Search results
Basics of Individual Income Tax. Tax residency and tax rates. Individual Income Tax rates. Share: Income tax rates depend on an individual's tax residency status. Find out the income tax rate that is applicable to you. On this page: Resident tax rates. Non-resident tax rates. Related Content.
myTax Portal is a secured, personalised portal for you to view and manage your tax transactions with IRAS, at your convenience.
Jun 28, 2024 · The new and intuitive official website of Income Tax Department which deals with e-Filing of returns/forms and other related functionalities.
Taxes. Personal Income Tax. It is the Government’s policy to keep our Personal Income Tax regime competitive and progressive. This encourages employment, innovation and enterprise, while ensuring that higher-income earners pay higher taxes. What are the Personal Income Tax rates?
Mar 1, 2013 · 19 Initial and annual allowances for machinery or plant. 19A Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc. 19B Writing‑down allowances for intellectual property rights.
May 6, 2024 · A resident individual's taxable income (after setoff of personal reliefs and deductions) is subject to income tax at progressive rates. Current rates from the year of assessment 2024 (income year 2023) are shown below.
Basics of Individual Income Tax. For Employees, Self-Employed Persons, Sole-Proprietors, Partnerships and other individuals who may be Singapore Citizens (SCs), Singapore Permanent Residents (SPRs) or Foreigners, and Employers.
2 days ago · myTax Portal is a secured, personalised portal for you to view and manage your tax transactions with IRAS, at your convenience.
Income Tax for Individuals. Expand all. General tax matters (for Singapore Citizens or Singapore PRs) General tax matters (for Foreigner) General tax matters (for Not Ordinarily Resident or employees working for foreign employers) Tax clearance for non-Singaporean employees. Filing/payment reminder, late payment penalty or late filing fees.
Mar 13, 2024 · Personal Income Tax amounted to $17.53 billion in 2023, accounting for nearly 17% of the Singapore government’s revenues. This is a significant source of income for the government, and the second-largest behind Corporate Income Tax. Like many other countries, Singapore employs a progressive personal income tax system.
