Jobs In Singapore

Singapore Tax

 Unlike many offshore financial centres, if you take up permanent employment in Singapore you will be charged income tax.

The 2007 rates of income tax were:

Chargeable Income        Rate (%)          Gross Tax Payable ($)

First $20,000                  0                       0

Next $10,000                 3.5                     350

First $30,000                  -                       350

Next $10,000                 5.5                    550

First $40,000                 -                        900

Next $40,000                  8.5                    3,400

First $80,000                 -                         4,300

Next $80,000                 14                      11,200

First $160,000               -                         15,500

Next $160,000               17                       27,200

First $320,000               -                         42,700

Above $320,000            20

If you accept a part-time job in Singapore and are there for between 60 and 183 days per year, your income will be taxed at 15% or on the rates above, whichever gives rise to higher tax.

In addition you will be expected to contribute to the social security savings scheme known as the Central Provident Fund (CPF).

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