Tax Rates

Corporate Income Tax

Personal Income Tax

Value Added Tax

Fringe Benefits Tax

Capital Gains Tax

Environment and climate adoptation levy

Service Turnover Tax

Telecommunications Levy

Social Responsibility Tax

Gambling Turnover Tax

Resident Interest Withholding Tax

Provisional Tax

Non-Resident Withholding Taxes

Non-Resident International Shipping Income Tax

Tax Year	Tax Rate (Excluding SPSE Listed Companies)	Tax Rate for SPSE Listed Companies	Concessionary Rate for Regional or Global Headquarters	Effective Date
2024	25%	25% or 15% upto 7 Years	25%	Tax Year 2024 Onwards
2023	25%	25% or 15% upto 7 Years	25%	Tax Year 2023
2022	20%	20% or 10% upto 7 Years	17%	Tax Year 2022
2021	20%	10%	17%	Tax Year 2021
2020	20%	10%	17%	Tax Year 2020
2019	20%	10%	17%	Tax Year 2019
2018	20%	10%	17%	Tax Year 2018

Resident Income Tax Rate

Tax Year 2024

These income tax rates apply to Personal Income Tax assessments for resident individuals from the 2024 tax year onwards and will remain effective until amended by the Income Tax Regulations.

Chargeable Income ($)	Income Tax ($)
0 – 30,000	Nil
30,001 – 50,000	18% of excess over $30,000
50,001 – 270,000	$3,600 + 20% of excess over $50,000
270,001 – 300,000	$47,600 + 33% of excess over $270,000
300,001 – 350,000	$57,500 + 34% of excess over $300,000
350,001 – 400,000	$74,500 + 35% of excess over $350,000
400,001 – 450,000	$92,000 + 36% of excess over $400,000
450,001 – 500,000	$110,000 + 37% of excess over $450,000
500,001 – 1,000,000	$128,500 + 38% of excess over $500,000
1,000,001 +	$318,500 + 39% of excess over $1,000,000

Income Tax Rates for Non-Resident Individuals.

These income tax rates apply to Personal Income Tax assessments for non-resident individuals from the 2024 tax year onwards and will remain effective until amended by the Income Tax Regulations.

Chargeable Income ($)	Income Tax ($)
0 – 30,000	20% of excess over $0
30,001 – 50,000	$6,000 + 20% of excess over $30,000
50,001 – 270,000	$10,000 + 20% of excess over $50,000
270,001 – 300,000	$54,000 + 33% of excess over $270,000
300,001 – 350,000	$63,900 + 34% of excess over $300,000
350,001 – 400,000	$80,900 + 35% of excess over $350,000
400,001 – 450,000	$98,400 + 36% of excess over $400,000
450,001 – 500,000	$116,400 + 37% of excess over $450,000
500,001 – 1,000,000	$134,900 + 38% of excess over $500,000
1,000,001 +	$324,900 + 39% of excess over $1,000,000

Year of Assessment 2022 Onwards

Chargeable Income ($)	Tax Payable ($)	Social Responsibility Tax ($)
0 – 30,000	Nil	Nil
30,001 – 50,000	18% of excess over $30,000	Nil
50,001 – 270,000	$3,600 + 20% of excess over $50,000	Nil
270,001 – 300,000	$47,600 + 20% of excess over $270,000	18% of excess over $270,000
300,001 – 350,000	$53,600 + 20% of excess over $300,000	$5,400 + 19% of excess over $300,000
350,001 – 400,000	$63,600 + 20% of excess over $350,000	$14,900 + 20% of excess over $350,000
400,001 – 450,000	$73,600 + 20% of excess over $400,000	$24,900 + 21% of excess over $400,000
450,001 – 500,000	$83,600 + 20% of excess over $450,000	$35,400 + 22% of excess over $450,000
500,001 – 1,000,000	$93,600 + 20% of excess over $500,000	$46,400 + 23% of excess over $500,000
1,000,001 +	$193,600 + 20% of excess over $1,000,000	$161,400 + 24% of excess over $1,000,000

Year of Assessment 2020 and 2021

Chargeable Income ($)	Tax Payable ($)	Social Responsibility Tax ($)	Environment and Climate Adaptation Levy ($)
0 – 30,000	Nil	Nil	Nil
30,001 – 50,000	18% of excess over $30,000	Nil	Nil
50,001 – 270,000	$3,600 + 20% of excess over $50,000	Nil	Nil
270,001 – 300,000	$47,600 + 20% of excess over $270,000	18% of excess over $270,000	5% of excess over $270,000
300,001 – 350,000	$53,600 + 20% of excess over $300,000	$5,400 + 19% of excess over $300,000	5% of excess over $270,000
350,001 – 400,000	$63,600 + 20% of excess over $350,000	$14,900 + 20% of excess over $350,000	5% of excess over $270,000
400,001 – 450,000	$73,600 + 20% of excess over $400,000	$24,900 + 21% of excess over $400,000	5% of excess over $270,000
450,001 – 500,000	$83,600 + 20% of excess over $450,000	$35,400 + 22% of excess over $450,000	5% of excess over $270,000
500,001 – 1,000,000	$93,600 + 20% of excess over $500,000	$46,400 + 23% of excess over $500,000	5% of excess over $270,000
1,000,001 +	$193,600 + 20% of excess over $1,000,000	$161,400 + 24% of excess over $1,000,000	5% of excess over $270,000

Year of Assessment 2018 and 2019

Chargeable Income ($)	Tax Payable ($)	Social Responsibility Tax ($)	Environment and Climate Adaptation Levy (ECAL) ($)
0 – 30,000	Nil	Nil	Nil
30,001 – 50,000	18% of excess over $30,000	Nil	Nil
50,001 – 270,000	$3,600 + 20% of excess over $50,000	Nil	Nil
270,001 – 300,000	$47,600 + 20% of excess over $270,000	13% of excess over $270,000	10% of excess over $270,000
300,001 – 350,000	$53,600 + 20% of excess over $300,000	$3,900 + 14% of excess over $300,000	10% of excess over $270,000
350,001 – 400,000	$63,600 + 20% of excess over $350,000	$10,900 + 15% of excess over $350,000	10% of excess over $270,000
400,001 – 450,000	$73,600 + 20% of excess over $400,000	$18,400 + 16% of excess over $400,000	10% of excess over $270,000
450,001 – 500,000	$83,600 + 20% of excess over $450,000	$26,400 + 17% of excess over $450,000	10% of excess over $270,000
500,001 – 1,000,000	$93,600 + 20% of excess over $500,000	$34,900 + 18% of excess over $500,000	10% of excess over $270,000
1,000,001 +	$193,600 + 20% of excess over $1,000,000	$124,900 + 19% of excess over $1,000,000	10% of excess over $270,000

