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By Tax Accountants on Jun 30, 2011 |Business
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Tax Accountants is dedicated to assisting our individual clients. Just as there is no average tax return, there is no average client.
We have drawn the following information relating to individual taxation that you may find useful. If you are interested in any area that is not covered, please contact us. Just email us at info@taxaccountants.com.sg.
Singapore Tax Residents
Different tax rates apply for tax residents and non-residents. You will be treated as a tax resident for a particular Year of Assessment (YA) if you are a:
• Singaporean; or
• Singapore Permanent Resident if you have established your permanent home in Singapore; or
• Foreigner who stayed / worked in Singapore for 183 days or more in previous year (excludes director of a company).
Otherwise, you will be treated as a non-resident of Singapore for tax purposes.
Tax rates for Singapore tax resident individuals (From Year 2011 onwards)

Non-resident Individuals
Your employment income is taxed at 15% or resident rate, whichever gives rise to a higher tax amount. The director's fees, consultation fees and all other income that you received will be taxed at 20%. Payments such director's fees may be subject to Singapore withholding tax.
Help and Advice
Tax Accountants Pte Ltd provides reliable and affordable services in Singapore which include accounting, bookkeeping, payroll, corporate tax services and individual income tax services. Our work processes are designed to be efficient and cost-effective. Our aim is to relieve you of the burdens of statutory compliance and enable you to focus on running and growing your business. Contact us now so we can discuss your requirements; Email us today at info@taxaccountants.com.sg.
For more information, visit:
Tax Accountants Pte Ltd
10 Anson Road, #26-04 International Plaza, Singapore 079903
Telephone : (65) 6604 2608
Fax : (65) 6725 8438
Email : info@taxaccountants.com.sg
Website: http://taxaccountants.com.sg/
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About Tax Accountants
Tax Accountants serves the tax and accountancy needs of small and medium sized businesses. Email us today at info@taxaccountants.com.sg for more information.
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