Singapore Income Tax Calculator 2026: Rates, Reliefs and Filing Guide
Updated April 2026 · 10 min read
Singapore Tax System: Among the Lowest in the World
Singapore personal income tax tops out at 22 percent — compared to 45 percent in Australia, 40 percent in the UK, and 37 percent in the US. Add zero capital gains tax, zero inheritance tax, and zero tax on most foreign income, and Singapore is one of the most tax-efficient countries globally. Use our tax calculator (switch to SGD) to see your exact tax liability.
On a SGD 100,000 annual income: tax is approximately SGD 5,650 — an effective rate of just 5.65 percent. Compare that to Australia where the same income incurs approximately AUD 24,967 in tax plus Medicare Levy. Singapore low tax rates are a genuine competitive advantage for workers and investors.
Tax Reliefs That Most Singaporeans Miss
Beyond CPF top-up (SGD 8,000) and SRS (SGD 15,300), commonly missed reliefs include: course fees relief (SGD 5,500 for approved courses), parent relief (SGD 9,000 for supporting parents), NSman relief (SGD 1,500 to 5,000), working mother child relief (15 to 25 percent of income per child), and charitable donation relief (250 percent of donations to approved institutions).
File through the IRAS myTax Portal. Most employees receive pre-filled returns — review the numbers, add any additional reliefs and deductions, and submit. Calculate your take-home with our salary calculator and plan your budget with our paycheck calculator.
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Frequently Asked Questions
What are Singapore income tax rates for 2026?
Progressive rates from 0 to 22 percent. First SGD 20,000: 0 percent. SGD 20,001 to 30,000: 2 percent. SGD 30,001 to 40,000: 3.5 percent. SGD 40,001 to 80,000: 7 percent. SGD 80,001 to 120,000: 11.5 percent. Rates increase to 22 percent above SGD 320,000. Plus temporary tax of 2 percent surcharge for incomes above SGD 500,000.
Is there capital gains tax in Singapore?
No. Singapore has no capital gains tax on investments, property sales, or any other asset appreciation. This makes Singapore one of the most tax-efficient places in the world for investors and property owners.
How can I reduce my Singapore income tax?
CPF voluntary top-up relief (SGD 8,000 self plus SGD 8,000 family). SRS contribution (SGD 15,300 for citizens/PR). Charitable donations (250 percent deduction to approved charities). Course fees relief, NSman relief, parent relief, working mother child relief, and foreign domestic worker levy relief.
When is the Singapore tax filing deadline?
April 18 for paper filing, April 18 for e-filing. Most employees receive pre-filled returns via myTax Portal from IRAS. Review, amend if needed, and submit. Late filing can result in penalties and estimated assessments.
Do I pay tax on overseas income in Singapore?
Generally no. Singapore uses a territorial tax system — only income earned in or remitted to Singapore is taxable. Foreign-sourced income remitted to Singapore may be exempt under certain conditions. This benefits expats and global investors significantly.