Singapore Individual / Personal Income Tax Presented by Tax Accountants Pte Ltd

							SINGAPORE INDIVIDUAL / PERSONAL INCOME TAX

Tax Accountants is dedicated to assisting our individual clients. Just as there is no average
tax return, there is no average client.

We have drawn the following information relating to individual taxation that you may find
useful. If you are interested in any area that is not covered, please contact us. Just email us
at info@taxaccountants.com.sg.

Singapore Tax Residents

Different tax rates apply for tax residents and non-residents. You will be treated as a tax
resident for a particular Year of Assessment (YA) if you are a:

      Singaporean; or
      Singapore Permanent Resident if you have established your permanent home in
       Singapore; or
      Foreigner who stayed / worked in Singapore for 183 days or more in previous year
       (excludes director of a company).

Otherwise, you will be treated as a non-resident of Singapore for tax purposes.

Tax rates for Singapore tax resident individuals (From Year 2011 onwards)

 Chargeable Income    Rate        Gross Tax
                                  Payable
 First $ 20,000       0%          $0
 Next $ 10,000        2%          $ 200
 First $ 30,000       -           $ 200
 Next $ 10,000        3.50%       $ 350
 First $ 40,000       -           $ 550
 Next $ 40,000        7%          $ 2,800
 First $ 80,000       -           $ 3,350
 Next $ 40,000        11.5%       $ 4,600
 First $ 120,000      -           $ 7,950
 Next $ 40,000        15%         $ 6,000
 First $ 160,000      -           $ 13,950
 Next $ 40,000        17%         $ 6,800
 First $ 200,000      -           $ 20,750
 Next $ 120,000       18%         $ 21,600
 First $ 320,000      -           $ 42,350
 Above $ 320,000      20%
Non-resident Individuals

Your employment income is taxed at 15% or resident rate, whichever gives rise to a higher
tax amount. The director's fees, consultation fees and all other income that you received
will be taxed at 20%. Payments such director's fees may be subject to Singapore withholding
tax.

Help and Advice

Tax Accountants Pte Ltd provides reliable and affordable services in Singapore which include
accounting, bookkeeping, payroll and tax services. Our work processes are designed to be
efficient and cost-effective. Our aim is to relieve you of the burdens of statutory compliance
and enable you to focus on running and growing your business. Contact us now so we can
discuss your requirements; Email us today at info@taxaccountants.com.sg.

For more information, visit:
Tax Accountants Pte Ltd
10 Anson Road, #26-04 International Plaza, Singapore 079903
Fax : (65) 6725 8438
Email : info@taxaccountants.com.sg
Website: http://taxaccountants.com.sg/
 : info@taxaccountants.com.sg
Website: http://taxaccountants.com.sg/