Tax season for Year of Assessment (YA) 2022 may not be until March next year, but now is in fact the time to start preparing for it. The income you earn from Jan 1 to Dec 31 will be considered for YA 2023, where you'll need to pay your taxes. Here are the tax rates for YA 2017 to YA.
If you’re working in Singapore, chances are, you probably need to pay tax. Here in Singapore, we follow a progressive personal income tax rate that starts at 0 per cent and maxes out at 22 per cent for employment and self-employment incomes above $320,000. Thankfully, there is no capital gain or inheritance tax. Think that this is all too cheem.