Singapore taxation guide | Year of Assessment 2026

Singapore Personal and Corporate Income Tax Rates for 2026

Singapore taxes resident individuals at progressive rates up to 24%, while the headline corporate income tax rate is 17%. The applicable tax depends on residence, income type, exemptions and the relevant Year of Assessment (YA).

1. Personal income tax rates for Singapore tax residents

For individuals who are tax residents, Singapore applies progressive rates to chargeable income after eligible deductions and reliefs. Each rate applies only to the corresponding portion of chargeable income, not to the entire amount.

Rates for YA 2024 onwards, including YA 2026. See IRAS: Individual income tax rates.

For example, a tax resident with S$50,000 of chargeable income pays 0% on the first S$20,000, 2% on the next S$10,000, 3.5% on the next S$10,000 and 7% on the remaining S$10,000, giving S$1,250 before applicable rebates or other adjustments.

2. Who is a Singapore tax resident?

Tax residence is determined under Singapore's income tax rules, including the individual's presence and employment circumstances. A person who stays or works in Singapore for at least 183 days in the relevant calendar year is generally treated as tax resident, subject to additional rules and concessions for certain periods of employment. Singapore citizens ordinarily residing in Singapore and Singapore permanent residents who ordinarily reside there may also qualify.

See IRAS guidance on individual tax residency.

3. Personal tax rates for non-residents and foreigners

Foreign nationality does not itself determine the tax rate: tax residence does. A foreigner who qualifies as a Singapore tax resident generally uses the resident progressive rates above.

• Non-resident employment income: generally taxed at 15% or resident progressive rates, whichever produces the higher tax.
• Non-resident director's fees and certain other income: generally taxed at 24% for YA 2024 onwards, subject to the nature of the income and applicable concessions or tax treaties.
• Short-term employment: employment income may qualify for exemption under the 60-day rule, but exceptions apply, including for company directors and certain professionals.

Consult IRAS tax rates and individual income tax guidance.

4. Singapore corporate income tax rate

The prevailing corporate income tax rate is 17% on a company's chargeable income. This is a headline rate; qualifying companies may receive partial tax exemptions, start-up tax exemptions, incentives and rebates.

Partial tax exemption (PTE)

Under the general partial tax exemption scheme, qualifying companies receive a 75% exemption on the first S$10,000 of normal chargeable income and a 50% exemption on the next S$190,000, subject to applicable conditions.

Start-up tax exemption (SUTE)

Qualifying new companies may receive, for their first three consecutive YAs, a 75% exemption on the first S$100,000 of normal chargeable income and a 50% exemption on the next S$100,000. Investment holding companies and companies undertaking property development for sale, investment or both are generally excluded, and shareholder requirements apply.

See IRAS corporate tax rates and IRAS corporate income tax. Any corporate income tax rebate for a particular YA should be checked separately; it is not a permanent reduction in the 17% statutory rate.

5. Capital gains, dividends and foreign-sourced income

Capital gains

Singapore generally does not impose capital gains tax. However, gains may be taxable as income where the transactions are revenue in nature, such as profits from a trade or business. Specific rules also apply to certain foreign-sourced disposal gains received in Singapore by entities of relevant groups.

Dividends

Dividends paid by Singapore-resident companies under the one-tier corporate tax system are generally not taxable in shareholders' hands. Foreign dividends received by individuals are generally exempt, subject to exceptions and specific statutory rules. Corporate recipients of foreign-sourced dividends must examine the conditions for exemption.

Foreign-sourced income

Foreign income received in Singapore is not automatically tax-free. For individuals, most foreign-sourced income received in Singapore is generally exempt, with exceptions. For companies, foreign-sourced dividends, foreign branch profits and foreign-sourced service income may qualify for exemption when statutory conditions are satisfied; otherwise, taxation or other relief may apply.

Official guidance: IRAS: Taxable and non-taxable individual income; IRAS: Corporate tax guidance.

6. Tax filing and payment

Individuals generally file income tax returns for the preceding calendar year's income when required by IRAS. Companies generally submit Estimated Chargeable Income (ECI), unless exempt, and an annual corporate income tax return in the prescribed form. Filing obligations and due dates differ by taxpayer type and may change.

Use the official myTax Portal for filing and account information. Check the latest deadlines on IRAS rather than relying on historical due dates.

7. Frequently asked questions

Is Singapore personal income tax a flat rate?

No. Singapore tax residents are taxed progressively, with marginal rates ranging from 0% to 24% for YA 2026.

Do foreigners always pay 15% tax?

No. Resident foreigners use resident tax rates. The 15% rule generally concerns non-resident employment income and is subject to a comparison with resident progressive rates. Other types of non-resident income can have different rates.

Is corporate tax 8.5% on the first S$300,000?

No. That simplified historical description is outdated. The headline rate is 17%, and the effective rate depends on the current partial exemption or start-up exemption and other reliefs.

Are all overseas earnings tax-free?

No. The treatment depends on the recipient, source, receipt in Singapore, income character and any available exemption.

Updated 9 October 2026. General information only; specific tax treatment depends on facts and applicable law.