Year of Assessment 2017 (1st August – 31st December 2017)

Chargeable Income ($)	Tax Payable ($)	Social Responsibility Tax ($)	Environmental and Climate Adaptation Levy (ECAL) ($)
0 – 30,000	Nil	Nil	Nil
30,001 – 50,000	18% of excess over $30,000	Nil	Nil
50,001 – 270,000	$3,600 + 20% of excess over $50,000	Nil	Nil
270,001 – 300,000	$47,600 + 20% of excess over $270,000	13% of excess over $270,000	10% of excess over $270,000
300,001 – 350,000	$53,600 + 20% of excess over $300,000	$3,900 + 14% of excess over $300,000	10% of excess over $270,000
350,001 – 400,000	$63,600 + 20% of excess over $350,000	$10,900 + 15% of excess over $350,000	10% of excess over $270,000
400,001 – 450,000	$73,600 + 20% of excess over $400,000	$18,400 + 16% of excess over $400,000	10% of excess over $270,000
450,001 – 500,000	$83,600 + 20% of excess over $450,000	$26,400 + 17% of excess over $450,000	10% of excess over $270,000
500,001 – 1,000,000	$93,600 + 20% of excess over $500,000	$34,900 + 18% of excess over $500,000	10% of excess over $270,000
1,000,001 +	$193,600 + 20% of excess over $1,000,000	$124,900 + 19% of excess over $1,000,000	10% of excess over $270,000

Year of Assessment 2017 (1st January – 31st July)

Chargeable Income ($)	Tax Payable ($)	Social Responsibility Tax ($)
0 – 16,000	Nil	Nil
16,001 – 22,000	7% of excess over $16,000	Nil
22,001 – 50,000	$420 + 18% of excess over $22,000	Nil
50,001 – 270,000	$5,460 + 20% of excess over $50,000	Nil
270,001 – 300,000	$49,460 + 20% of excess over $270,000	23% of excess over $270,000
300,001 – 350,000	$55,460 + 20% of excess over $300,000	$6,900 + 24% of excess over $300,000
350,001 – 400,000	$65,460 + 20% of excess over $350,000	$18,900 + 25% of excess over $350,000
400,001 – 450,000	$75,460 + 20% of excess over $400,000	$31,400 + 26% of excess over $400,000
450,001 – 500,000	$85,460 + 20% of excess over $450,000	$44,400 + 27% of excess over $450,000
500,001 – 1,000,000	$95,460 + 20% of excess over $500,000	$57,900 + 28% of excess over $500,000
1,000,001 +	$195,460 + 20% of excess over $1,000,000	$197,900 + 29% of excess over $1,000,000

Year of Assessment 2013, 2014, 2015, 2016

Chargeable Income ($)	Tax Payable ($)	Social Responsibility Tax ($)
0 – 16,000	Nil	Nil
16,001 – 22,000	7% of excess over $16,000	Nil
22,001 – 50,000	$420 + 18% of excess over $22,000	Nil
50,001 – 270,000	$5,460 + 20% of excess over $50,000	Nil
270,001 – 300,000	$49,460 + 20% of excess over $270,000	23% of excess over $270,000
300,001 – 350,000	$55,460 + 20% of excess over $300,000	$6,900 + 24% of excess over $300,000
350,001 – 400,000	$65,460 + 20% of excess over $350,000	$18,900 + 25% of excess over $350,000
400,001 – 450,000	$75,460 + 20% of excess over $400,000	$31,400 + 26% of excess over $400,000
450,001 – 500,000	$85,460 + 20% of excess over $450,000	$44,400 + 27% of excess over $450,000
500,001 – 1,000,000	$95,460 + 20% of excess over $500,000	$57,900 + 28% of excess over $500,000
1,000,001 +	$195,460 + 20% of excess over $1,000,000	$197,900 + 29% of excess over $1,000,000

Year of Assessment 2012

Chargeable Income ($)	Tax Payable ($)	Social Responsibility Tax ($)
0 – 15,600	Nil	Nil
15,601 – 22,000	7% of excess over $15,600	Nil
22,001 – 50,000	$448 + 18% of excess over $22,000	Nil
50,001 – 270,000	$5,488 + 20% of excess over $50,000	Nil
270,001 – 300,000	$49,488 + 20% of excess over $270,000	23% of excess over $270,000
300,001 – 350,000	$55,487 + 20% of excess over $300,000	$6,900 + 24% of excess over $300,000
350,001 – 400,000	$65,487 + 20% of excess over $350,000	$18,900 + 25% of excess over $350,000
400,001 – 450,000	$75,487 + 20% of excess over $400,000	$31,400 + 26% of excess over $400,000
450,001 – 500,000	$85,487 + 20% of excess over $450,000	$44,400 + 27% of excess over $450,000
500,001 – 1,000,000	$95,487 + 20% of excess over $500,000	$57,900 + 28% of excess over $500,000
1,000,001 +	$195,488 + 20% of excess over $1,000,000	$197,900 + 29% of excess over $1,000,000

Non-Resident Income Tax Rate

Year of Assessment 2022 Onwards

Information to be added.

