Singapore Income Tax Rates 2026: Complete Guide for Investors
This page is for informational purposes only and does not constitute financial advice.
Singapore personal income tax rates in 2026 apply on a progressive scale from 0% to 24% for residents. Singapore has no capital gains tax and no dividend withholding tax for residents, making it one of the most investor-friendly tax regimes in Asia. Key deductions include CPF relief and SRS contributions.
Singapore Income Tax Brackets 2026
| Chargeable Income | Tax Rate |
|---|---|
| First S$20,000 | 0% |
| S$20,001–S$30,000 | 2% |
| S$30,001–S$40,000 | 3.5% |
| S$40,001–S$80,000 | 7% |
| S$80,001–S$120,000 | 11.5% |
| S$120,001–S$160,000 | 15% |
| S$160,001–S$200,000 | 18% |
| S$200,001–S$240,000 | 19% |
| S$240,001–S$280,000 | 19.5% |
| S$280,001–S$320,000 | 20% |
| Above S$320,000 | 22–24% |
Always verify current rates on IRAS.gov.sg. The top marginal rate increased to 24% for income above S$1 million effective YA 2024.
No Capital Gains Tax in Singapore
Singapore has no capital gains tax. Profits from selling SGX-listed stocks, S-REITs, ETFs, unit trusts, and most other assets are tax-exempt for individual investors. This applies to local and overseas property gains too. Exception: if IRAS determines an individual’s trading constitutes a trade or business (very frequent trading), gains may be taxable as business income — rarely applicable to retail investors.
Key Tax Reliefs for Singapore Investors (2026)
CPF Cash Top-Up Relief: Up to S$8,000 deductible for own SA/RA top-ups + S$8,000 for family members (S$16,000 total). SRS Contribution Relief: Up to S$15,300 p.a. for citizens/PRs (S$35,700 for foreigners) — fully deductible from chargeable income. Use our SRS Tax Savings Calculator to see your exact savings. Maximum relief cap: S$80,000 per YA for all personal reliefs combined.
Tax for Non-Residents in Singapore
Non-residents pay a flat 15% on employment income, or progressive resident rates — whichever is higher. Director fees and professional services income: 22–24% withholding. Investment income (dividends, capital gains) from Singapore is generally not taxed for non-residents under the one-tier system and CGT exemption. Rental income from Singapore properties is taxable even for non-residents. Refer to IRAS for full details.
Frequently Asked Questions
What are Singapore income tax rates in 2026?
Progressive from 0% on the first S$20,000 of chargeable income to 24% above S$1 million. Most middle-income earners pay effective rates well below 10%.
Is there capital gains tax in Singapore?
No. Singapore does not levy capital gains tax on profits from selling stocks, REITs, ETFs, or most other investments for individual investors.
Are dividends taxed in Singapore?
Most dividends from Singapore-incorporated companies are tax-exempt under the one-tier system. Singapore individual investors do not pay personal income tax on SGX stock dividends or S-REIT distributions.
How can I reduce income tax in Singapore?
Key strategies: SRS contributions (up to S$15,300 deductible for citizens/PRs), CPF SA/RA cash top-ups (up to S$8,000 deductible), and eligible personal reliefs. Maximum combined relief cap is S$80,000 per YA.
What is the top income tax rate in Singapore 2026?
24%, applying to chargeable income above S$1 million. This top rate was introduced effective YA 2024.
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