Individuals (resident and non-resident), are only liable to income tax in respect of income accruing in or derived from Singapore. The tax year is the calendar year.
Filing deadline
- Paper file - 15 April
- E-file - 18 April
- Bulk extension by tax preparer - 30 June
Notice of assessment
Most taxpayers should receive their Notice of Assessment from end of April onwards. These are issued in batches so some taxpayers may receive them earlier than others.
Tax assessed has to be paid within 1 month from the date of the Notice of Assessment unless the taxpayer is allowed to pay by instalment through GIRO (a direct debit plan). If you disagree with the tax assessment, you have 30 days to file an objection.
From YA2024, two new personal income tax (PIT) rates of 23% and 24% will be introduced on top of the existing progressive tax rates.