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Information on 2013 Personal Income Tax Rates

This article intends to provide a gist of the rates of personal income tax in Singapore for the year 2013. Singapore is a great example of competitive tax rates with taxation starting from 0% and going up to maximum 20%. There are a host of personal relief measures to get deductions in your tax liabilities. You need not pay any tax on income received from outside the country. Similarly, there is no burden of capital gains and taxes that are charge related. Take a look at the following chart to get a quick view of the income and the personal income taxes applicable.

Year of Assessment 2012 / 2013

Chargeable Income Rate (%) Gross Tax Payable ($)
On the first
On the next
20,000
10,000
0
2
0
200
On the first
On the next
30,000
10,000
-
3.5
200
350
On the first
On the next
40,000
40,000
-
7
550
2,800
On the first
On the next
On the next
80,000
40,000
40,000
-
11.5
15
3,350
4,600
6,000
On the first
On the next
On the next
160,000
40,000
120,000
-
17
18
13,950
6,800
21,600
On the first
In excess of
320,000
320,000
-
20
42,350
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