Southeast Asia
Singapore: tax at a glance
A low-tax hub with no capital gains tax, a territorial approach to foreign income, and modest headline rates.
Territorial
Last verified
Ways to relocate to Singapore
The residency and citizenship routes that lead here, weighed against the tax picture above.
The taxes
- Personal income (top)
- 24%Progressive, with a top rate of 24% above SGD 1m in chargeable income, from YA2024. Foreign-source income is generally not taxed, even if it is remitted.
- Corporate income
- 17%
- Capital gains
- None. Singapore has no capital gains tax.
- VAT / GST
- 9%
- Dividends (WHT)
- 0%, under the one-tier system. There is no withholding tax on dividends.
- Interest (WHT)
- 15%
- Royalties (WHT)
- 10%
- Social security (employee)
- 20%, paid into the CPF by citizens and permanent residents, up to the wage ceiling.
- Social security (employer)
- 17%, paid into the CPF by citizens and permanent residents, up to the wage ceiling.
- Wealth tax
- None
- Inheritance / estate
- None. Estate duty was abolished for deaths on or after 15 Feb 2008.
- Property tax
- A progressive property tax of 0-36% of annual value, higher for homes that are not owner-occupied.
- Other
- A Skills Development Levy of 0.25%, paid by the employer.
How the system works
- Tax system
- Territorial
- Foreign income
- Largely outside scope (territorial)
- Taxes by citizenship
- No
- Exit tax
- No
- CFC rules
- No
- CRS
- Participating
A special regime for new arrivals
Foreign-source income received in Singapore by individuals is generally exempt, unless it is received through a Singapore partnership or arises from a trade carried on in Singapore. Family offices typically use the section 13O / 13U fund tax exemptions. See the dedicated entry.
The rates below are indicative headline figures (top marginal, standard, and headline rates), reviewed 2026-07. Brackets, surcharges, and state, provincial or cantonal taxes vary. Treat this as a reference map, not advice.
Sources (2)
Secondary references