Singapore Income Tax Rates 2026: Investor’s Complete Guide
For informational purposes only — not financial advice.
Singapore personal income tax rates in 2026 apply progressively from 0% to 24% for resident individuals. Singapore has no capital gains tax and no dividend withholding tax for residents — one of Asia’s most investor-friendly tax regimes. Residents can reduce taxable income through CPF top-up relief and SRS contributions.
Singapore Personal 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% |
Top marginal rate increased to 24% for income above S$1 million effective YA 2024. Verify current rates at IRAS.gov.sg. Use our Singapore Income Tax Calculator.
No Capital Gains Tax in Singapore
Singapore has no capital gains tax. Profits from selling SGX stocks, S-REITs, ETFs, unit trusts, and most other investments are completely tax-free for individual investors. This covers local and overseas property gains too. The exception: IRAS may classify very frequent trading as a trade or business and tax profits accordingly — rarely applicable to retail investors building long-term portfolios.
Key Tax Reliefs for Singapore Investors (2026)
CPF Cash Top-Up Relief: Up to S$8,000 for own SA/RA top-ups + S$8,000 for family members’ CPF (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 and CPF Cash Top-Up Calculator. Combined personal relief cap: S$80,000 per YA.
Tax Rates for Non-Residents in Singapore
Non-residents on employment income pay 15% flat or progressive resident rates — whichever is higher. Director fees and professional services: 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. Singapore property rental income is taxable even for non-residents. See IRAS for full guidance.
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 has no 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 companies are tax-exempt under the one-tier system. Singapore individual investors pay no 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 — introduced effective YA 2024 as part of Singapore’s enhanced progressive tax structure.