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.
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%
- 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
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 (1)
Frequently asked
What is the income tax rate in Singapore?
The top marginal personal income tax rate in Singapore is 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.
What is the corporate tax rate in Singapore?
The headline corporate income tax rate is 17%.
Does Singapore tax capital gains?
Capital gains for individuals: None. Singapore has no capital gains tax..