Tax Rates 2024 Singapore. Singapore income tax rates for residents range from 0% to 22%. To achieve greater progressivity, the top marginal personal income tax rate will be increased with effect from ya 2024.

Chargeable income in excess of $500,000 up to $1 million will be taxed at 23%, while that in excess of $1 million will be taxed at 24%; The inland revenue authority of singapore (iras) has published an overview of tax changes in the budget for the financial year 2024, which was delivered on 16 february.