[Singapore] Announced in Budget 2015, taxable income received by Singapore tax residents from calendar year 2016 will be subjected to the new personal income tax rate structure for individual taxpayers which take effect from Year of Assessment (YA) 2017.

These changes will only affect individual deriving more than $160,000 chargeable income whereby; the next $40,000 after the first $160,000 derived will be taxed at 18% (previously 17%) and income in excess of $320,000 will be taxed at 22% (previously 20%).
The personal income tax rate structures for Singapore tax resident individuals for YA 2017 and prior are summarised in the Tables below;

Tax rate structure prior to YA 2017
Chargeable IncomeTax Rate (%)Tax Payable ($)
First $20,00000
Next $10,0002200
First $30,000200
Next $10,0003.5350
First $40,000550
Next $40,00072,800
First $80,0003,350
Next $40,00011.54,600
First $120,0007,950
Next $ 40,000156,000
First $160,00013,950
Next $ 40,000176,800
First $200,00020,750
Next $120,0001821,600
First $320,00042,350
In excess of $320,00020

Tax rate structure prior with effect from YA 2017
Chargeable IncomeTax Rate (%)Tax Payable ($)
First $20,00000
Next $10,0002200
First $30,000200
Next $10,0003.5350
First $40,000550
Next $40,00072,800
First $80,0003,350
Next $40,00011.54,600
First $120,0007,950
Next $ 40,000156,000
First $160,00013,950
Next $40,000187,200
First $200,00021,150
Next $40,000197,600
First $240,00028,750
Next $40,00019.57,800
First $280,00036,550
Next $40,000208,000
First $320,00044,550
In excess of $320,00022