By MoneyBees
Work out non-resident tax for YA2026: employment income at 15% or resident rates, whichever is higher, director's fees and rent at 24%, the 60-day exemption and what a resident would pay.
Employment income is taxed at 15% or the resident progressive rates, whichever gives more tax. Director's fees, rent and most other income are taxed at 24%. Non-residents cannot claim personal reliefs.
A foreigner who stayed or worked in Singapore for less than 183 days in the calendar year before the Year of Assessment, unless a concession applies. For YA2026 that is the year 1 Jan to 31 Dec 2025.
If you are a non-resident and worked in Singapore for 60 days or less in a year, that employment income is exempt. It does not apply to directors, public entertainers or professionals such as consultants, trainers and speakers.
Days of employment include weekends and public holidays. Temporary absences such as leave, and absences for the job such as business trips, still count.
24% from YA2024. Before YA2024 it was 22%. The company paying the fees withholds the tax.
At about S$369,000 of employment income. Below that, 15% gives more tax than the resident rates; above it, the resident rates do.
Yes, under IRAS concessions. A stay of at least 183 days in a row straddling two calendar years, or three consecutive years in Singapore, can make you resident for those years. The two-year concession excludes directors, public entertainers and professionals.
No. The rebate goes only to tax residents, and IRAS lists no rebate for YA2026.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).