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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

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

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 2020

Singapore income tax rates for year of assessment 2020.

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 + 22%

Singapore income tax rates for year of assessment 2020.

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 +
National income tax rates 22%

A person who is a tax resident in Singapore is taxed on assessable income, less personal deductions, at the above rates for the 2020 assessment year (income from the 2019 calendar year).

Personal deductions are granted to individuals resident in Singapore.

Expat tax guides

Read tax guides for expats provided by EY.

Additional information

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 15/09/21 by EY and published in its Worldwide Personal Tax Guide, 2020-21.

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.

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