Tuesday, December 23, 2014

Tax rates in Singapore...

Tax rates for resident individuals


From YA 2012 onwards

Chargeable Income 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
-
17
13 950
  6 800
First $200,000
Next $120,000
-
18
20 750
21 600
First $320,000
Above $320,000
-
20
Read more here
42 350

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