# Singapore Personal Income Tax: Rates, Reliefs and Non-Resident Rules > Singapore personal income tax: progressive resident rates to a 24% top rate above S$1m (Second Schedule, Income Tax Act — verified), personal reliefs, non-resident flat 24%, no capital gains or inheritance tax. Author: Алёна Дунаева — юрист, Family Office (https://wiki.private.law/authors/dunaeva) Last modified: 2026-07-21T21:10:00.000Z Canonical: https://wiki.private.law/en/singapore-personal-income-tax Topics: investments Jurisdictions: singapore Semantic tags: tax-regime --- ## Concept Singapore taxes individuals on a territorial basis: employment, trade, rental and other Singapore-source income is taxable, while capital gains are not taxed at all. Residents pay progressive rates with personal reliefs; non-residents pay flat rates. Assessment runs on a preceding-year basis — income of calendar year N is assessed in year of assessment N+1. > 💡 **Short answer.** For residents, Singapore personal income tax is progressive, with a top marginal rate of 24% on chargeable income above S$1,000,000 (Second Schedule, Income Tax Act 1947 — verified at [sso.agc.gov.sg](https://sso.agc.gov.sg/)); for non-residents, most income is taxed at a flat 24% (s.43(1)(b) ITA — verified), while employment income follows the non-resident practice of a flat rate or resident rates, whichever is higher (IRAS administrative practice — verify at [iras.gov.sg](https://www.iras.gov.sg/)). There is no capital gains tax and no inheritance tax in Singapore, and personal reliefs — earned income, spouse, child, CPF-related — reduce only the resident computation. Which side of the line you fall on is set by the [residence tests](/en/singapore-hub); brief working visits of up to 60 days may be exempt under the [60-day rule](https://wiki.private.law/en/singapore-60-day-rule). ## Resident Rate Schedule Chargeable income — after personal reliefs — is taxed on the progressive resident scale of the Second Schedule to the Income Tax Act 1947 (verified at [sso.agc.gov.sg](https://sso.agc.gov.sg/), YA2024 and subsequent years): 0% on the first S$20,000; 2% on the next S$10,000; 3.5% on the next S$10,000; 7% on the next S$40,000; 11.5% on the next S$40,000; 15% on the next S$40,000; 18% on the next S$40,000; 19% on the next S$40,000; 19.5% on the next S$40,000; 20% on the next S$40,000; 22% on the next S$180,000; 23% on the next S$500,000; and **24% on chargeable income above S$1,000,000**. The effective rate at most income levels sits far below the headline marginal rate because of the graduated structure and reliefs. ## Reliefs and Deductions Personal reliefs reduce chargeable income for residents only: earned income relief, spouse and child reliefs, parent relief, CPF contribution relief and others (the full list and caps change by budget — verify at [iras.gov.sg](http://iras.gov.sg/)). Non-residents receive no personal reliefs. ## Non-Resident Rules - **Employment income** — taxed at the higher of a flat non-resident rate or the resident progressive computation (IRAS administrative practice — verify at [iras.gov.sg](https://www.iras.gov.sg/)). - **Director's fees and most other income** — taxed at a flat 24% for years of assessment 2024 onward (s.43(1)(b) Income Tax Act 1947 — verified at [sso.agc.gov.sg](https://sso.agc.gov.sg/)). - **Short stays** — employment exercised for 60 days or less may be exempt; see [Singapore's 60-Day Rule](https://wiki.private.law/en/singapore-60-day-rule). ## What Singapore Does Not Tax - **Capital gains** — no CGT for individuals; gains on personal investments are not taxed. - **Inheritance** — estate duty was abolished; there is no inheritance tax. - **Foreign-source income** — exempt for individuals under s.13(7A) of the Income Tax Act 1947 (verified at [sso.agc.gov.sg](https://sso.agc.gov.sg/)), except income received through a partnership in Singapore. ## Q/A ### What is the top marginal rate and from which income? 24%, applying to resident chargeable income above S$1,000,000 from YA2024 (Second Schedule Table 3 — verified at [sso.agc.gov.sg](https://sso.agc.gov.sg/)). The non-resident flat rate on most non-employment income is the same 24% (s.43(1)(b)). ### Which reliefs apply? Residents only: earned income, spouse, child, parent and CPF-related reliefs, among others — the list and caps are set by budget and should be verified at [iras.gov.sg](http://iras.gov.sg/) before planning. ### How are non-residents taxed? Employment income at the higher of a flat rate or resident rates; director's fees and most other income flat; no personal reliefs. Short working visits of up to 60 days may be exempt — see the [60-day rule](https://wiki.private.law/en/singapore-60-day-rule). *Reviewed: 2026-07-21 · Sources: Income Tax Act 1947 (Second Schedule, s.43) at *[*sso.agc.gov.sg*](https://sso.agc.gov.sg/)*; IRAS at *[*iras.gov.sg*](https://www.iras.gov.sg/)*.* Cite as: [wiki.private.law](http://wiki.private.law/) — "Singapore Personal Income Tax: Rates, Reliefs and Non-Resident Rules", [https://wiki.private.law/en/singapore-personal-income-tax](https://wiki.private.law/en/singapore-personal-income-tax) (reviewed 2026-07-21). --- ## Sources - [Singapore Statutes Online — Income Tax Act 1947, Second Schedule (resident rates) and s.43 (non-resident rates)](https://sso.agc.gov.sg/Act/ITA1947) (verified 2026-07-21) - [IRAS — Inland Revenue Authority of Singapore](https://www.iras.gov.sg/) --- ## FAQ ### What is the top marginal rate and from which income? 24%, applying to resident chargeable income above S$1,000,000 from YA2024 (Second Schedule Table 3 — verified at sso.agc.gov.sg). The non-resident flat rate on most non-employment income is the same 24% (s.43(1)(b)). ### Which reliefs apply? Residents only: earned income, spouse, child, parent and CPF-related reliefs, among others — the list and caps are set by budget and should be verified at iras.gov.sg before planning. ### How are non-residents taxed? Employment income at the higher of a flat rate or resident rates; director's fees and most other income flat; no personal reliefs. Short working visits of up to 60 days may be exempt — see the 60-day rule. Reviewed: 2026-07-21 · Sources: Income Tax Act 1947 (Second Schedule, s.43) at sso.agc.gov.sg; IRAS at iras.gov.sg. Cite as: wiki.private.law — "Singapore Personal Income Tax: Rates, Reliefs and Non-Resident Rules", https://wiki.private.law/en/singapore-personal-income-tax (reviewed 2026-07-21).