Singapore Taxation & IRAS Master Hub 2026
Your complete master guide to Inland Revenue Authority of Singapore (IRAS) personal income tax brackets (0%-24%), GST 9%, 17% corporate tax exemptions (SOTE), property ABSD stamp duty, 0% capital gains, and 183-day residency rules.
Singapore Tax System: 2026 Statutory Framework
Inland Revenue Authority of Singapore (IRAS) Regulatory StandardsSingapore operates on a modified territorial tax system administered by the Inland Revenue Authority of Singapore (IRAS) under the Income Tax Act 1947. Income accrued in or derived from Singapore, or received in Singapore from outside Singapore, is subject to tax, though significant statutory exemptions apply to individual foreign income under Section 13(7A). Personal income tax is strictly progressive, starting at 0% for the first S$20,000 of chargeable income and topping out at 24% for chargeable income exceeding S$1,000,000, keeping Singapore among the lowest-tax developed economies worldwide.
For corporations, Singapore maintains a competitive headline rate of 17%, bolstered by generous startup exemptions (SOTE) and partial tax exemptions (PTE) that dramatically lower the effective corporate tax burden. In tandem with 0% capital gains tax, 0% dividend withholding tax, and an extensive network of over 100 comprehensive Double Tax Agreements (DTAs), the city-state serves as a premier international wealth, corporate treasury, and family office hub. Real estate transactions remain strictly regulated via Buyer's Stamp Duty (BSD) and progressive Additional Buyer's Stamp Duty (ABSD) to maintain housing stability.
Key Statutory Tax Rates & Benchmarks (Year of Assessment 2026)
| Tax Type / Parameter | Statutory Rate / Threshold | Regulatory Details & Exemptions |
|---|---|---|
| Personal Income Tax | 0% – 24% (Progressive) | First S$20,000 tax-exempt; top 24% applies above S$1,000,000 |
| Corporate Income Tax | 17% Flat Rate | Start-up Tax Exemption (SOTE) gives 75% relief on first S$100k |
| Capital Gains Tax | 0% (No CGT) | Gains from shares, crypto, real estate, and investments fully exempt |
| Goods & Services Tax (GST) | 9% Standard Rate | Applies to domestic consumption and digital imported services |
| Tax Residency Criterion | 183-Day Physical Rule | Qualifies for progressive resident tiers and personal reliefs |
| Foreign Buyer ABSD | 60% Additional Duty | Levied on foreign individuals purchasing private residential property |
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