Singapore » Taxes

Property Tax	Income Tax	Goods and ServicesTax

Property Tax

A property tax is imposed on the annual gross rental of building and land. Owner-occupiers are taxed at 4% and other property owners at 12%.

Income Tax

The personal income of residents in Singapore is subject to income tax calculated on a sliding scale ranging from 2% on the first $5,000 to 28% on income greater than $400,000.

Goods and Services Tax

GST is a flat-rate consumption tax of 5% applied to almost all goods and services consumed in the country.