Income Tax Bracket & Rates in Singapore for 2026-2027

Q: What is the Singapore tax rate in 2027?

As of current legislation, Singapore’s headline tax rates for 2027 remain unchanged from 2026:Personal income tax up to 24%Corporate income tax at 17%GST at 9%Any future changes would be announced by the Ministry of Finance and administered by IRAS.

Q: What is the Singapore What is the financial year for 2026-2027 in Singapore? rate in 2027?

In Singapore, the tax year follows the calendar year, running from January 1 to December 31.Income earned in a calendar year is assessed in the following Year of Assessment (YA). For example:Income earned in 2025 is assessed in YA 2026Income earned in 2026 is assessed in YA 2027Companies may adopt their own financial year-end, but tax filing and assessment follow the Year of Assessment framework.

Singapore’s tax system is administered by the Inland Revenue Authority of Singapore (IRAS) and governed by the Income Tax Act 1947.

Individuals and businesses are subject to different types of taxes, including personal income tax, corporate income tax, and Goods and Services Tax (GST). Personal income tax in Singapore follows a progressive system, with rates ranging from 0% to 24% for tax residents.

Understanding the applicable tax brackets, rates, and residency rules is essential for accurate tax planning and compliance for Year of Assessment (YA) 2026 and beyond. Keep reading to learn more about income tax brackets in Singapore.

Tax Rates in Singapore for 2026

Tax Rates	Tax Rate (%)
Headline Personal Income Tax (PIT) Rate	24%
Headline Corporate Income Tax (CIT) Rate	17%

Personal Income Tax (PIT) Brackets and Rates for Individuals in 2026-2027

The individual tax rate in Singapore depends on residency status and chargeable income. Tax residents are subject to progressive rates from 0% to 24%, with the first SGD $20,000 tax-free.

Resident individuals may claim applicable reliefs. Non-residents are taxed under separate rules depending on income type.

The table below shows the resident income tax rates and tax brackets in Singapore for YA 2026 and YA 2027.

Personal Income Tax (PIT) Rates for Resident Individuals
Taxable Income (SGD)		Year of assessment 2026 onwards
Over (column 1)	Not over	Tax on column 1 (SGD)	Percentage on excess (%)
0%	20,000	-	-
20,000	30,000	-	2%
30,000	40,000	200	3.5%
40,000	80,000	550	7%
80,000	120,000	3,350	11.5%
120,000	160,000	7,950	15%
160,000	200,000	13,950	18%
200,000	240,000	21,150	19%
240,000	280,000	28,750	19.5%
280,000	320,000	36,550	20%
320,000	500,000	44,550	22%
500,000	1,000,000	84,150	23%
1,000,000		199,150	24%

The highest income tax tier applies to chargeable income above SGD $1,000,000 at a rate of 24%.

Personal Income Tax (PIT) Due Dates (YA 2026)

Personal Income Tax (PIT) Due Dates
PIT return due date	15 April (18 April if filed electronically)
PIT final payment due date	Within one month from the date of the Notice of Assessment

Central Provident Fund (CPF) Contributions

The Central Provident Fund (CPF) is Singapore’s mandatory social security savings scheme. Singapore citizens and permanent residents (from their third year of residence onward) who are employed are required to contribute to CPF, subject to age-based contribution rates.

Contribution rates vary depending on age and wage level, with total (employer + employee) contributions for employees aged 55 and below generally reaching up to 37% of wages.

CPF contributions are subject to wage ceilings:

Monthly Ordinary Wage (OW) ceiling: SGD $6,800
Annual Ordinary Wage ceiling: SGD $81,600
Annual Total Wage ceiling: SGD $102,000

The table below reflects the CPF contribution treatment based on the applicable wage ceilings:

Central Provident Fund (CPF)
Total Wages	Annual Ordinary Wages	Additional wages subject to CPF contribution (calendar year 2026)
Total wages not more than SGD 102,000	Annual ordinary wages not more than SGD 81,600*	Actual additional wages
Total wages not more than SGD 102,000	Annual ordinary wages exceed SGD 81,600*	Actual additional wages
Total wages exceed SGD 102,000	Annual ordinary wages not more than SGD 81,600*	SGD 102,000 less annual ordinary wages
Total wages exceed SGD 102,000	Annual ordinary wages exceed SGD 81,600*	SGD 20,400 (SGD 102,000 - SGD 81,600*)

Corporate Income Tax Rates in Singapore 2026-2027

Corporate Income Tax (CIT)	Tax Rate (%)
Standard CIT	17%

The Singapore corporate tax rate is 17%, making it one of the more competitive headline corporate tax rates globally.

