You will need to pay taxes, and the amount of tax that you pay depends on how much you have earned and on your tax residency in Singapore.
As a resident, you will be taxed on all income earned in Singapore and any overseas income that was brought into Singapore prior to 1 Jan 2004. Your income, after deduction of tax reliefs, will be taxed at progressive resident rates. The foreign-sourced income (with the exception of those received through partnerships in Singapore) brought into Singapore on or after 1 Jan 2004 is tax exempt.
Tax implications at a glance
| If your period of stay (including work) in Singapore |
Resident status |
Tax implications |
| Is 60 days or less |
Non-resident |
Your short term employment income is exempt from tax. |
| Is 61 to 182 days in a year |
Non-resident |
Your income earned in Singapore will be taxed at 15% or progressive resident rates, whichever is higher. Director's fees and other income earned in or derived from Singapore are taxed at the prevailing rate of 22% |
| Is at least 183 days in a year |
Resident for that year |
All your income will be taxed at progressive resident rates. You may claim tax reliefs. |
| Is at least 183 days for a continuous period over two years |
Resident for both years |
As above |
| Covers three consecutive years |
Resident for both years |
As above |
Please refer to the Inland Revenue Authority of Singapore's website at www.iras.gov.sg for more information.
