IRAS Income Tax (SG)

Introduction#

The Inland Revenue Authority of Singapore (IRAS) is Singapore’s tax authority responsible for administering and collecting income tax. The income tax system in Singapore is a key component of the nation’s fiscal policies, providing essential revenue for public services and infrastructure development.

Individuals and companies operating in Singapore are subject to income tax on their taxable income, which includes salaries, business profits, rental income, and other sources of earnings.

Individual Income Tax Rates#

Income tax rates depend on an individual’s tax residency status. You will be treated as a tax resident for a particular Year of Assessment (YA) if you are a:

1. Singapore Citizen or Singapore Permanent Resident who resides in Singapore except for temporary absences; or

2. Foreigner who has stayed/worked in Singapore:

   a. For at least 183 days in the previous calendar year; or

   b. Continuously for 3 consecutive years, even if the period of stay in Singapore may be less than 183 days in the first year and/or third year; or

3. Foreigner who has worked in Singapore for a continuous period straddling 2 calendar years and the total period of stay is at least 183 days (including your physical presence immediately before and after your employment). This applies to employees who entered Singapore but excludes directors of a company, public entertainers, or professionals.

Basic Guide for New Individual Taxpayers#

Update Your Particulars#

We encourage you to update your contact details with us in order to receive timely SMS/email notifications on your tax matters. You may do so by logging into  myTax Portal  using your Singpass or Singpass Foreign user Account (SFA) , and click on Account > Update Contact Details .

Please ensure that your latest address is updated to receive your tax bill. If you are a Singapore Citizen/Permanent Resident, you need to update your residential address online using the Immigration and Checkpoints Authority’s Change of Address e-Service. If you are a foreigner, please log in to myTax Portal using your Singpass or Singpass Foreign user Account (SFA)  and click on Update Contact Details to update your residential/mailing address.

Obligation to File Tax#

Individuals are taxed based on the income earned in the preceding calendar year. Filing for the Year of Assessment begins on 1 Mar and you must file your Income tax Return by 18 Apr.

Tax clearance for foreigners#

You must settle all your taxes if you are about to leave Singapore or change to another job within Singapore. This process is known as Tax Clearance . TSP will notify IRAS and ensure you have paid all taxes before you cease employment with us.