Tax resident and non-resident – Shop for sale Singapore
Different tax rates apply for tax residents and non-residents. A person will be treated as a tax resident for a particular Year of Assessment (YA) if he is a, shop for sale Singapore:
- Singaporean; or
- Singapore Permanent Resident (SPR) who have established his permanent home in Singapore; or
- Foreigner who stayed/worked in Singapore for 183 days or more in previous year (excludes director of a company).
| Chargeable Income |
Rate (%) |
Gross Tax Payable ($) |
| First $20,000 Next $10,000 |
0 |
0 |
| First $30,000 Next $10,000 |
– |
350 |
| First $40,000 Next $40,000 |
– |
900 |
| First $80,000 Next $80,000 |
– |
4 300 |
| First $160,000 Next $160,000 |
– |
15 500 |
| First $320,000 Above $320,000 |
– |
42 700 |
For YA 2008, 2009 and 2011, a personal income tax rebate of 20%, up to a maximum of $2,000 is granted.
Otherwise, he will be treated as a non-resident of Singapore for tax purposes.
Tax rates for non-resident individuals:
Employment income: taxed at 15% or resident rate, whichever higher.
Director’s fees, consultation fees & all other income: taxed at 20% from YA 2005 onwards.
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