Singapore
South-Eastern Asia • UTC+8 • Asia/SingaporeSingapore Personal Income Tax
Singapore's tax system is territorial, taxing only income sourced within the country. It features progressive personal income tax rates and a flat corporate tax rate.
Income Tax
0%–22%
Progressive rates
Corporate Tax
17%
Flat rate
VAT / GST
0%
No VAT/GST
Nomad Visa
Not Available
No dedicated program
Tax System Overview
Singapore's tax system is territorial, taxing only income sourced within the country. It features progressive personal income tax rates and a flat corporate tax rate.
System Type
Territorial tax system
Resident Taxation
Residents are taxed on Singapore-sourced income only.
Non-Resident Taxation
Non-residents are taxed at a flat rate on Singapore-sourced income.
Tax Year
January 1 – December 31
Income Tax Bands
Singapore's progressive income tax bands based on annual taxable income in SGD (2025).
Tax Treaty
Double Taxation Agreements help prevent double taxation and provide relief for cross-border income.
United Kingdom
Treaty ActiveThe Singapore-UK DTA covers income from employment, pensions, dividends, interest, and royalties, providing reduced withholding tax rates and clarifying residency rules.
Key Benefits
Prevents double taxation on income earned in both countries.- Reduced withholding tax rates on dividends, interest, and royalties.
- Clarifies tax residency to determine where taxes should be paid.
Totalization Agreement
These agreements coordinate social security systems, ensuring workers pay into only one system at a time.
United States of America
Agreement ActiveThe Singapore-US totalization agreement prevents workers from paying social security taxes in both countries simultaneously.
Coverage Areas
Facts
- Prevents double taxation of social security contributions for US-Singapore workers.
- Allows workers to combine contribution periods for benefits eligibility.
Other Countries with Agreements
Business & Freelancing
Corporate Tax Rate
17% flat rate with partial tax exemptions for new start-ups
VAT Registration
No VAT/GST system in place
Freelancer Rules
Freelancers are taxed as individuals under the personal income tax system.
Crypto Policy
Cryptocurrency transactions are not subject to GST; income from crypto is taxed as normal income.
Frequently Asked Questions
Digital Nomad & Benefits
Visa Details
Tax Perks
- No tax on foreign-sourced income for non-residents
- No capital gains tax
Filing Roadmap
Register for Tax
Ensure you have a SingPass account to access the IRAS e-Services for tax filing.
Gather Income Documents
Collect all necessary documents such as employment income, rental income, and any other taxable income.
File Your Tax Return
Log in to myTax Portal and complete your tax return by the April deadline.
Pay Any Tax Due
If you owe taxes, make payment by the due date to avoid penalties.