Personal Tax

All individuals earning or receiving income in Singapore are required to pay income tax annually, unless specifically exempted under the Income Tax Act or granted administrative concessions. (Note: Individuals are taxed based on the preceding calendar year’s income. This means that the income for the calendar year 2017 will be taxed in the assessment year (YA) 2018.)

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

Project Workflow

The personal income tax service involves providing individual clients with consultation and filing services related to personal income tax. Project operation process:

01

Declaration and Deductions

Assisting individual clients in identifying applicable personal income tax deductions and providing support for the declaration of personal income tax.

02

Tax Planning

Offering advice on personal income tax planning based on the financial situation and goals of individual clients to minimize the individual income tax burden.

Project Advantages

Individuals Working in Singapore

All individuals who receive payment for any services provided in Singapore or receive payment for services obtained from Singapore in any form, whether in cash or in kind, are required to pay income tax. Learn more about working and taxes in Singapore.

Individuals Doing Business in Singapore

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

Individuals Investing in Singapore

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

Individuals Working Outside of Singapore

Individuals working outside Singapore whose overseas employment is an incidental event of Singapore employment; or individuals representing the Singapore government working outside Singapore; or individuals earning income from a partnership based in Singapore.

Non-working Individuals with Some Income

All individuals not working but receiving any of the following income are required to pay income tax, unless they are specifically exempted under the Income Tax Act: investment income; NSman income (including all incentives and allowances, such as IPPT monetary incentives); part-time income; pensions; or Supplementary Retirement Scheme (SRS) withdrawals.

Tax Exempt Individuals

Typically, you are not required to pay income tax if you meet the following conditions::
1. Your total income for the year is $22,000 or less;
2. You do not derive or receive any income in Singapore.