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We provide personal income tax services to ensure accurate computation, timely filing, and compliance with IRAS regulations. From tax return preparation to relief claims and residency matters, our service helps individuals optimise their tax position with confidence.
Singapore uses a progressive tax system where higher income is taxed at higher rates. For residents, rates start at 0% and rise up to 24% (from YA 2024 onwards). Non-residents are taxed at a flat 15% on employment income or the resident rate, whichever is higher, with most other income taxed at 24%.
Our services cover all aspects of personal income tax filing, including reporting employment income, applying for reliefs, claiming deductions, and managing tax clearance for employees leaving Singapore. With professional support, you avoid costly mistakes and ensure your tax affairs are properly managed.
Accurate Filing
Ensure your tax returns are correct and complete.
Tax Optimisation
Maximise available reliefs, exemptions, and deductions.
Resident & Non-Resident Expertise
Tailored support for all tax statuses.
Compliance Assurance
Avoid penalties with timely and compliant submissions.
Our advisory services support companies in enhancing corporate governance practices, promoting transparency, and maintaining full compliance with statutory and regulatory requirements.
Why compliance is important?
Compliance with Singapore’s tax regulations is crucial for all businesses, regardless of size or industry. All companies must file their tax return by the statutory deadline, and penalties will be imposed for late filing and incorrect returns.
Furthermore, Contemporaneous Transfer Pricing (TP) documentation needs to be prepared if transactions exceed certain thresholds. Singapore has also been a Base Erosion and Profit Shifting (BEPS) Associate since 16 June 2016 and has implemented Country-by-Country Reporting (CbCR), which requires multinational enterprise groups to provide detailed financial and tax information for each tax jurisdiction in which they operate, increasing compliance requirements for businesses.
Navigating these complexities can be challenging, but with our comprehensive corporate tax filing services, you can ensure accurate and timely compliance while minimising the risk of penalties.
Who should file income?
How much tax relief can get?
For tax-resident individuals, the total personal relief you can claim is capped at S$80,000 per Year of Assessment (subject to IRAS rules). Common reliefs include Earned Income, CPF/Medisave contributions, NSman Relief, Parent/Handicapped Parent, Spouse/Handicapped Spouse, Qualifying/Handicapped Child, Working Mother’s Child Relief, Course Fees, Life Insurance (conditions apply), and SRS contributions.
Note: Approved donations are a separate tax deduction and are not counted toward the S$80,000 personal-relief cap. Non-residents generally cannot claim most personal reliefs.
Personal income tax rate in Singapore
| Chargeable Income | Income Tax Rate (%) | Gross Tax Payable ($) |
|---|---|---|
| First $20,000 Next $10,000 | 0 2 | 0 200 |
| First $30,000 Next $10,000 | - 3.5 | 200 350 |
| First $40,000 Next $40,000 | - 7 | 550 2,800 |
| First $80,000 Next $40,000 | - 11.5 | 3,350 4,600 |
| First $120,000 Next $40,000 | - 15 | 7,950 6,000 |
| First $160,000 Next $40,000 | - 18 | 13,950 7,200 |
| First $200,000 Next $40,000 | - 19 | 21,150 7,600 |
| First $240,000 Next $40,000 | - 19.5 | 28,750 7,800 |
| First $280,000 Next $40,000 | - 20 | 36,550 8,000 |
| First $320,000 Next $180,000 | - 22 | 44,550 39,600 |
| First $500,000 Next $500,000 | - 23 | 84,150 115,000 |
| First $1,000,000 In excess of $1,000,000 | - 24 | 199,150 - |