Employment income
Types of employment income and benefits-in-kind (to be computed by your employer)
What is taxable, what is not
Generally, income earned in or derived from Singapore is chargeable to income tax, while overseas income received in Singapore is
not taxable, except in some circumstances.
Income from employment
Income from trade, business, profession or vocation
Self-employed, partnership or trade, business, profession, vocation income
Including gig work and freelance income
Income received from overseas
Some overseas income received in Singapore must be reported in your tax return
Income received in the form of Government Grants
Find out if these payouts will be auto-included in your tax return
Income received in the form of virtual currencies
Businesses that accept digital tokens are subject to normal Income Tax rules
Income from property or investments and other sources
Rent from property
Learn how to report rental income and claim rental expenses
Dividends
Taxable dividends must be reported in your tax return
Interest
Taxable interests must be reported in your tax return
Gains from sale of property, shares and financial instruments
Taxable gains must be reported in your tax return
Income from other sources
Annuity (recurring annual payments)
Check the taxability of annuity
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Charge (alimony and maintenance payments)
Check the taxability of alimony and maintenance payments in Singapore
Estate/Trust income
Check the taxability of estate/trust income received from an estate under administration or a trust
National Service Housing, Medical and Education (NS HOME) Award and LifeSG credits
Check the taxability of the awards
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Royalty
Royalties are taxable though tax concessions are available
Winnings (Toto, 4D…)
Winnings received from betting or lottery are not taxable
Withdrawals from Supplementary Retirement Scheme (SRS)
Different tax rates apply depending on the year of your withdrawal