Singapore Tax Guide 2026 — Why Expats Love It

Singapore is often called the "Switzerland of Asia" for taxes. Low rates, simple system, and no capital gains tax. Here's exactly what you'll pay.

2026 Income Tax Rates

Singapore uses a progressive but low tax system:

Chargeable Income	Rate	Effective Rate
First $20,000	0%	0%
Next $10,000	2%	0.7%
Next $10,000	3.5%	1.4%
Next $10,000	7%	2.0%
Next $40,000	11.5%	4.1%
Next $40,000	15%	6.4%
Next $40,000	18%	8.9%
Next $120,000	19%	13.4%
Above $320,000	24%	varies

What You Actually Pay

Gross Annual (SGD)	Effective Tax Rate	Monthly Take-Home
$50,000	~2.5%	~$4,060
$80,000	~4.5%	~$6,370
$100,000	~6.5%	~$7,790
$150,000	~10.5%	~$11,190
$200,000	~13.5%	~$14,420
$500,000	~20%	~$33,330

What's Not Taxed

• ✅ Capital gains (stocks, crypto, property) — $0 tax
• ✅ Dividends — $0 tax
• ✅ Inheritance — $0 tax
• ✅ Foreign income — $0 tax (if not remitted to Singapore)
• ✅ GST refund on exports

Employer CPF (Pension)

For citizens/PRs: 17-20% employer + 20% employee = forced savings
For EP holders (work pass): $0 — you pay nothing. No employer CPF contribution.

This is huge. Most countries take 15-40% in social contributions. Singapore takes zero from foreign workers at the typical EP/Employment Pass salary level.

Cost of Reality

Singapore is expensive:

• Rent (1br condo in city): SGD $2,500-4,500/month
• Car (COE + car): SGD $100,000+ for a Toyota
• International school: SGD $25,000-45,000/year per child

So while take-home is high, living costs eat a chunk. Still, net savings rate is generally higher than equivalent salary in London or New York.

Compare Singapore vs Your Country

See exactly how much you'd save at TaxYourSalary.com — compare Singapore against 9+ countries.

Figures for 2026. Tax resident rates shown. Non-residents pay flat 15% or progressive rates, whichever is higher.