Year of Assessment 2020 and 2021

Chargeable Income ($)	Tax Payable ($)	Social Responsibility Tax ($)	Environment and Climate Adaptation Levy ($)
0 – 30,000	20% of excess over $0	Nil	Nil
30,001 – 50,000	$6,000 + 20% of excess over $30,000	Nil	Nil
50,001 – 270,000	$10,000 + 20% of excess over $50,000	Nil	Nil
270,001 – 300,000	$54,000 + 20% of excess over $270,000	13% of excess over $270,000	5% of excess over $270,000
300,001 – 350,000	$60,000 + 20% of excess over $300,000	$3,900 + 14% of excess over $300,000	5% of excess over $270,000
350,001 – 400,000	$70,000 + 20% of excess over $350,000	$10,900 + 15% of excess over $350,000	5% of excess over $270,000
400,001 – 450,000	$80,000 + 20% of excess over $400,000	$18,400 + 16% of excess over $400,000	5% of excess over $270,000
450,001 – 500,000	$90,000 + 20% of excess over $450,000	$26,400 + 17% of excess over $450,000	5% of excess over $270,000
500,001 – 1,000,000	$100,000 + 20% of excess over $500,000	$34,900 + 18% of excess over $500,000	5% of excess over $270,000
1,000,001 +	$200,000 + 20% of excess over $1,000,000	$124,900 + 19% of excess over $1,000,000	5% of excess over $270,000

Year of Assessment 2017 (1st August onwards), 2018 and 2019

Chargeable Income ($)	Tax Payable ($)	Social Responsibility Tax ($)	Environment and Climate Adaptation Levy ($)
0 – 30,000	20% of excess over $0	Nil	Nil
30,001 – 50,000	$3,200 + 20% of excess over $16,000	Nil	Nil
50,001 – 270,000	$4,400 + 20% of excess over $22,000	Nil	Nil
270,001 – 300,000	$54,000 + 20% of excess over $270,000	13% of excess over $270,000	10% of excess over $270,000
300,001 – 350,000	$60,000 + 20% of excess over $300,000	$3,900 + 14% of excess over $300,000	10% of excess over $270,000
350,001 – 400,000	$70,000 + 20% of excess over $350,000	$10,900 + 15% of excess over $350,000	10% of excess over $270,000
400,001 – 450,000	$80,000 + 20% of excess over $400,000	$18,400 + 16% of excess over $400,000	10% of excess over $270,000
450,001 – 500,000	$90,000 + 20% of excess over $450,000	$26,400 + 17% of excess over $450,000	10% of excess over $270,000
500,001 – 1,000,000	$100,000 + 20% of excess over $500,000	$34,900 + 18% of excess over $500,000	10% of excess over $270,000
1,000,001 +	$200,000 + 20% of excess over $1,000,000	$124,900 + 19% of excess over $1,000,000	10% of excess over $270,000

Year of Assessment 2017 (1st January – 31st July)

Chargeable Income ($)	Tax Payable ($)	Social Responsibility Tax ($)
0 – 16,000	20% of excess over $0	Nil
16,001 – 22,000	$3,200 + 20% of excess over $16,000	Nil
22,001 – 50,000	$4,400 + 20% of excess over $22,000	Nil
50,001 – 270,000	$10,000 + 20% of excess over $50,000	Nil
270,001 – 300,000	$54,000 + 20% of excess over $270,000	23% of excess over $270,000
300,001 – 350,000	$60,000 + 20% of excess over $300,000	$6,900 + 24% of excess over $300,000
350,001 – 400,000	$70,000 + 20% of excess over $350,000	$18,900 + 25% of excess over $350,000
400,001 – 450,000	$80,000 + 20% of excess over $400,000	$31,400 + 26% of excess over $400,000
450,001 – 500,000	$90,000 + 20% of excess over $450,000	$44,400 + 27% of excess over $450,000
500,001 – 1,000,000	$100,000 + 20% of excess over $500,000	$57,900 + 28% of excess over $500,000
1,000,001 +	$200,000 + 20% of excess over $1,000,000	$197,900 + 29% of excess over $1,000,000

Year of Assessment 2016, 2015, 2013, and 2012

Chargeable Income ($)	Tax Payable ($)	Social Responsibility Tax ($)
0 – 16,000	20% of excess over $0	Nil
16,001 – 22,000	$3,200 + 20% of excess over $16,000	Nil
22,001 – 50,000	$4,400 + 20% of excess over $22,000	Nil
50,001 – 270,000	$10,000 + 20% of excess over $50,000	Nil
270,001 – 300,000	$54,000 + 20% of excess over $270,000	23% of excess over $270,000
300,001 – 350,000	$60,000 + 20% of excess over $300,000	$6,900 + 24% of excess over $300,000
350,001 – 400,000	$70,000 + 20% of excess over $350,000	$18,900 + 25% of excess over $350,000
400,001 – 450,000	$80,000 + 20% of excess over $400,000	$31,400 + 26% of excess over $400,000
450,001 – 500,000	$90,000 + 20% of excess over $450,000	$44,400 + 27% of excess over $450,000
500,001 – 1,000,000	$100,000 + 20% of excess over $500,000	$57,900 + 28% of excess over $500,000
1,000,001 +	$200,000 + 20% of excess over $1,000,000	$197,900 + 29% of excess over $1,000,000

Year of Assessment 2012

Chargeable Income ($)	Tax Payable ($)	Social Responsibility Tax ($)
0 – 15,600	20% of excess over $0	Nil
15,601 – 22,000	$3,120 + 20% of excess over $15,600	Nil
22,001 – 50,000	$4,400 + 20% of excess over $22,000	Nil
50,001 – 270,000	$10,000 + 20% of excess over $50,000	Nil
270,001 – 300,000	$53,999 + 20% of excess over $270,000	23% of excess over $270,000
300,001 – 350,000	$59,999 + 20% of excess over $300,000	$6,900 + 24% of excess over $300,000
350,001 – 400,000	$69,999 + 20% of excess over $350,000	$18,900 + 25% of excess over $350,000
400,001 – 450,000	$79,999 + 20% of excess over $400,000	$31,400 + 26% of excess over $400,000
450,001 – 500,000	$89,999 + 20% of excess over $450,000	$44,400 + 27% of excess over $450,000
500,001 – 1,000,000	$99,999 + 20% of excess over $500,000	$57,900 + 28% of excess over $500,000
1,000,001 +	$199,998 + 20% of excess over $1,000,000	$197,900 + 29% of excess over $1,000,000

Year of Assessment 2011, 2010, 2009, and 2008

Chargeable Income ($)	Tax Payable ($)
0 – 9,000	20% of excess over $0
9,001 – 10,000	$1,800 + 25% of excess over $9,000
10,001 – 20,000	$2,050 + 30% of excess over $10,000
20,001 +	$5,050 + 31% of excess over $20,000

