Taxes for expats in Singapore

Cheryl Moderator

Member since 15 October 2018

CherylModeratorYesterday 05:32:50

13431

Hello everyone,

When settling in and living in Singapore, you will also need to navigate the local tax system. In order to help newcomers and expats ease their tax-related experience, we would like to invite you to share your experience.

What are the taxes applicable to expats in Singapore?

Have there been any recent changes in tax regulations that expats should know about?

Are there any local tax incentives or agreements with your home country?

Have you come across any unexpected or unusual local tax?

What do you wish you had known earlier about taxes in Singapore?

Share your insights and experience.

Thank you for your contribution.

Cheryl
九色视频 Team

beppi Germany/Singapore Expert

Member since 08 August 2010

Germany & Singapore Expert

beppiGermany/Singapore ExpertYesterday 06:50:55

15463

In Singapore, income tax is paid in the year after the income accrued. (Thus it is wise to put aside sufficient funds for this when the income is paid to you.) The due amount is calculated by the tax authority ("IRAS") based on your (compulsory) yearly tax declaration.

Tax rates are low (compared to other developed countries), rules are clear and easy to understand, preparing the tax declaration (and entering it into an online system) is simple and quick.