Personal Income Tax

Personal Tax Rates

Income Tax Rate
Tax rate on first 20,000 0%
Tax rate on next 10,000 2%
Tax rate on next 10,000 3.5%
Tax rate on next 40,000 7%
Tax rate on next 40,000 11.5%
Tax rate on next 40,000 15%
Tax rate on next 40,000 17%
Tax rate on next 120,000 18%
Tax rate on above 320,000 20%
Tax rate on capital gains 0%
Tax rate on income earned overseas 0%
Tax rate on dividends received from Singapore company 0%