Year of Assessment 2007, 2006, and 2005

Chargeable Income ($)	Tax Payable ($)
0 – 8,840	20% of excess over $0
8,841 – 10,000	$1,768 + 25% of excess over $8,840
10,001 – 20,000	$2,058 + 30% of excess over $10,000
20,001 +	$5,058 + 31% of excess over $20,000

Year of Assessment 2004 and 2003

Chargeable Income ($)	Tax Payable ($)
0 – 7,500	20% of excess over $0
7,501 – 10,000	$1,500 + 25% of excess over $7,500
10,001 – 20,000	$2,125 + 30% of excess over $10,000
20,001 +	$5,125 + 32% of excess over $20,000

Year of Assessment 2002

Chargeable Income ($)	Tax Payable ($)
0 – 6,500	20% of excess over $0
6,501 – 10,000	$1,300 + 25% of excess over $6,500
10,001 – 20,000	$2,175 + 31% of excess over $10,000
20,001 +	$5,175 + 32% of excess over $20,000

Year of Assessment 2001

Chargeable Income ($)	Tax Payable ($)
0 – 6,500	20% of excess over $0
6,501 – 10,000	$1,300 + 25% of excess over $6,500
10,001 – 20,000	$2,175 + 31% of excess over $10,000
20,001 +	$5,175 + 34% of excess over $20,000

Tax Year	Tax Rate	Effective Date
2025	0%, 12.5%	1st August 2025
2024	0%, 15%	1st August 2024
2023	0%, 15%	1st August 2023
2022	0%, 9%, 15%	1st April 2022
2021	9%
2020	9%
2019	9%
2018	9%

Tax Year	FBT Rate
2026	20%
2025	20%
2024	20%
2023	20%
2022	20%
2021	20%
2020	20%
2019	20%
2018	20%

Tax Year	CGT Rate
2026	10%
2025	10%
2024	10%
2023	10%
2022	10%
2021	10%
2020	10%
2019	10%
2018	10%

Tax Year	Environment and Climate Adoptation Levy	Effective date
2021	5% (3m)	Till 31st July 2021
2020	5% (3m)	1st August 2020
2019	10% (1.25m)
2018	10% (1.25m)	1st August 2018

Tax Year	Service Turnover Tax	Effective Date
2020	6% (1.25m)	Till 31st July 2020
2019	6% (1.25m)
2018	6% (1.25m)	1st August 2018

Tax Year	Telecommunication Levy
2026	1%
2025	1%
2024	1%
2023	1%
2022	1%
2021	1%
2020	1%
2019	1%
2018	1%

Tax Year	SRT Rate	Effective Date
2023	18% – 24%	Till 31st December 2023
2022	18% – 24%	1st August 2022
2021	13% – 19%
2020	13% – 19%
2019	13% – 19%	1st August 2019
2018	13% – 19%

Tax Year	Gambling Turnover Tax Rate
2026	15%
2025	15%
2024	15%
2023	15%
2022	15%
2021	7% , 15%
2020	7% , 15%
2019	7% , 15%
2018	7% , 15%

From January to July 2021, the Gambling Turnover Tax (GTT) was charged at the rates of 7% and 15%. Effective 1 August 2021, the GTT rate was fixed at 15%, and will remain effective until amended by the GTT Act.

Tax Year	Withholding Tax Rate	Type of Income Received
2026	10%	Interest
2025	10%	Interest
2024	10%	Interest
2023	10%	Interest
2022	10%	Interest
2021	10%	Interest
2020	10%	Interest
2019	10%	Interest
2018	10%	Interest

Tax Year	Rate
2026	5%
2025	5%
2024	5%
2023	5%
2022	5%
2021	5%
2020	5%
2019	5%
2018	5%

Tax Year	Non-Resident Withholding tax Rate	Type of Payments
2026	15%	Royalty, Management fee, Natural resource amount, fee for the provision of professional or other independent services
2025	15%	Royalty, Management fee, Natural resource amount, fee for the provision of professional or other independent services
2024	15%	Royalty, Management fee, Natural resource amount, fee for the provision of professional or other independent services
2023	15%	Royalty, Management fee, Natural resource amount, fee for the provision of professional or other independent services
2022	15%	Royalty, Management fee, Natural resource amount, fee for the provision of professional or other independent services
2021	15%	Royalty, Management fee, Natural resource amount, fee for the provision of professional or other independent services
2020	15%	Royalty, Management fee, Natural resource amount, fee for the provision of professional or other independent services
2019	15%	Royalty, Management fee, Natural resource amount, fee for the provision of professional or other independent services
2018	15%	Royalty, Management fee, Natural resource amount, fee for the provision of professional or other independent services

Tax Year	Non-Resident Withholding Tax Rate	Type of Payments
2026	10%	Interest
2025	10%	Interest
2024	10%	Interest
2023	10%	Interest
2022	10%	Interest
2021	10%	Interest
2020	10%	Interest
2019	10%	Interest
2018	10%	Interest

Tax Year	Non-Resident Withholding Tax Rate	Type of Payments
2026	3%	Insurance Premium
2025	3%	Insurance Premium
2024	3%	Insurance Premium
2023	3%	Insurance Premium
2022	3%	Insurance Premium
2021	3%	Insurance Premium
2020	3%	Insurance Premium
2019	3%	Insurance Premium
2018	3%	Insurance Premium

Tax Year	Non-Resident International Shipping Income Tax
2026	2%
2025	2%
2024	2%
2023	2%
2022	2%
2021	2%
2020	2%
2019	2%
2018	2%

Last Updated - 4 days ago

Tax Rates

Corporate Income Tax

Personal Income Tax

Value Added Tax

Fringe Benefits Tax

Capital Gains Tax

Environment and climate adoptation levy

Service Turnover Tax

Telecommunications Levy

Social Responsibility Tax

Gambling Turnover Tax

Resident Interest Withholding Tax

Provisional Tax

Non-Resident Withholding Taxes

Non-Resident International Shipping Income Tax

Tax Year	Tax Rate (Excluding SPSE Listed Companies)	Tax Rate for SPSE Listed Companies	Concessionary Rate for Regional or Global Headquarters	Effective Date
2024	25%	25% or 15% upto 7 Years	25%	Tax Year 2024 Onwards
2023	25%	25% or 15% upto 7 Years	25%	Tax Year 2023
2022	20%	20% or 10% upto 7 Years	17%	Tax Year 2022
2021	20%	10%	17%	Tax Year 2021
2020	20%	10%	17%	Tax Year 2020
2019	20%	10%	17%	Tax Year 2019
2018	20%	10%	17%	Tax Year 2018

Resident Income Tax Rate

Tax Year 2024

These income tax rates apply to Personal Income Tax assessments for resident individuals from the 2024 tax year onwards and will remain effective until amended by the Income Tax Regulations.

