The top marginal personal income tax rate rose to 24% on chargeable income above S$1 million from year-of-assessment 2024 (previously 22%). The lower bands were unchanged. A meaningful but not-dramatic move; Singapore's overall personal-tax position remains highly competitive against North American or Western European jurisdictions.
High-income Singapore tax residents.
Primary: IRAS — Inland Revenue Authority of Singapore ↗
Verified 2026-04-19 · methodology · report a correction