tax Rate in Singapore? Personal Tax Rates for
Resident/ Non Resident and Corporate Tax Rates in Singapore
Rate of Personal Taxes in Singapore
|
Income SGD |
Income Tax Rate % |
|
Income
upto 20000 |
0 |
|
20001-30000 |
2% |
|
30001-40000 |
3.5% |
|
40001-80000 |
7% |
|
80001-120000 |
11.5% |
|
120001-160000 |
15% |
|
160001-200000 |
17% |
|
200001-320000 |
20% |
|
320001 and Above |
20% |
|
Tax Rate on Capital Gain |
0 |
|
Tax on Income Earned
overseas |
0 |
|
Tax on Dividend Received
from overseas company |
0 |
Personal Tax Rate for Non Residents in Singapore
|
Description |
Income Tax Rate % |
|
Flat rate
of Tax |
15% |
Rate of Corporation Tax in Singapore
|
Income SGD |
Income Tax Rate % |
|
Corporate
Profit upto 300000 |
8.5% |
|
Corporate Profit above
300000 |
17% |
|
Tax on Capital Gain
accrued by the company |
0 |
|
Tax on Dividend
Distribution to shareholders |
0 |
|
Tax on Foreign Sourced
income not brought into Singapore |
0 |
|
Tax on Foreign Sourced
income brought into Singapore |
0%-17% on conditions |
Note: Taxes mentioned above are indicative only. Please check
from the particular department for accurate tax rate
PAN
Income Tax PAN FAQ, Answers & Guidance
Tax Audit
What is the turn over limit for tax audit? Who needs to get audited the
accounts under section 44AB?
Taxation on Charitable Trust and NGO
What is authority structure in case of Charitable Trust, Charitable Society,
Non Governmental Organizations (NGO), Section 25 Companies and other
exempted institutions?
What is the definition of Charitable Purpose? Section 2(15) of Income Tax
Act- Relief to poor, Education, Medical Relief, other public utility
services- Latest amendments
How to register with Income tax under Section 12A by NGO, Section 25
Company, Charitable Trust and Society? Is it necessary to Register?
What is approval u/s 80G(5)? Is it necessary for a charitable Institution?
How to apply for it? What is the use of approval u/s 80G(5) for Charitable
Trust, Charitable Society, Non Governmental Organizations (NGO), Section 25
Companies and other exempted institutions?
Is exemption of Income to NGO, Section 25 Company, Charitable Trust and
Society can forfeiture? Provision in Section 13 for forfeiture of Exemption
What is notification u/s 35(1)(ii)/(iii)? How to apply by scientific
research association, a university, college or other institutions? What is
the use?
What are the modes and forms of Investment specified u/s 11(5) in the case
of Charitable Trust, NGO, Charitable Society, Section 25 Companies and
Charitable entities
How Charitable Institutions are assessed for Income Tax? Accumulation of
surplus and utilization of NGO, Section 25 Company, Charitable Trust and
Society
Who are interested persons in the case of Charitable Trust, NGO, Charitable
Society, Section 25 Companies and Charitable entities? Who are relatives?
List of interested persons and relatives