Chargeable Income ($)	Income Tax ($)
0 – 30,000	Nil
30,001 – 50,000	18% of excess over $30,000
50,001 – 270,000	$3,600 + 20% of excess over $50,000
270,001 – 300,000	$47,600 + 33% of excess over $270,000
300,001 – 350,000	$57,500 + 34% of excess over $300,000
350,001 – 400,000	$74,500 + 35% of excess over $350,000
400,001 – 450,000	$92,000 + 36% of excess over $400,000
450,001 – 500,000	$110,000 + 37% of excess over $450,000
500,001 – 1,000,000	$128,500 + 38% of excess over $500,000
1,000,001 +	$318,500 + 39% of excess over $1,000,000

Income Tax Rates for Non-Resident Individuals.

These income tax rates apply to Personal Income Tax assessments for non-resident individuals from the 2024 tax year onwards and will remain effective until amended by the Income Tax Regulations.

Chargeable Income ($)	Income Tax ($)
0 – 30,000	20% of excess over $0
30,001 – 50,000	$6,000 + 20% of excess over $30,000
50,001 – 270,000	$10,000 + 20% of excess over $50,000
270,001 – 300,000	$54,000 + 33% of excess over $270,000
300,001 – 350,000	$63,900 + 34% of excess over $300,000
350,001 – 400,000	$80,900 + 35% of excess over $350,000
400,001 – 450,000	$98,400 + 36% of excess over $400,000
450,001 – 500,000	$116,400 + 37% of excess over $450,000
500,001 – 1,000,000	$134,900 + 38% of excess over $500,000
1,000,001 +	$324,900 + 39% of excess over $1,000,000

Year of Assessment 2022 Onwards

Chargeable Income ($)	Tax Payable ($)	Social Responsibility Tax ($)
0 – 30,000	Nil	Nil
30,001 – 50,000	18% of excess over $30,000	Nil
50,001 – 270,000	$3,600 + 20% of excess over $50,000	Nil
270,001 – 300,000	$47,600 + 20% of excess over $270,000	18% of excess over $270,000
300,001 – 350,000	$53,600 + 20% of excess over $300,000	$5,400 + 19% of excess over $300,000
350,001 – 400,000	$63,600 + 20% of excess over $350,000	$14,900 + 20% of excess over $350,000
400,001 – 450,000	$73,600 + 20% of excess over $400,000	$24,900 + 21% of excess over $400,000
450,001 – 500,000	$83,600 + 20% of excess over $450,000	$35,400 + 22% of excess over $450,000
500,001 – 1,000,000	$93,600 + 20% of excess over $500,000	$46,400 + 23% of excess over $500,000
1,000,001 +	$193,600 + 20% of excess over $1,000,000	$161,400 + 24% of excess over $1,000,000

Year of Assessment 2020 and 2021

Chargeable Income ($)	Tax Payable ($)	Social Responsibility Tax ($)	Environment and Climate Adaptation Levy ($)
0 – 30,000	Nil	Nil	Nil
30,001 – 50,000	18% of excess over $30,000	Nil	Nil
50,001 – 270,000	$3,600 + 20% of excess over $50,000	Nil	Nil
270,001 – 300,000	$47,600 + 20% of excess over $270,000	18% of excess over $270,000	5% of excess over $270,000
300,001 – 350,000	$53,600 + 20% of excess over $300,000	$5,400 + 19% of excess over $300,000	5% of excess over $270,000
350,001 – 400,000	$63,600 + 20% of excess over $350,000	$14,900 + 20% of excess over $350,000	5% of excess over $270,000
400,001 – 450,000	$73,600 + 20% of excess over $400,000	$24,900 + 21% of excess over $400,000	5% of excess over $270,000
450,001 – 500,000	$83,600 + 20% of excess over $450,000	$35,400 + 22% of excess over $450,000	5% of excess over $270,000
500,001 – 1,000,000	$93,600 + 20% of excess over $500,000	$46,400 + 23% of excess over $500,000	5% of excess over $270,000
1,000,001 +	$193,600 + 20% of excess over $1,000,000	$161,400 + 24% of excess over $1,000,000	5% of excess over $270,000

Year of Assessment 2018 and 2019

Chargeable Income ($)	Tax Payable ($)	Social Responsibility Tax ($)	Environment and Climate Adaptation Levy (ECAL) ($)
0 – 30,000	Nil	Nil	Nil
30,001 – 50,000	18% of excess over $30,000	Nil	Nil
50,001 – 270,000	$3,600 + 20% of excess over $50,000	Nil	Nil
270,001 – 300,000	$47,600 + 20% of excess over $270,000	13% of excess over $270,000	10% of excess over $270,000
300,001 – 350,000	$53,600 + 20% of excess over $300,000	$3,900 + 14% of excess over $300,000	10% of excess over $270,000
350,001 – 400,000	$63,600 + 20% of excess over $350,000	$10,900 + 15% of excess over $350,000	10% of excess over $270,000
400,001 – 450,000	$73,600 + 20% of excess over $400,000	$18,400 + 16% of excess over $400,000	10% of excess over $270,000
450,001 – 500,000	$83,600 + 20% of excess over $450,000	$26,400 + 17% of excess over $450,000	10% of excess over $270,000
500,001 – 1,000,000	$93,600 + 20% of excess over $500,000	$34,900 + 18% of excess over $500,000	10% of excess over $270,000
1,000,001 +	$193,600 + 20% of excess over $1,000,000	$124,900 + 19% of excess over $1,000,000	10% of excess over $270,000

Year of Assessment 2017 (1st August – 31st December 2017)

