Singapore

Rental Income Tax, Effective Tax Rates (%) - Singapore Compared to Continent

Footnote

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South Korea	3.38%
Japan	3.40%
China	5.00%
Thailand	6.30%
Sri Lanka	6.62%
India	8.11%
Hong Kong	12.16%
Cambodia	14.00%
Singapore	15.13%
Indonesia	20.00%
Taiwan	20.00%
Malaysia	22.42%
Philippines	25.00%

 

 

Singapore: Rental income taxes (%).

The tax levied on the average annual income on a rental apartment/property in the country.

Assumptions:

• Gross rental income is €/US$1,500/month
• The property is personally directly owned jointly by husband and wife
• Both owners are foreigners and non-residents
• They have no other local income
• There is no mortgage, i.e., no loan is taken for the purchase

In arriving at the pre-tax profit figure, we calculate, and deduct:

• Depreciation / capital allowances – if available. We assume a value for the apartment based on our valuation research, and depreciate on this basis.

We deduct any other costs which a landlord normally pays - management charges, buildings insurance, realtor agency fees, etc. We either choose a standard percentage deduction (if available) or typical ‘actually incurred’ costs. If real estate tax is normally payable by the landlord, we deduct that.

Our rental income tax figures are provided by accountants (see list of contributors). For more details see the Data FAQ.

Source: Global Property Guide Research, Contributing Accounting Firms

 

Singapore has a quarterly residential property index, which can be accessed from the Urban Redevelopment Authority’s site. Excellent economics data are from the Singapore Statistics and the Monetary Authority of Singapore.