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Tax in Singapore

Your personal tax guide for Singapore

The content in this tax guide is provided by EY.

Going to or leaving Singapore

Local tax information for Singapore.
Local information Details

Tax authority

Inland Revenue Authority of Singapore (IRAS)

Website

www.iras.gov.sg

Tax year

1 January to 31 December

Tax return due date

15 April (hard copy) or 18 April (electronic submission)

Is joint filing possible

No

Are tax return extensions possible

No

Local tax information for Singapore.
Local information

Tax authority

Details

Inland Revenue Authority of Singapore (IRAS)

Local information

Website

Details

www.iras.gov.sg

Local information

Tax year

Details

1 January to 31 December

Local information

Tax return due date

Details

15 April (hard copy) or 18 April (electronic submission)

Local information

Is joint filing possible

Details

No

Local information

Are tax return extensions possible

Details

No

Singapore income tax rates for year of assessment 2025

Taxable income band SG National income tax rates

1 to 20,000

0%

20,001 to 30,000

2%

30,001 to 40,000

3.5%

40,001 to 80,000

7%

80,001 to 120,000

11.5%

120,001 to 160,000

15%

160,001 to 200,000

18%

200,001 to 240,000

19%

240,001 to 280,000

19.5%

280,001 to 320,000 20%
320,001 to 500,000 22%
500,001 to 1,000,000 23%
1,000,000 + 24%
Taxable income band SG

1 to 20,000

National income tax rates

0%

Taxable income band SG

20,001 to 30,000

National income tax rates

2%

Taxable income band SG

30,001 to 40,000

National income tax rates

3.5%

Taxable income band SG

40,001 to 80,000

National income tax rates

7%

Taxable income band SG

80,001 to 120,000

National income tax rates

11.5%

Taxable income band SG

120,001 to 160,000

National income tax rates

15%

Taxable income band SG

160,001 to 200,000

National income tax rates

18%

Taxable income band SG

200,001 to 240,000

National income tax rates

19%

Taxable income band SG

240,001 to 280,000

National income tax rates

19.5%

Taxable income band SG 280,001 to 320,000
National income tax rates 20%
Taxable income band SG 320,001 to 500,000
National income tax rates 22%
Taxable income band SG 500,001 to 1,000,000
National income tax rates 23%
Taxable income band SG 1,000,000 +
National income tax rates 24%

A person who is a tax resident in Singapore is taxed on assessable income, less personal deductions, at the following rates for the 2025 year of assessment.

Expat tax guides

Read tax guides for expats provided by EY.

Additional information

piggy-bank

Should you get an offshore bank account?

An offshore account can be useful for expats looking to keep some money in a central location, rather than one specific country or region.

 

Our Expat Bank Account is an offshore account that comes with a range of benefits. These include a Global Money Account to make quick and easy payments across borders, a relationship management service to help you and your family manage your money and online and mobile access so you can take care of your banking, FX and investments wherever you are.

 

You can set your account up in USD, EUR or GBP and you can hold it alongside other accounts in the country you're leaving or the one you're moving to.

The content under 'Should you get an offshore bank account?', including 'Explore Expat Bank Account', is provided by HSBC Expat.

The Tax Navigator section is provided by EY in accordance with their Terms and Conditions (PDF). EY accepts no responsibility for the accuracy of this information. By using this information, you are accepting the terms under which EY is making the content available to you based on the legislation and practices of the country concerned as of 1 September 2023 by EY and published in its Worldwide Personal Tax Guide, 2024-25.

Tax legislation and administrative practices may change, and this content is a summary of potential issues to consider. This content is provided for guidance purposes only; it is not meant for direct implementation of transactions or reliance upon when considering entering into transactions. It should not be used as a substitute for professional tax, legal, financial, accounting, consulting, regulatory or other professional advice and you should seek professional advice before taking any action. It is your responsibility to ensure you make all relevant disclosures to the relevant tax authorities and that you are compliant with local tax legislation. EY accepts no responsibility for any loss arising from any action taken or not taken by anyone using this material.

HSBC accepts no responsibility for the accuracy of this information.

This information does not constitute advice and no liability is accepted to recipients acting independently on its contents. The views expressed are subject to change.

You might also be interested in

 

Opening an offshore account, can be an effective way to save, invest and manage money while abroad.

 

Steps to build a better financial future abroad.

 

Read our 10-step guide to moving abroad to make sure you've got everything covered.

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