Chargeable Income ($)	Tax Payable ($)	Social Responsibility Tax ($)	Environmental and Climate Adaptation Levy (ECAL) ($)
0 – 30,000	Nil	Nil	Nil
30,001 – 50,000	18% of excess over $30,000	Nil	Nil
50,001 – 270,000	$3,600 + 20% of excess over $50,000	Nil	Nil
270,001 – 300,000	$47,600 + 20% of excess over $270,000	13% of excess over $270,000	10% of excess over $270,000
300,001 – 350,000	$53,600 + 20% of excess over $300,000	$3,900 + 14% of excess over $300,000	10% of excess over $270,000
350,001 – 400,000	$63,600 + 20% of excess over $350,000	$10,900 + 15% of excess over $350,000	10% of excess over $270,000
400,001 – 450,000	$73,600 + 20% of excess over $400,000	$18,400 + 16% of excess over $400,000	10% of excess over $270,000
450,001 – 500,000	$83,600 + 20% of excess over $450,000	$26,400 + 17% of excess over $450,000	10% of excess over $270,000
500,001 – 1,000,000	$93,600 + 20% of excess over $500,000	$34,900 + 18% of excess over $500,000	10% of excess over $270,000
1,000,001 +	$193,600 + 20% of excess over $1,000,000	$124,900 + 19% of excess over $1,000,000	10% of excess over $270,000

Year of Assessment 2017 (1st January – 31st July)

Chargeable Income ($)	Tax Payable ($)	Social Responsibility Tax ($)
0 – 16,000	Nil	Nil
16,001 – 22,000	7% of excess over $16,000	Nil
22,001 – 50,000	$420 + 18% of excess over $22,000	Nil
50,001 – 270,000	$5,460 + 20% of excess over $50,000	Nil
270,001 – 300,000	$49,460 + 20% of excess over $270,000	23% of excess over $270,000
300,001 – 350,000	$55,460 + 20% of excess over $300,000	$6,900 + 24% of excess over $300,000
350,001 – 400,000	$65,460 + 20% of excess over $350,000	$18,900 + 25% of excess over $350,000
400,001 – 450,000	$75,460 + 20% of excess over $400,000	$31,400 + 26% of excess over $400,000
450,001 – 500,000	$85,460 + 20% of excess over $450,000	$44,400 + 27% of excess over $450,000
500,001 – 1,000,000	$95,460 + 20% of excess over $500,000	$57,900 + 28% of excess over $500,000
1,000,001 +	$195,460 + 20% of excess over $1,000,000	$197,900 + 29% of excess over $1,000,000

Year of Assessment 2013, 2014, 2015, 2016

Chargeable Income ($)	Tax Payable ($)	Social Responsibility Tax ($)
0 – 16,000	Nil	Nil
16,001 – 22,000	7% of excess over $16,000	Nil
22,001 – 50,000	$420 + 18% of excess over $22,000	Nil
50,001 – 270,000	$5,460 + 20% of excess over $50,000	Nil
270,001 – 300,000	$49,460 + 20% of excess over $270,000	23% of excess over $270,000
300,001 – 350,000	$55,460 + 20% of excess over $300,000	$6,900 + 24% of excess over $300,000
350,001 – 400,000	$65,460 + 20% of excess over $350,000	$18,900 + 25% of excess over $350,000
400,001 – 450,000	$75,460 + 20% of excess over $400,000	$31,400 + 26% of excess over $400,000
450,001 – 500,000	$85,460 + 20% of excess over $450,000	$44,400 + 27% of excess over $450,000
500,001 – 1,000,000	$95,460 + 20% of excess over $500,000	$57,900 + 28% of excess over $500,000
1,000,001 +	$195,460 + 20% of excess over $1,000,000	$197,900 + 29% of excess over $1,000,000

Year of Assessment 2012

Chargeable Income ($)	Tax Payable ($)	Social Responsibility Tax ($)
0 – 15,600	Nil	Nil
15,601 – 22,000	7% of excess over $15,600	Nil
22,001 – 50,000	$448 + 18% of excess over $22,000	Nil
50,001 – 270,000	$5,488 + 20% of excess over $50,000	Nil
270,001 – 300,000	$49,488 + 20% of excess over $270,000	23% of excess over $270,000
300,001 – 350,000	$55,487 + 20% of excess over $300,000	$6,900 + 24% of excess over $300,000
350,001 – 400,000	$65,487 + 20% of excess over $350,000	$18,900 + 25% of excess over $350,000
400,001 – 450,000	$75,487 + 20% of excess over $400,000	$31,400 + 26% of excess over $400,000
450,001 – 500,000	$85,487 + 20% of excess over $450,000	$44,400 + 27% of excess over $450,000
500,001 – 1,000,000	$95,487 + 20% of excess over $500,000	$57,900 + 28% of excess over $500,000
1,000,001 +	$195,488 + 20% of excess over $1,000,000	$197,900 + 29% of excess over $1,000,000

Non-Resident Income Tax Rate

Year of Assessment 2022 Onwards

Information to be added.

Year of Assessment 2020 and 2021

Chargeable Income ($)	Tax Payable ($)	Social Responsibility Tax ($)	Environment and Climate Adaptation Levy ($)
0 – 30,000	20% of excess over $0	Nil	Nil
30,001 – 50,000	$6,000 + 20% of excess over $30,000	Nil	Nil
50,001 – 270,000	$10,000 + 20% of excess over $50,000	Nil	Nil
270,001 – 300,000	$54,000 + 20% of excess over $270,000	13% of excess over $270,000	5% of excess over $270,000
300,001 – 350,000	$60,000 + 20% of excess over $300,000	$3,900 + 14% of excess over $300,000	5% of excess over $270,000
350,001 – 400,000	$70,000 + 20% of excess over $350,000	$10,900 + 15% of excess over $350,000	5% of excess over $270,000
400,001 – 450,000	$80,000 + 20% of excess over $400,000	$18,400 + 16% of excess over $400,000	5% of excess over $270,000
450,001 – 500,000	$90,000 + 20% of excess over $450,000	$26,400 + 17% of excess over $450,000	5% of excess over $270,000
500,001 – 1,000,000	$100,000 + 20% of excess over $500,000	$34,900 + 18% of excess over $500,000	5% of excess over $270,000
1,000,001 +	$200,000 + 20% of excess over $1,000,000	$124,900 + 19% of excess over $1,000,000	5% of excess over $270,000

