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.
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