A Personal Income Tax Guide for Foreigners in Singapore

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Living and working in Singapore has many benefits. Not only can you pamper yourself with the best place in Asia to live, work and play, you also get to enjoy the other great nations of South-east Asia such as Vietnam, Cambodia, Malaysia, Thailand and Indonesia, which are all not more than two-hours flight away from Singapore’s world-class Changi airport.To top it all – and this probably is the foremost attraction for foreigners wishing to relocate to the city-state – the country offers people-friendly tax policies. In this guide, we present a detailed overview of income tax rates for tax-resident foreigners in Singapore, as well as the various rebates and reliefs that they are entitled to.In general, the Inland Revenue Authority of Singapore (IRAS), Singapore’s tax regulator, treats non-Singaporeans and non-Singapore Permanent Residents as foreigners for tax purposes. Such individuals, depending on their tax-residency status, are liable to income tax on all income derived from or accrued in Singapore.Tax-residency of Foreigners in SingaporeThe Singapore tax rate in which a foreigner pays depends on the tax-residency status, with the cut-off periods being 60 days and 183 days. Let’s understand this in detail.At least 183 days.Under the city-state’s tax residency rules, a foreigner is regarded as a tax resident if he or she stays or works in Singapore for at least 183 days in a calendar year. Notably, the number of counted days includes weekends and public holidays, and any temporary absence from work for overseas vacation or official work.Read more about this personal income tax guide for foreigners in Singapore at Rikvin.com.

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