The Personal Income Tax Rate in Singapore stands at 22 percent.

Personal Income Tax Rate in Singapore averaged 20.60 percent from 2004 until 2018, reaching an all time high of 22 percent in 2004 and a record low of 20 percent in 2006. This page provides - Singapore Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Personal Income Tax Rate - values, historical data and charts - was last updated on July of 2020. source: Inland Revenue Authority of Singapore

Personal Income Tax Rate in Singapore is expected to reach 22.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Personal Income Tax Rate is projected to trend around 22.00 percent in 2021, according to our econometric models.

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Singapore Personal Income Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
22.00 22.00 22.00 20.00 2004 - 2020 percent Yearly

Singapore Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 17.00 17.00 26.00 17.00 percent [+]
Personal Income Tax Rate 22.00 22.00 22.00 20.00 percent [+]
Sales Tax Rate 7.00 7.00 7.00 5.00 percent [+]
Social Security Rate 37.00 37.00 37.00 33.00 percent [+]
Social Security Rate For Companies 17.00 17.00 17.00 13.00 percent [+]
Social Security Rate For Employees 20.00 20.00 20.00 20.00 percent [+]


Singapore Personal Income Tax Rate
In Singapore, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Singapore.