Accounting Solutions Singapore Editorial Team · Last reviewed 18 October 2026
If you own or run a company, your personal tax is rarely just a salary slip. You may also have director’s fees, dividends, rental income or income from abroad. How that income is paid, and which reliefs you claim, changes your bill. This page covers the basics for Singapore residents, then explains where we help.
At a glance
| Question | Short answer |
|---|---|
| Resident tax rates | 0% on the first S$20,000 of chargeable income, rising in bands to 24% above S$1 million |
| Total relief cap | S$80,000 per Year of Assessment. Donation deductions are not reliefs, so the cap does not apply to them |
| Filing window | Opens 1 March. For YA 2026 it closed on 18 April 2026 |
| Who is resident? | Citizens and PRs who normally live here; foreigners who stay or work here at least 183 days in the calendar year, subject to concessions |
| Non-residents | Employment income at 15% or the resident rates, whichever is higher; director’s fees, consultancy and other income generally at 24% |
| Where to file | myTax Portal |
How resident tax is worked out
You are taxed on your chargeable income: your income less your reliefs and deductions. Rates are progressive, so each band is taxed at its own rate.
| Chargeable income | Rate on that band |
|---|---|
| First S$20,000 | 0% |
| Next S$10,000 | 2% |
| Next S$10,000 | 3.5% |
| Next S$40,000 | 7% |
| Next S$40,000 | 11.5% |
| Next S$40,000 | 15% |
| Next S$40,000 | 18% |
| Next S$40,000 | 19% |
| Next S$40,000 | 19.5% |
| Next S$40,000 | 20% |
| Next S$180,000 | 22% |
| Next S$500,000 | 23% |
| Above S$1,000,000 | 24% |
Example (illustration only). A resident director of ABC Pte Ltd has income of S$180,000 in the year and claims S$30,000 of reliefs, so her chargeable income is S$150,000. Tax by band:
| Band | Tax |
|---|---|
| First S$20,000 at 0% | S$0 |
| Next S$10,000 at 2% | S$200 |
| Next S$10,000 at 3.5% | S$350 |
| Next S$40,000 at 7% | S$2,800 |
| Next S$40,000 at 11.5% | S$4,600 |
| Last S$30,000 (to S$150,000) at 15% | S$4,500 |
| Total | S$12,450 |
Who counts as a resident
Singapore citizens and permanent residents who normally live in Singapore are resident, apart from temporary absences. Foreigners are resident if they stayed or worked here for at least 183 days in the previous calendar year. There are concessions for people who stay across two or three consecutive years, and for those on a work pass of at least a year. Non-residents are taxed differently, and generally can’t claim personal reliefs.
Reliefs, and the cap
Personal reliefs, such as those for parents, children and spouse, and for contributions to certain schemes, reduce your chargeable income. Total reliefs are capped at S$80,000 per Year of Assessment. Approved donations are deductions, not reliefs, so the cap does not apply to them.
Relief for SRS contributions and CPF cash top-ups is subject to limits that depend on your circumstances, and the rules change. We haven’t listed the amounts here. Check IRAS’s reliefs page for the current figures, or ask us.
Directors: salary, fees and dividends
Business owners often get paid in a mix: salary, director’s fees and dividends. They are taxed differently.
- Salary and director’s fees are taxable income. Salary also carries CPF. Director’s fees are income in the year they are approved, not when they are paid.
- Dividends from a Singapore-resident company under the one-tier system are generally not taxed again in the shareholder’s hands.
There is no formula that works for everyone. The right mix depends on your company’s tax position, your CPF, your reliefs and your cash needs. We look at the company and the individual together, which a personal tax specialist working alone can’t.
Filing and the timeline
IRAS opens filing on 1 March. For YA 2027 the e-filing deadline was 18 April 2027.
| When | What to do |
|---|---|
| January to February | Gather income statements, director’s fee resolutions, investment and rental records |
| February to March | Review reliefs and deductions |
| March to 18 April | File through myTax Portal. Check the income pre-filled by employers who take part in the Auto-Inclusion Scheme |
| After filing | Check the Notice of Assessment when it arrives. If something is wrong, object within the time stated on the notice |
Which form you file depends on your income. Form B1 is generally for individuals with employment and other non-business income. Form B is for those with income from a trade, business or partnership.
How we help
- Executive remuneration review. How your salary, fees and dividends fit together, and what each does to your tax.
- Relief and deduction check. Making sure you claim what you’re entitled to, within the S$80,000 cap, and keep the evidence.
- Return preparation and filing. Preparing and filing through myTax Portal.
- Cross-border income. If you have income from overseas, tell us. Whether and how it is taxed in Singapore depends on the facts.
- Notices of Assessment. Checking them against your return and advising on objections.
Questions we get asked
Do I have to file if my employer files for me? Check your Notice from IRAS. IRAS tells you whether you need to file.
I’m a director but also a foreign national. Residency turns on days in Singapore. We can check which side of the line you fall on.
Do you handle my company’s tax too? Yes. See our corporate tax services. Doing both together avoids the two returns telling different stories.
Get your personal tax reviewed
Send us your last Notice of Assessment and a list of your income sources. We’ll tell you what we’d look at first. Get your personal tax reviewed.
Sources
- MOF, Personal income tax (S$80,000 relief cap, donations outside the cap)
- IRAS, Tax season 2026: all you need to know
- IRAS, Individual income tax rates
This page is general information as at the date above, not legal, regulatory or professional advice. Rules change, so please take advice on your own circumstances before acting.