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Singapore Individual Income Tax Rates for Residents and Non-Residents | 2025 Guide

Introduction: What’s New for YA 2025?

Singapore’s tax landscape is evolving. For the Year of Assessment (YA) 2025, individuals will face a higher top marginal tax rate of 24%, along with a generous 60% tax rebate (capped at S$200) for eligible residents. This guide explains the updated personal income tax rates, residency rules, relief options, and filing updates so you can minimize your tax bill and file with confidence.

Updated Income Tax Rates for Individuals (YA 2025)

Singapore continues to use a progressive tax system for residents. As of YA 2024 (filing in 2025), here’s the revised tax rate table:

Tax Residency: Why It Matters

Your tax residency status determines your applicable tax rates, eligibility for reliefs, and access to rebates.

Who Qualifies as a Tax Resident?

A Singapore Citizen or PR residing in Singapore, or

A foreigner who has:

Stayed at least 183 days in the calendar year,

Worked continuously for 3 consecutive years, or

Stayed a total of 183 days over two years (straddling calendar years).

Tax Rates Based on Residency

Residents pay progressive tax rates (0%–24%) and qualify for tax rebates and reliefs.

Non-residents are taxed:

15% flat on employment income, or resident rates (whichever is higher),

24% flat on director’s fees, rental income, and other non-employment income.

Tip: IRAS’s Tax Residency Tool is a useful resource to check your status.

SG60 Tax Rebate for YA 2025

In celebration of Singapore’s 60th birthday, tax residents will receive an automatically applied 60% rebate on tax payable, capped at S$200.

Simplified Tax Filing: NFS & D‑NOA

What’s New in Tax Filing for 2025?

1.9 million taxpayers will enjoy the No-Filing Service (NFS).

500,000 individuals will receive a Direct Notice of Assessment (D‑NOA): no return submission required unless corrections are needed.

You’ll receive your assessment by mid-March 2025. If any details are inaccurate, log into myTax Portal and make changes within 30 days.

Post-Rebate Tax Calculations

Let’s look at a simplified scenario:

Example 1: Middle-Income Earner

Chargeable Income: S$100,000

Tax Payable (before rebate): ~S$6,000

Rebate (60%): S$200 (capped)

Final Tax Payable: ~S$5,800

Example 2: High-Income Earner

Chargeable Income: S$500,000+

Tax Payable: >S$60,000

Rebate: Still S$200 (maxed out)

How to Maximize Tax Reliefs (Cap: S$80,000)

Tax residents can claim up to S$80,000 in total personal reliefs. Here are the most impactful categories:

Retirement & Savings Reliefs

CPF Cash Top-Ups: Up to S$8,000 (self) + S$8,000 (family)

Supplementary Retirement Scheme (SRS): Up to S$15,300 (Singaporeans/PRs); S$35,700 (foreigners)

Family-Related Reliefs

Qualifying Child Relief (QCR): S$4,000 per child

Working Mother’s Child Relief (WMCR): Fixed—S$8,000 (1st), S$10,000 (2nd), S$12,000 (3rd+)

Parenthood Tax Rebate (PTR)*: S$5,000–S$20,000 (offsets tax directly)

Other Common Reliefs

Grandparent Caregiver Relief (GCR): S$3,000

Course Fees Relief: Up to S$5,500

Donations: 250% tax deduction for donations to IPC-approved charities

*Note: PTR is a rebate, not a relief. Unused amounts can be carried forward.

Residents vs Non-Residents: Quick Comparison Table

File Smart, Save More

YA 2025 introduces significant updates, including:

A higher 24% top tax rate,

A generous 60% tax rebate (capped at S$200), and

Streamlined filing through NFS and D‑NOA.

By understanding your tax residency, leveraging available reliefs, and verifying your filing status, you can take full advantage of Singapore’s tax framework. Maximize your Singapore income tax savings for YA 2025 by understanding updated rates, utilizing tax reliefs, and filing on time.

Unsure how the new tax rates and rebates affect you? Plutus’s experienced tax advisors will assess your situation, file accurately with IRAS, and help you benefit from all available rebates and deductions for YA 2025. Contact us for a consultation now!