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Singapore Singapore Taxation Individual Income Tax Personal Income Tax for Singaporean
KNOWLEDGEThis guide is not meant to be a comprehensive guide on Singapore Individual Income Tax. It only covers the tax obligations for Individuals who are Sole-proprietors (Self Employed) or Employees.
Taxable Income
Capital Gains
The tax rates for are shown in the table below. Taxes are charged progressively (0% - 20%) on your chargeable income. The chargeable income is your income plus any other personal income, minus all deductions, relief's and rebates.
For Year of Assessment 2007
|
|
Chargeable Income ($) | Rate (%) | Gross Tax Payable ($) |
|
On the first
On the next
|
20 000
10 000 |
0
3.50 |
0.00
350.00 |
|
On the first
On the next
|
30 000
10 000 |
5.50
|
350.00
550.00 |
|
On the first
On the next
|
40 000
40 000 |
8.50
|
900.00
3 400.00 |
|
On the first
On the next
|
80 000
80 000 |
14
|
4 300.00
11 200.00 |
|
On the first
On the next
|
160 000
160 000 |
17
|
15 500.00
27 200.00 |
|
On the first
Above
|
320 000
320 000 |
20
|
42 700.00
|
|
Disclaimer All information in this article is only for the purpose of information sharing, instead of professional suggestion. Kaizen will not assume any responsibility for loss or damage. |
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