PERSONAL AND CORPORATE INCOME TAX RATE IN SINGAPORE

PERSONAL TAX RATES IN SINGAPORE

Income SGD	Income Tax Rate %
Income upto 20000	0
20001-30000	2%
30001-40000	3.5%
40001-80000	7%
80001-120000	11.5%
120001-160000	15%
160001-200000	17%
200001-320000	20%
320001 and Above	20%
Tax Rate on Capital Gain	0
Tax on Income Earned overseas	0
Tax on Dividend Received from overseas company	0

PERSONAL TAX RATES IN SINGAPORE FOR NON RESIDENTS

Description	Income Tax Rate %
Flat rate of Tax	15%

CORPORATE TAX RATES IN SINGAPORE

Income SGD	Income Tax Rate %
Corporate Profit upto 300000	8.5%
Corporate Profit above 300000	17%
Tax on Capital Gain accrued by the company	0
Tax on Dividend Distribution to shareholders	0
Tax on Foreign Sourced income not brought into Singapore	0
Tax on Foreign Sourced income brought into Singapore	0%-17% on conditions

Note: Taxes mentioned above are indicative only. Please check from the particular department for accurate tax rate