The total income of a resident individual is taxed on a sliding scale as follows:

 

Income tax rates (for the calendar year 2016 for tax residents)

From SGD

To SGD

Tax Rate

0

$20,000

0%

$20,001

$30,000

2%

$30,001

$40,000

3.5%

$40,001

$80,000

7%

$80,001

$120,000

11.5%

$120,001

$160,000

15%

$160,001

$200,000

18%

$200,001

$240,000

19%

$240,001

$280,000

19.5%

$280,001

$320,000

20%

Above $320,000

 

22%

The income of a non-resident individual will be taxed at the highest of 15% or the progressive tax rate.