Singapore Tax Rates 2026

Current Singapore tax rates for individuals and companies, including resident and non-resident personal income tax, corporate income tax, capital gains, withholding tax, GST, tax residence, exemptions and filing deadlines.

Updated: 3 September 2026. Singapore generally assesses income on a preceding-year basis, so the relevant Year of Assessment should always be checked.

Singapore resident individual income tax rates

Singapore tax-resident individuals are taxed at progressive rates. From Year of Assessment 2024 onward, the highest marginal personal income tax rate is 24%.

Resident individuals may claim qualifying deductions, donations and personal reliefs. The final tax payable therefore depends on chargeable income after allowable deductions and reliefs.

Tax residence of individuals

An individual may be treated as a Singapore tax resident under IRAS rules where, among other situations, the individual is a Singapore Citizen or Singapore Permanent Resident who normally resides in Singapore, or a foreigner who stays or works in Singapore for at least 183 days in a calendar year. Special administrative residence rules may also apply to qualifying continuous periods spanning multiple years.

Singapore tax residents are generally taxed on income earned in Singapore. Foreign-sourced income received in Singapore by individuals is generally exempt, subject to limited exceptions such as certain income received through Singapore partnerships.

Non-resident individual tax

Non-resident employment income is generally taxed at 15% or at resident rates, whichever produces the higher tax. Personal reliefs are not available to non-residents.

From YA 2024 onward, remuneration including director's fees received by a non-resident director is generally taxed at 24%. Different withholding or final tax rates apply to certain professional services, public entertainers, interest, royalties and other specified payments.

Singapore corporate income tax

Singapore companies, whether local or foreign, are generally taxed at a flat corporate income tax rate of 17% on chargeable income.

For YA 2026, IRAS states that a 40% Corporate Income Tax rebate of tax payable is available to taxpaying companies, subject to the applicable rules. Companies should confirm the current rebate and cash-grant conditions when calculating their YA 2026 liability.

Corporate tax exemption schemes

Qualifying new start-up companies

For qualifying companies in their first three consecutive Years of Assessment from YA 2020 onward, the start-up tax exemption generally provides:

The maximum exempt amount under this scheme is SGD 125,000 for each qualifying YA. Eligibility conditions apply, and investment-holding and property-development companies do not qualify for the start-up exemption.

Partial tax exemption

For YA 2020 onward, the general partial tax exemption provides a 75% exemption on the first SGD 10,000 of normal chargeable income and a 50% exemption on the next SGD 190,000, giving a maximum exemption of SGD 102,500.

Capital gains tax in Singapore

Singapore does not generally impose a separate capital gains tax. For individuals, gains from the sale of property, shares and financial instruments are generally not taxable where they are capital in nature.

However, gains can be taxable as income where the facts show that the taxpayer is carrying on a trade or profit-making activity rather than disposing of an investment. IRAS considers factors such as frequency of transactions, reasons for purchase and sale, financial ability to hold the asset and holding period.

For companies, capital gains are also generally not taxable, although revenue gains from trading or business activities remain taxable and specific statutory rules can apply to particular transactions.

Singapore withholding tax

Singapore withholding-tax treatment depends on the type of payment, the recipient and whether a double-tax agreement applies. Common domestic rates for specified payments to non-residents include reduced final withholding rates in qualifying circumstances.

Singapore Goods and Services Tax (GST)

The current Singapore GST rate is 9%. GST-registered businesses generally charge 9% on taxable supplies made in Singapore unless the supply is zero-rated or exempt under the GST law.

Exports of goods and qualifying international services can be zero-rated, while specified financial services and certain other supplies may be exempt.

Singapore tax filing deadlines

Individuals

The individual income-tax filing deadline is generally 18 April. A person who receives a notice from IRAS requiring a return must file even where information has already been included through an employer's Auto-Inclusion Scheme.

Companies

For the YA 2026 corporate income-tax filing season, companies generally must file their corporate income-tax return by 30 November 2026, unless a filing waiver applies. The obligation can apply even where the company incurred a loss or did not carry on business during the relevant financial year.

Disclaimer: This page is a general tax overview and not professional tax or legal advice. Tax liability can depend on residence, source, income classification, exemptions, treaty provisions and later legislative or administrative changes.