Partial Tax Exemption (PTE) for Companies

Companies that do not qualify for SUTE may be eligible for the Partial Tax Exemption scheme.

Partial Tax Exemption
Chargeable income (SGD)	Exempt from tax	Exempt income (SGD)
First 10,000	75%	7,500
Next 190,000	50%	95,000
Total		102,500

Start-Up Tax Exemption (SUTE) for Qualifying Start-Up Companies

The Start-Up Tax Exemption applies to qualifying new companies for their first three Years of Assessment, subject to IRAS conditions.

Start-up Tax Exemption
Chargeable income (SGD)	Exempt from tax	Exempt income (SGD)
First 100,000	75%	75,000
Next 100,000	50%	50,000
Total		125,000

Corporate Income Tax Due Dates

Corporate Income Tax (CIT) Due Dates
CIT return due date	30 November
CIT final payment due date	Within one month after the service of the notice of assessment.
CIT estimated payment due dates	An Estimated Chargeable Income (ECI) must be filed within three months after the end of the company’s financial year, unless the company qualifies for an ECI filing waiver. The tax assessed is payable within one month from the Notice of Assessment or may be paid in instalments under an approved GIRO plan.

Capital Gains Tax in Singapore (2026)

Singapore does not impose a capital gains tax (CGT). Profits from the sale of assets such as shares, property, or other investments are generally not taxable.

However, if a person frequently buys and sells assets in a manner that suggests trading or business activity, the Inland Revenue Authority of Singapore (IRAS) may treat those gains as income rather than capital gains. In such cases, the profits may be taxed under Singapore’s income tax rules.

Withholding Tax (WHT) Rates in Singapore (2026)

Withholding tax (WHT) in Singapore generally applies to certain payments made to non-residents, such as interest and royalties. Most payments to Singapore tax residents are not subject to WHT.

Where applicable, the WHT rate depends on the type of income and whether a tax treaty applies. Singapore has entered into double taxation treaties (DTTs) with many countries, which may reduce the statutory WHT rate.

In some cases, WHT is a final tax for the non-resident recipient.

Resident and Non-Resident Withholding Tax (WHT) Rates
Recipient	WHT (%)
Recipient	Dividends	Interest	Royalties
Resident individuals	0	0	0
Resident corporations	0	0	0
Non-residents (non-treaty rate)	0	15	10

Goods and Services Tax (GST) Rate in Singapore

Goods and Services Tax (GST)	Tax Rate (%)
Standard GST	9%

The 9% GST applies to most goods and services supplied in Singapore, as well as imported goods, unless the supply is zero-rated or exempt.

FAQs about IRAS Income Tax Tables in Singapore

What is the tax percentage in Singapore?

Tax rates in Singapore vary depending on the type of tax and whether the taxpayer is an individual or a corporation.

For 2026, the headline tax rates are:

Personal Income Tax (PIT): Up to 24% for tax resident individuals
Corporate Income Tax (CIT): 17% flat rate

Other taxes, such as Goods and Services Tax (GST), apply at different rates. GST is currently 9%.

Non-residents may be taxed at different rates depending on the type of income, such as 15% on employment income (or resident rates, whichever is higher).

What is the tax rate in Singapore in 2026?

The personal tax rate in Singapore ranges from 0% to 24% for tax residents, depending on chargeable income.

For 2026, the key rates are:

Personal Income Tax (PIT): Progressive rates from 0% to 24% for tax residents
Corporate Income Tax (CIT): 17% flat rate
Withholding Tax (WHT):
Residents – generally 0%
Non-residents (non-treaty rates) – typically 15% on interest and 10% on royalties
Goods and Services Tax (GST): 9% standard rate

Non-resident individuals may be taxed at 15% on employment income or resident rates, whichever is higher.

What is the Singapore tax rate in 2027?

What is the Singapore What is the financial year for 2026-2027 in Singapore? rate in 2027?

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