The Singapore Personal Income Tax System is one of the lowest and most progressive in the world. The budget released every year by the Singapore ministry comprises of personal income tax rates that are progressive in nature.
The tax year of Singapore is from January 1 to December 31 and the due date for filing income tax returns is April 15 of each year. The assessment of income tax is done on the preceding year basis.
Detailed information can be found at https://www.iras.gov.sg/taxes/individual-income-tax/basics-of-individual-income-tax
The GA Group provides you with income tax planning services, guidance for saving tax on your personal income and many more Singapore tax services. Furthermore, we also help you in the process of filing income tax returns with IRAS along with other related formalities.
Please feel free to contact us via our contact form.
