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Individual income tax

All individuals who earn or derive income in Singapore are required to pay income tax annually, unless granted special exemption under the Income Tax Act or administrative concession. (Note: Individuals are taxed on income earned in the preceding calendar year. This means income from the 2017 calendar year will be taxed in the Year of Assessment (YA) 2018)

We provide personal income tax consulting and planning services for individual clients. We help clients understand personal income tax regulations and offer personalized tax advice to minimize personal tax burden and manage personal finances in a legal and compliant manner.

Project Operation Process

Personal income tax services include consultation and filing services related to personal income tax for individual clients. Project operation process:

01

Declaration & Tax Relief

Assist individual clients in identifying applicable personal income tax reliefs and providing support for personal income tax filing.

02

Personal Tax Planning

Provide personalized personal income tax planning advice based on individual clients' financial status and goals to minimize personal income tax burden.

Personal Income Tax Details

Working in Singapore as an Individual

All individuals who receive payment (whether in cash or in-kind) for any services rendered in or derived from Singapore in any form are liable to pay income tax. Learn more about working and taxation in Singapore.

Doing Business Individually in Singapore

All self-employed individuals who earn income in Singapore, such as sole proprietors, partners, freelancers, taxi drivers, hawkers and commission agents, are required to pay income tax.

Individual Investment in Singapore

All individuals earning income from investments such as real estate, stocks, unit trusts and fixed deposits in Singapore are required to pay income tax, unless their investments are specifically exempted under the Income Tax Act. Learn more about investment taxation in Singapore.

Individuals Working Outside Singapore

Individuals working outside Singapore whose overseas employment is incidental to their Singapore employment; individuals working overseas on behalf of the Singapore Government; and individuals deriving income through a Singapore partnership.

Individuals Without Employment But With Taxable Income

All persons who are not in formal employment but receive any of the following types of income are liable for income tax, unless granted special exemption under the Income Tax Act: investment income; NSman income (including all rewards and allowances such as IPPT monetary awards); part-time income; pensions; or withdrawals from the Supplementary Retirement Scheme (SRS).

Income Tax Exemption for Individuals

Generally, you are not required to pay income tax if you meet the following conditions:
1. Your total annual income is SGD 22,000 or less;
2. You do not earn or derive any income in Singapore.