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How much tax will I pay in Singapore for 2014?

Disclaimer
The Law surrounding Income Tax in Singapore is complex and every effort has been made to offer information that is current, correct and clearly expressed. The information in this summary is intended to be no more than a general overview of the position and certain details have been deliberately omitted. The contents of this page should not be taken as an authoritative statement of income tax in Singapore. Neither the author nor the publisher are responsible for the results of actions taken on the basis of information contained in this summary, nor for any errors or omissions. This text is not intended to render legal, accounting or tax advice. Readers are encouraged to seek professional advice concerning specific matters before making any decision.

The employee is responsible for paying their own tax in Singapore, so if you are planning on working here you will have to become familiar with income tax in Singapore and its system. First, there are two different tax brackets depending on your tax residency in Singapore (not to confuse with VISAs) residents and non-residents. Residents are those who spend more than 182 Days per year in Singapore (including weekends and public holidays) and non- residents 61-182 days (6 months).

The income tax in Singapore is a progressive system, starting at 0% for those earning less than S$22,000 and rising up to a maximum of 20% for those earning S$320,000 per annum. A flat rate of 15% or the resident rates are given to non-residents-whichever results in a higher tax amount on income from employment. For example, one who earns S$50,000 will pay S$1,250 tax, or 2.5% (First 40,000 @ 550 + next 10,000 @ 7%).

 

Singapore Income Tax Table for Year-end 2013

Chargeable Income Rate (%)
Tax on your first
Tax on your next
20,000
10,000
0
2
Tax on your next 10,000 3.5
Tax on your next 40,000 7
Tax on your next
Tax on your next
40,000
40,000
11.5
15
Tax on your next
Tax on your next
40,000
120,000
17
18
Tax on earnings in excess of 320,000 20

 

For those still with question, we have provide a link to The Singapore Governing body’s website. Here you can find the answers to all the frequently asked questions. More on Income Tax.

For further help with your income tax calculation, we provided a link from the Inland Revenue Authority of Singapore. Click here for their Online Tax Calculators.


6 Responses to How much tax will I pay in Singapore for 2014?

  1. rick July 22, 2013 at 11:29 pm #

    Hi! If I work in Singapore for 60 days, do I have to file a tax return.I am a US citizen who is starting a new job on Nov 1, 2013. Please advise. Thanks.

  2. Addison Kwek August 16, 2013 at 8:44 am #

    Your short-term (60 days or less) employment income is exempt from tax. This rule does not apply if you are a director of a company, a public entertainer or exercising a profession in Singapore. Professionals include foreign experts, foreign speakers, queen’s counsels, consultants, trainers, coaches etc.

    Do note that the number of days of employment in Singapore include weekends and public holidays. Good luck!

  3. rick August 29, 2013 at 1:13 am #

    Addison,

    Thank you. This is very helpful.

  4. Anonimous November 5, 2013 at 10:37 am #

    Hi! I’m an expat going to SG. I’ll be in a probationary period of 3 months and later I will get a work pass. Since the beginning I’m getting S$2.500/month (S$30.000 annual). I didn’t understand it very good. Please, can you clarify me which will be the tax that I will have to pay in monthly//annual basis? Thanks in advance!

    • Addison Kwek November 7, 2013 at 9:50 am #

      Hi,

      Ok lets do the math for you, lets say you are paid $30,000 this year.

      The first $20,000 is tax-less, your next $10,000 is taxed 2% which is $200. In total, you will need to pay a tax of $200 for that year. Let me know if this is clear to you.

  5. Sunny December 26, 2013 at 3:32 am #

    Hi i am an expat , who is expected to join Singapore in Jan. 2014 , with an annual compensation of 50,400 SGD . How mucch annual tax would i need to pay?

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