Singapore

An individual is a Singapore tax resident for a Year of Assessment if they are a Singapore Citizen or Permanent Resident who normally resides in Singapore, or a foreigner who has stayed or worked in Singapore for at least 183 days in the previous calendar year, continuously for 3 consecutive years, or for a continuous period straddling two calendar years totaling at least 183 days. A stay of less than 183 days makes a foreigner a non-resident.

Individuals must e-File their Income Tax Return by 18 April each year. A return saved as a draft must still be submitted within 14 days of saving it or by 18 April, whichever is earlier.

A non-resident individual's employment income is taxed at a flat 15%, or at the progressive resident rates, whichever produces the higher tax amount. Other income, including director's fees, pension, and rental income, is taxed at a flat 24%, except for specific income types subject to reduced withholding tax rates.

Resident individuals may claim personal tax reliefs, subject to an overall relief cap, as well as deductions for rental expenses, qualifying donations, and, for employees, work-related expenses such as home-office costs not reimbursed by their employer. Self-employed individuals may deduct qualifying business expenses.

Singapore's Supplementary Retirement Scheme (SRS) lets individuals contribute to a special retirement account and claim tax relief on their contributions, with only half of withdrawals made from the statutory retirement age onward counted as taxable income. A separate Not Ordinarily Resident scheme, which gave qualifying individuals preferential tax treatment, stopped accepting new applicants in 2020, and the last status it granted expired in Year of Assessment 2024.

GST registration is required once a business's taxable supplies in Singapore exceed SGD 1 million over a 12-month period; voluntary registration is available below that threshold, subject to conditions. Overseas suppliers of remote digital services or low-value goods to non-GST-registered customers in Singapore must separately register once such supplies exceed SGD 100,000 in a 12-month period and their global annual turnover is at least SGD 1 million.

The only exemptions from GST are prescribed financial services, the sale or rental of residential properties, the sale of digital payment tokens, and the import and local supply of prescribed investment precious metals; zero-rating applies only to the export of goods and international services.