Regimes: 6
Not Ordinarily Resident (NOR) scheme
Not Ordinarily Resident (NOR) Scheme
Closed to new entrantsFor people relocating
Exemption of the part of salary for days worked abroad (10% tax floor)
Details
- Who
- Tax residents granted NOR status by IRAS (the last one for YA 2020–2024); foreigners arriving now cannot use it.
- How it works
- The scheme has ceased: the last NOR status was granted for YA 2020–2024 and ended with YA 2024. Its benefits were time apportionment of employment income for days on business abroad (at least 90 days outside Singapore, employment income of at least SGD 160,000, 10% tax floor on total employment income) and exemption of employer contributions to non-mandatory overseas pension funds.
- How to opt in
- Closed: no new NOR status is granted; the last ones ended with YA 2024.
- Limits and risks
- Did not cover director's fees or Singapore tax borne by the employer.
- Legal basis
- IRAS — Not Ordinarily Resident (NOR) Scheme (updated 02.03.2026)
- Checked
- 10 November 2026
Short-term employment exemption for non-residents (up to 60 days)
Exemption of short-term employment income of non-residents (60 days)
OpenFor employees
Salary for up to 60 days of work a year is not taxed
Details
- Who
- Non-residents who work in Singapore for 60 days or less in a calendar year; not for company directors, public entertainers or professionals.
- How it works
- Salary for work in Singapore of no more than 60 days a year is exempt. It does not apply where the trips are incidental to a Singapore employment.
- How to opt in
- No application: applies when the conditions are met.
- Limits and risks
- From day 61: 15% or the resident rates if higher; director's fees are taxed at 24%.
- Legal basis
- Income Tax Act 1947, s. 13(6)–(7); IRAS — Working out my tax residency (updated 12.05.2026)
- Checked
- 10 November 2026
Exemption of foreign-sourced income received by individuals
Exemption of foreign-sourced income received in Singapore by individuals
OpenOther
Foreign income (e.g. dividends and interest) received in Singapore is not taxed
Details
- Who
- Individuals resident in Singapore with income from abroad (other than income received through a partnership in Singapore).
- How it works
- Foreign-sourced income received in Singapore (including into a Singapore bank account) is generally not taxable and need not be declared. Exceptions: income received through a partnership in Singapore; employment income for work abroad that is incidental to a Singapore employment, or pay from a foreign employer for work in Singapore.
- How to opt in
- No application; such income is not declared.
- Limits and risks
- Does not cover income through a Singapore partnership; the source country may still tax the income under its rules and the treaty.
- Legal basis
- Income Tax Act 1947, s. 13(7A); IRAS — Income received from overseas (updated 02.03.2026)
- Checked
- 10 November 2026
No tax on individuals' capital gains, one-tier dividends and qualifying interest
Non-taxation of capital gains, one-tier dividends and qualifying interest of individuals
OpenFor investors
0% on capital gains, one-tier dividends and deposit interest
Details
- Who
- Individual investors (resident and non-resident) who do not trade assets as a business.
- How it works
- Gains from selling property, shares and financial instruments (including digital tokens) are generally not taxable, except trading with a profit-seeking motive (frequency, reasons, holding period). Dividends from Singapore companies under the one-tier system are not taxable (except co-operatives). Interest on deposits with approved banks and licensed finance companies in Singapore, on debt securities and from foreign sources is not taxable.
- How to opt in
- No application; non-taxable gains are not declared.
- Limits and risks
- Trading in property or assets as a business is taxable; debt securities and foreign interest qualify only if not held through a partnership or as trading stock.
- Legal basis
- IRAS — Gains from sale of property, shares and financial instruments (27.02.2026); Dividends (27.02.2026); Interest (15.10.2026)
- Checked
- 10 November 2026
Supplementary Retirement Scheme (SRS)
OpenFor pensioners
Deduction of contributions up to SGD 35,700 (foreigners) and tax on only 50% of retirement withdrawals
Details
- Who
- Citizens, permanent residents and foreigners aged 18 or over who open an SRS account with an SRS operator.
- How it works
- SRS contributions are deductible in the following Year of Assessment: up to SGD 15,300 a year for citizens and PRs and SGD 35,700 for foreigners (within the overall SGD 80,000 relief cap). After the statutory retirement age only 50% of withdrawals is taxable and they can be spread over 10 years; premature withdrawals are fully taxable with a 5% penalty.
- How to opt in
- Open an SRS account with an SRS operator and contribute; the relief is granted in the Year of Assessment following the year of contribution.
- Limits and risks
- For foreigners and PRs the operator withholds 24% from withdrawals (15% if annual withdrawals are no more than SGD 200,000 and there is no other income); the final tax is settled on filing.
- Legal basis
- IRAS — SRS contributions (updated 14.08.2026); Tax on SRS withdrawals (updated 03.09.2026)
- Checked
- 10 November 2026
Fixed Expense Deduction Ratio (FEDR) for the self-employed
Fixed Expense Deduction Ratio (FEDR) for self-employed persons and platform workers
OpenFor the self-employed
Deduction of 20–60% of income without proof of expenses
Details
- Who
- Self-employed commission agents, taxi and private-hire car drivers, and delivery workers.
- How it works
- Instead of actual expenses, a fixed share of income may be deducted: commission agents 25% (total gross income no more than SGD 50,000); taxi and private-hire drivers 60%; delivery workers 20% (on foot, public transport, non-powered bicycles), 35% (motorised PMDs, power-assisted bicycles, motorcycles), 60% (vans), if gross delivery income is no more than SGD 50,000.
- How to opt in
- Chosen each year in the return (e-Filing); applied automatically to pre-filled income.
- Limits and risks
- Only for the listed activities; SGD 50,000 income limits for agents and delivery workers; actual expenses may be claimed instead.
- Legal basis
- IRAS — Fixed Expense Deduction Ratio for self-employed persons and platform workers (updated 01.09.2026)
- Checked
- 10 November 2026
DoubleTaxation