Personal Tax Services
What is the due date for personal income tax filing in Singapore?↓
The personal income tax filing deadline in Singapore is 15 April of each year. Singapore adopts the preceding calendar year basis e.g. an individual’s income in 2016 is taxed in the Year of Assessment (͞YA) 2017 and due for filing by 15 April 2017.
Who is considered Singapore resident for tax purposes?↓
You are considered a tax resident of Singapore in YA 2017 if you stayed / worked in Singapore for at least 183 days in 2016. Under an administrative concession, you can be considered a resident for YAs 2017 and 2018 if you stayed or worked in Singapore for a continuous period of at least 183 days over two consecutive years 2016 and 2017.
Company pays for my accommodation, will there be tax consequences?↓
Yes, this benefit comes under the umbrella of benefits-in-kind which refers to benefits received by employees, from the employer, in non-cash form. There is a need to ascertain the tax treatment of these benefits received for compliance in the personal tax filing.
Generally, the taxable value of the accommodation benefit is computed based on the Annual value (AV) of the property depending on whether it is partially or fully furnished, net of any rental paid by the employee.Where the AV cannot be ascertained, the rental cost borne by employer/market rent may be used instead. Housing allowance paid in cash to the employee is fully taxable.
Am I a non-resident if I travel outside Singapore for almost ½ the year?↓
You will likely be considered a resident if you are a Singapore Citizen or Permanent Resident and your travel is seen as temporary and incidental to your main employment exercised in Singapore i.e. as part of your work here, you need to travel overseas.
Tax Rate for Resident Individual (Resident Rate) from YA 2017 (Income in calendar year 2016)
Tax Rate for Non Resident Individuals
You are a non-resident if you have stayed/worked in Singapore for less than 183 days or if you are a director of a company in Singapore without an employment pass. Your employment income is taxed at the higher of resident rate (0 to 22%) or 15%. Income not derived from employment e.g. director fees, consultation income, rental income is taxed at a flat rate of 22% from YA 2017. Further, a non-resident individual cannot claim personal reliefs.