Here’s a question I keep hearing lately: Is Singapore still a low-tax country in 2026?
Short answer—yes. And the longer answer is actually more interesting.
For Singapore personal income tax 2026, the government didn’t shake things up. No surprise rate hikes. No last-minute shocks. For many taxpayers, that kind of stability is almost a relief in today’s uncertain world.
Singapore Personal Income Tax Rates for YA 2026
For Year of Assessment 2026 (that’s income earned in 2025), resident tax rates remain progressive, starting at zero and topping out at 24 percent.
That top rate only applies if your chargeable income exceeds S$320,000. Most people won’t even come close. This is one reason Singapore continues to attract professionals, entrepreneurs, and global talent.
Non-residents? They’re taxed at a flat 24 percent on Singapore-sourced employment income, although short-term assignments may still enjoy concessions.
Think about it this way. In many global cities, a 24 percent top rate would be a dream.
No Personal Income Tax Rebate This Time
If you enjoyed the one-off 60 percent personal income tax rebate in YA 2025, here’s the thing—it’s gone.
For YA 2026, no broad tax rebate has been announced. That signals a shift away from blanket relief toward more targeted support. It doesn’t mean taxes are higher. It simply means planning matters more this year.
Quiet Changes to Tax Reliefs You Should Know
This is where many taxpayers get caught off guard.
From YA 2026 onward:
- CPF cash top-ups under the Matched Retirement Savings Scheme no longer give tax relief
- MediSave matching top-ups also lose their deduction benefit
- Course Fees Relief, capped at S$5,500, ended after YA 2025
The good news? Core reliefs remain firmly in place. Earned income relief, spouse and child relief, parent relief, CPF contributions, and approved donations still apply. The overall relief cap stays at S$80,000.
Donations continue to enjoy 250 percent tax deduction until end-2026, which is worth paying attention to if you already give to charity.
A Quick Snapshot of Singapore Personal Income Tax 2026
| Key Aspect | YA 2026 Status |
|---|---|
| Resident Tax Rates | 0 percent to 24 percent |
| Top Marginal Rate | 24 percent above S$320,000 |
| Personal Tax Rebate | Not available |
| Course Fees Relief | Ended after YA 2025 |
| CPF Top-Up Relief (MRSS) | No deduction from YA 2026 |
| Donations Deduction | 250 percent until end-2026 |
Do Corporate Tax Changes Affect You?
Indirectly, yes.
New rules like the permanent safe-harbor for certain share disposals and listing incentives mainly target businesses. But if you’re a founder, investor, or high-net-worth individual, these changes can influence how you structure income and exits.
Smart Planning Tips for 2026
I always tell people this: stable taxes don’t mean lazy planning.
Use the IRAS tax calculator. Review which reliefs still apply. Time your donations wisely. And if your income is complex, professional advice can save more than it costs.
Singapore personal income tax 2026 may look unchanged on the surface, but the details matter.
Frequently Asked Questions
Are Singapore income tax rates increasing in 2026?
No. For YA 2026, resident tax rates remain unchanged, with a progressive structure from zero to 24 percent. The government has kept rates stable to preserve competitiveness and provide predictability for taxpayers.
Is there any personal income tax rebate for YA 2026?
No. The one-off personal income tax rebate applied only to YA 2025. For YA 2026, taxpayers should not expect a similar rebate and should plan their reliefs carefully.
Which tax reliefs were removed from YA 2026?
Course Fees Relief ended after YA 2025. CPF cash top-ups under the Matched Retirement Savings Scheme and MediSave matching top-ups no longer qualify for tax deductions from YA 2026 onward.