Saturday, November 28, 2015

SG Income Tax for Foreign Individuals

Tax on Foreigner (individual) in Singapore:

1. Foreign individual employees who exercised employment in Singapore for less than 60 days in a year is exempt from Singapore income tax. Exemption does not apply for directors' emolument and professionals.

2. For the same above working in SG for >60 days but < 183 days a calendar year is subjected to: a. SG income tax of 15% flat rate on the gross amount with no personal reliefs and deductions granted or b. Tax payable on a SG resident individual basis; whichever is higher.

3. For > 183 days, will be considered as tax resident of SG.

4. Rental income (less allowable expenses) derived from properties in SG by foreigner is subjected to 20% tax.