Are you a Singaporean tax resident and non-resident?
Singaporean tax residents and non-residents have different personal income tax rates. In any year of assessment (tax year or the year of assessment), you will be recognized as a tax resident, if you are:
- a Singaporean citizen
- a Singaporean Permanent Resident
- or if you establish a permanent residence in Singapore
- foreigners who have lived 183 days (excluding Company directors) in Singapore in the previous tax assessment year
Singaporean tax residents pay a progressive tax rate.
If you do not meet any of the above conditions, you are non-residents in Singapore, your employment income tax or personal income tax is 15 percent, whichever is highest.
The IRAS charges 20% tax rate on director fees, consultancy fees and other income.
We provide Singapore tax filing and consultation to individuals and corporations. Our goal is to optimize your tax benefits.