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Singapore tax guide 2026
Singapore keeps personal tax famously light: progressive rates that only reach 24% at the very top, no capital gains tax, no tax on dividends from Singapore companies, and no inheritance tax. The trade-off for locals is the Central Provident Fund — a hefty compulsory savings scheme that foreigners are excluded from entirely.
- Rate range
- 0% – 24% for residents; flat 15%/24% rules for non-residents
- Key allowance
- Personal reliefs (earned income, family, retirement top-ups) capped at SGD 80,000 a year
- Tax year
- Calendar year, assessed the following year
- Filing deadline
- 15 April (paper) / 18 April (online)
Taxes covered
- Income tax24%
Progressive 0–24%; the top rate only starts above SGD 1 million, and there are no social charges on top for foreigners.
- Dividend tax0%
Dividends from Singapore companies are tax-free in shareholders' hands under the one-tier system; no withholding either.
- Capital gains tax0%
No capital gains tax at all; only gains from dealing as a business are taxed, as income.
- Crypto tax0%
No capital gains tax means personal crypto gains are untaxed; trading as a business or earning crypto is taxed as income.
- Social security20%
Central Provident Fund: employees up to 55 contribute 20% of wages (capped); foreigners without permanent residence are excluded (permanent residents contribute).
- Inheritance tax0%
No inheritance or gift tax — estate duty was abolished years ago.
- Withholding tax15% / 24%
Non-residents: 15% on interest and professional fees, 10% on royalties, 24% on director's fees and service fees — and 0% on dividends.
Special regimes
- No capital gains tax
Investment gains — shares, property, crypto — are simply not taxed, unless you're effectively trading as a business.
- One-tier dividends
Dividends from Singapore-resident companies arrive completely tax-free in your hands.
- Foreign income exemption
Foreign income you bring into Singapore is generally exempt for resident individuals.
- No estate duty
Singapore abolished inheritance tax years ago — nothing is charged on death or gifts.
Recent changes
- 2026-01The monthly ordinary-wage ceiling for Central Provident Fund contributions completes its rise to SGD 8,000.
- 2025-02A one-off 60% personal income tax rebate, capped at SGD 200, applied to resident taxpayers for the 2025 assessment.