Personal Taxation
In general, individuals are liable to Singapore income tax only on income accruing in or derived from Singapore.
Not Ordinarily Resident (NOR) Scheme
Under the NOR scheme, the following tax concessions may be applied on a yearly basis if deemed beneficial:
a) Time Apportionment of Singapore Employment Income
Under the time apportionment concession, a resident NOR taxpayer will not be taxed on the portion of his Singapore employment income that corresponds to the number of days he/she has spent outside Singapore for business reasons provided that:
Where tax on their apportioned Singapore employment income is less than 10%, they will be subject to a floor tax rate of 10% of total Singapore employment income.
This scheme is especially beneficial for expats in Singapore who must travel extensively (i.e. regional role, etc.).
b) Tax Exemption of Employer's Contribution to Non-Mandatory Overseas Pension Fund or Social Security Scheme
Under this concession, tax exemption is granted to an employee with tax NOR status on any contribution (subject to a cap) made by the employer to any non-mandatory overseas pension funds or social security scheme, provided that he/she is neither a Singapore Permanent Resident nor a Singapore citizen and the following conditions are met:
Click here to download the Doing Business in Singapore 2023 guide
This website uses cookies.
Some of these cookies are necessary, while others help us analyse our traffic, serve advertising and deliver customised experiences for you.
For more information on the cookies we use, please refer to our Privacy Policy.
This website cannot function properly without these cookies.
Analytical cookies help us enhance our website by collecting information on its usage.
We use marketing cookies to increase the relevancy of our advertising campaigns.