Year of Assessment 2017 (1st August onwards), 2018 and 2019

Chargeable Income ($)	Tax Payable ($)	Social Responsibility Tax ($)	Environment and Climate Adaptation Levy ($)
0 – 30,000	20% of excess over $0	Nil	Nil
30,001 – 50,000	$3,200 + 20% of excess over $16,000	Nil	Nil
50,001 – 270,000	$4,400 + 20% of excess over $22,000	Nil	Nil
270,001 – 300,000	$54,000 + 20% of excess over $270,000	13% of excess over $270,000	10% of excess over $270,000
300,001 – 350,000	$60,000 + 20% of excess over $300,000	$3,900 + 14% of excess over $300,000	10% of excess over $270,000
350,001 – 400,000	$70,000 + 20% of excess over $350,000	$10,900 + 15% of excess over $350,000	10% of excess over $270,000
400,001 – 450,000	$80,000 + 20% of excess over $400,000	$18,400 + 16% of excess over $400,000	10% of excess over $270,000
450,001 – 500,000	$90,000 + 20% of excess over $450,000	$26,400 + 17% of excess over $450,000	10% of excess over $270,000
500,001 – 1,000,000	$100,000 + 20% of excess over $500,000	$34,900 + 18% of excess over $500,000	10% of excess over $270,000
1,000,001 +	$200,000 + 20% of excess over $1,000,000	$124,900 + 19% of excess over $1,000,000	10% of excess over $270,000

Year of Assessment 2017 (1st January – 31st July)

Chargeable Income ($)	Tax Payable ($)	Social Responsibility Tax ($)
0 – 16,000	20% of excess over $0	Nil
16,001 – 22,000	$3,200 + 20% of excess over $16,000	Nil
22,001 – 50,000	$4,400 + 20% of excess over $22,000	Nil
50,001 – 270,000	$10,000 + 20% of excess over $50,000	Nil
270,001 – 300,000	$54,000 + 20% of excess over $270,000	23% of excess over $270,000
300,001 – 350,000	$60,000 + 20% of excess over $300,000	$6,900 + 24% of excess over $300,000
350,001 – 400,000	$70,000 + 20% of excess over $350,000	$18,900 + 25% of excess over $350,000
400,001 – 450,000	$80,000 + 20% of excess over $400,000	$31,400 + 26% of excess over $400,000
450,001 – 500,000	$90,000 + 20% of excess over $450,000	$44,400 + 27% of excess over $450,000
500,001 – 1,000,000	$100,000 + 20% of excess over $500,000	$57,900 + 28% of excess over $500,000
1,000,001 +	$200,000 + 20% of excess over $1,000,000	$197,900 + 29% of excess over $1,000,000

Year of Assessment 2016, 2015, 2013, and 2012

Chargeable Income ($)	Tax Payable ($)	Social Responsibility Tax ($)
0 – 16,000	20% of excess over $0	Nil
16,001 – 22,000	$3,200 + 20% of excess over $16,000	Nil
22,001 – 50,000	$4,400 + 20% of excess over $22,000	Nil
50,001 – 270,000	$10,000 + 20% of excess over $50,000	Nil
270,001 – 300,000	$54,000 + 20% of excess over $270,000	23% of excess over $270,000
300,001 – 350,000	$60,000 + 20% of excess over $300,000	$6,900 + 24% of excess over $300,000
350,001 – 400,000	$70,000 + 20% of excess over $350,000	$18,900 + 25% of excess over $350,000
400,001 – 450,000	$80,000 + 20% of excess over $400,000	$31,400 + 26% of excess over $400,000
450,001 – 500,000	$90,000 + 20% of excess over $450,000	$44,400 + 27% of excess over $450,000
500,001 – 1,000,000	$100,000 + 20% of excess over $500,000	$57,900 + 28% of excess over $500,000
1,000,001 +	$200,000 + 20% of excess over $1,000,000	$197,900 + 29% of excess over $1,000,000

Year of Assessment 2012

Chargeable Income ($)	Tax Payable ($)	Social Responsibility Tax ($)
0 – 15,600	20% of excess over $0	Nil
15,601 – 22,000	$3,120 + 20% of excess over $15,600	Nil
22,001 – 50,000	$4,400 + 20% of excess over $22,000	Nil
50,001 – 270,000	$10,000 + 20% of excess over $50,000	Nil
270,001 – 300,000	$53,999 + 20% of excess over $270,000	23% of excess over $270,000
300,001 – 350,000	$59,999 + 20% of excess over $300,000	$6,900 + 24% of excess over $300,000
350,001 – 400,000	$69,999 + 20% of excess over $350,000	$18,900 + 25% of excess over $350,000
400,001 – 450,000	$79,999 + 20% of excess over $400,000	$31,400 + 26% of excess over $400,000
450,001 – 500,000	$89,999 + 20% of excess over $450,000	$44,400 + 27% of excess over $450,000
500,001 – 1,000,000	$99,999 + 20% of excess over $500,000	$57,900 + 28% of excess over $500,000
1,000,001 +	$199,998 + 20% of excess over $1,000,000	$197,900 + 29% of excess over $1,000,000

Year of Assessment 2011, 2010, 2009, and 2008

Chargeable Income ($)	Tax Payable ($)
0 – 9,000	20% of excess over $0
9,001 – 10,000	$1,800 + 25% of excess over $9,000
10,001 – 20,000	$2,050 + 30% of excess over $10,000
20,001 +	$5,050 + 31% of excess over $20,000

Year of Assessment 2007, 2006, and 2005

Chargeable Income ($)	Tax Payable ($)
0 – 8,840	20% of excess over $0
8,841 – 10,000	$1,768 + 25% of excess over $8,840
10,001 – 20,000	$2,058 + 30% of excess over $10,000
20,001 +	$5,058 + 31% of excess over $20,000

Year of Assessment 2004 and 2003

Chargeable Income ($)	Tax Payable ($)
0 – 7,500	20% of excess over $0
7,501 – 10,000	$1,500 + 25% of excess over $7,500
10,001 – 20,000	$2,125 + 30% of excess over $10,000
20,001 +	$5,125 + 32% of excess over $20,000

Year of Assessment 2002

Chargeable Income ($)	Tax Payable ($)
0 – 6,500	20% of excess over $0
6,501 – 10,000	$1,300 + 25% of excess over $6,500
10,001 – 20,000	$2,175 + 31% of excess over $10,000
20,001 +	$5,175 + 32% of excess over $20,000

