Singapore Tax System 2026
Singapore has one of the most business-friendly and low-tax systems globally. Tax residents enjoy progressive rates from 0% to 24%, with the first $20,000 completely tax-free.
YA 2026 Tax Rates (Residents)
| Chargeable Income |
Rate |
Tax |
| First $20,000 | 0% | $0 |
| Next $10,000 | 2% | $200 |
| Next $10,000 | 3.5% | $350 |
| Next $40,000 | 7% | $2,800 |
| Next $40,000 | 11.5% | $4,600 |
| Next $40,000 | 15% | $6,000 |
| Above $160,000 | 18-24% | - |
🎉 YA 2026 Special Rebate:
All residents receive a 60% rebate, capped at $200. This is Singapore's 60th independence anniversary gift!
Tax Residency
You're a tax resident if you:
- Are a Singapore Citizen or PR residing in Singapore
- Stayed/worked in Singapore for 183+ days
- Worked continuously for 3 consecutive years
Non-residents pay 15% flat rate on employment income.
CPF (Central Provident Fund)
- Employee: 20% (SC/PR only)
- Employer: 17% (additional)
- Ceiling: $7,400/month ($88,800/year)
- Not a tax! It's YOUR retirement savings
Personal Reliefs
- Earned Income: $1,000
- CPF Cash Top-Up: $7,000 (self) + $7,000 (family)
- SRS Contributions: $15,300
- Course Fees: $5,500
- NS Relief: $3,000-$5,000
- Total cap: $80,000/year
What's NOT Taxed
- Capital gains (no tax!)
- Inheritance (no tax!)
- Most dividends
- CPF withdrawals
- Foreign income (generally)
Why Singapore is Tax-Friendly
Pros:
- First $20,000 tax-free
- Max rate 24% (vs 45-53% in other countries)
- No capital gains tax
- No inheritance tax
- Simple system
- CPF provides guaranteed returns
Cons:
- High cost of living
- CPF locked until retirement
- Non-residents pay flat 15%
Important: This calculator uses IRAS YA 2026 rates. Results are estimates. Consult a tax professional for accurate filing.