Quick Guide: Income Tax for Foreigners and Returning Singaporeans
By law, individuals are required to file income tax returns and pay their annual income taxes to the Inland Revenue Authority of Singapore (IRAS). This applies to a majority of full-time employees in the country including Singaporean citizens, Permanent Residents (PRs) and foreigners deriving income in Singapore. This year, the COVID-19 pandemic and resulting Circuit…
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Singapore Tax Guide: Income Tax Act
Foreign companies looking to set up subsidiaries in Singapore should be well aware of the local corporate taxation laws. It is also vital for local business owners to keep abreast with the latest tax regulations in the country. The Income Tax Act of Singapore is the law that governs both individual and corporate taxation matters.…
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Personal Income Tax Rates in Singapore and in Asia
Individuals are required to file annual income tax returns to the Inland Revenue Authority of Singapore (IRAS) and pay income tax at the local prevailing personal income tax rate charged on chargeable income. This applies to Singaporean citizens (SCs) and to Permanent Residents (PRs) as well as foreigners deriving income in Singapore. Singapore’s personal income…
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Tax Guide: Personal Income Tax Filing in Singapore
Individual taxes in Singapore are defined and collected by the Inland Revenue Authority of Singapore (IRAS). This institution has established different tax brackets and conditions for residents and non-residents working in Singapore. This guide for locals and foreigners will outline the process for annual personal income tax filing in Singapore. Individual Taxes in Singapore The…
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Singapore Budget 2020 – Individuals and Households
NAVIGATION Individual Income Tax Rate Extension Of Withholding Tax Exemption For Non-Resident Mediators Extension Of Withholding Tax Exemption For Non-Resident Arbitrators Extension Of Concessionary Withholding Tax Rate For Non-Resident Public Entertainers (NRPEs) Lapse Of Angel Investors Tax Deduction (AITD) Scheme Rental Waiver For Hawkers Service And Conservancy Charges (S&CC) Rebate Additional Gst Voucher – U-Save…
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