Year of Assessment 2001

Chargeable Income ($)	Tax Payable ($)
0 – 6,500	20% of excess over $0
6,501 – 10,000	$1,300 + 25% of excess over $6,500
10,001 – 20,000	$2,175 + 31% of excess over $10,000
20,001 +	$5,175 + 34% of excess over $20,000

Tax Year	Tax Rate	Effective Date
2025	0%, 12.5%	1st August 2025
2024	0%, 15%	1st August 2024
2023	0%, 15%	1st August 2023
2022	0%, 9%, 15%	1st April 2022
2021	9%
2020	9%
2019	9%
2018	9%

Tax Year	FBT Rate
2026	20%
2025	20%
2024	20%
2023	20%
2022	20%
2021	20%
2020	20%
2019	20%
2018	20%

Tax Year	CGT Rate
2026	10%
2025	10%
2024	10%
2023	10%
2022	10%
2021	10%
2020	10%
2019	10%
2018	10%

Tax Year	Environment and Climate Adoptation Levy	Effective date
2021	5% (3m)	Till 31st July 2021
2020	5% (3m)	1st August 2020
2019	10% (1.25m)
2018	10% (1.25m)	1st August 2018

Tax Year	Service Turnover Tax	Effective Date
2020	6% (1.25m)	Till 31st July 2020
2019	6% (1.25m)
2018	6% (1.25m)	1st August 2018

Tax Year	Telecommunication Levy
2026	1%
2025	1%
2024	1%
2023	1%
2022	1%
2021	1%
2020	1%
2019	1%
2018	1%

Tax Year	SRT Rate	Effective Date
2023	18% – 24%	Till 31st December 2023
2022	18% – 24%	1st August 2022
2021	13% – 19%
2020	13% – 19%
2019	13% – 19%	1st August 2019
2018	13% – 19%

Tax Year	Gambling Turnover Tax Rate
2026	15%
2025	15%
2024	15%
2023	15%
2022	15%
2021	7% , 15%
2020	7% , 15%
2019	7% , 15%
2018	7% , 15%

Tax Year	Withholding Tax Rate	Type of Income Received
2026	10%	Interest
2025	10%	Interest
2024	10%	Interest
2023	10%	Interest
2022	10%	Interest
2021	10%	Interest
2020	10%	Interest
2019	10%	Interest
2018	10%	Interest

Tax Year	Rate
2026	5%
2025	5%
2024	5%
2023	5%
2022	5%
2021	5%
2020	5%
2019	5%
2018	5%

Tax Year	Non-Resident Withholding tax Rate	Type of Payments
2026	15%	Royalty, Management fee, Natural resource amount, fee for the provision of professional or other independent services
2025	15%	Royalty, Management fee, Natural resource amount, fee for the provision of professional or other independent services
2024	15%	Royalty, Management fee, Natural resource amount, fee for the provision of professional or other independent services
2023	15%	Royalty, Management fee, Natural resource amount, fee for the provision of professional or other independent services
2022	15%	Royalty, Management fee, Natural resource amount, fee for the provision of professional or other independent services
2021	15%	Royalty, Management fee, Natural resource amount, fee for the provision of professional or other independent services
2020	15%	Royalty, Management fee, Natural resource amount, fee for the provision of professional or other independent services
2019	15%	Royalty, Management fee, Natural resource amount, fee for the provision of professional or other independent services
2018	15%	Royalty, Management fee, Natural resource amount, fee for the provision of professional or other independent services

Tax Year	Non-Resident Withholding Tax Rate	Type of Payments
2026	10%	Interest
2025	10%	Interest
2024	10%	Interest
2023	10%	Interest
2022	10%	Interest
2021	10%	Interest
2020	10%	Interest
2019	10%	Interest
2018	10%	Interest

Tax Year	Non-Resident Withholding Tax Rate	Type of Payments
2026	3%	Insurance Premium
2025	3%	Insurance Premium
2024	3%	Insurance Premium
2023	3%	Insurance Premium
2022	3%	Insurance Premium
2021	3%	Insurance Premium
2020	3%	Insurance Premium
2019	3%	Insurance Premium
2018	3%	Insurance Premium

Tax Year	Non-Resident International Shipping Income Tax
2026	2%
2025	2%
2024	2%
2023	2%
2022	2%
2021	2%
2020	2%
2019	2%
2018	2%

Last Updated - 4 days ago

Tax Rates

On this page

Resident Income Tax Rate

Year of Assessment 2022 Onwards

Year of Assessment 2020 and 2021

Year of Assessment 2018 and 2019

Year of Assessment 2017 (1st August – 31st December 2017)

Year of Assessment 2017 (1st January – 31st July)

Year of Assessment 2013, 2014, 2015, 2016

Year of Assessment 2012

Non-Resident Income Tax Rate

Year of Assessment 2022 Onwards

Year of Assessment 2020 and 2021

Year of Assessment 2017 (1st August onwards), 2018 and 2019

Year of Assessment 2017 (1st January – 31st July)

Year of Assessment 2016, 2015, 2013, and 2012

Year of Assessment 2012

Year of Assessment 2011, 2010, 2009, and 2008

Year of Assessment 2007, 2006, and 2005

Year of Assessment 2004 and 2003

Year of Assessment 2002

Year of Assessment 2001

Tax Rates

On this page

Resident Income Tax Rate

Year of Assessment 2022 Onwards

Year of Assessment 2020 and 2021

Year of Assessment 2018 and 2019

Year of Assessment 2017 (1st August – 31st December 2017)

Year of Assessment 2017 (1st January – 31st July)

Year of Assessment 2013, 2014, 2015, 2016

Year of Assessment 2012

Non-Resident Income Tax Rate

Year of Assessment 2022 Onwards

Year of Assessment 2020 and 2021

Year of Assessment 2017 (1st August onwards), 2018 and 2019

Year of Assessment 2017 (1st January – 31st July)

Year of Assessment 2016, 2015, 2013, and 2012

Year of Assessment 2012

Year of Assessment 2011, 2010, 2009, and 2008

Year of Assessment 2007, 2006, and 2005

Year of Assessment 2004 and 2003

Year of Assessment 2002

Year of Assessment 2001