Singapore Resident Tax Rates 2019

For Year of Assessment 2019

Source: IRAS

Chargeable Income Income Tax Rate (%) Gross Tax Payable ($)
First $20,000
Next $10,000
0
2
0
200
First $30,000
Next $10,000

3.50
200
350
First $40,000
Next $40,000

7
550
2,800
First $80,000
Next $40,000

11.5
3,350
4,600
First $120,000
Next $40,000

15
7,950
6,000
First $160,000
Next $40,000

18
13,950
7,200
First $200,000
Next $40,000

19
21,150
7,600
First $240,000
Next $40,000

19.5
28,750
7,800
First $280,000
Next $40,000

20
36,550
8,000
First $320,000
In excess of $320,000

22

44,550

 

Personal Tax Rebate 2019

For Year of Assessment 2019

Source: IRAS

Declared in Budget 2019, all tax resident individuals in Singapore will receive an income tax rebate of 50% of tax payable, capped at a maximum of $200 per taxpayer as part of the Bicentennial Bonus. 

 

 

Who is Eligible for the Tax Rebate?

You will be treated as a tax resident in Singapore if you meet the following requirement during the year of assessment:

  • You are a Singapore Citizen/ Singapore Permanent Resident (SPR) who resides in Singapore
  • OR a foreigner who has resided in Singapore (excluding director of a company) for 183 days or more in the previous year before the Year of  Assessment.

 

Calculation of Tax Rebate

The amount of tax rebate that you are entitled to is calculated based on the amount of tax payable:

  • after double taxation relief (DTR) and other credits; and-
  • before offsetting the Parenthood Tax Rebate

There are many other types of tax rebates for Singaporeans such as for NSmen or family-related rebates; be sure to check IRAS’ website for a complete and updated list of tax rebates available.

 

Application for Tax Rebate

The tax rebate is given and computed automatically. No action is required at the end of tax residents for the application of tax rebates.