Rental Income Tax Singapore
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Income tax on rent, worked example, in Singapore
Taxation Researcher |
October 04, 2019
Non-resident couple´s rental income1 |
|
|
|
Monthly Rental Income2 |
1,500 |
6,000 |
12,000 |
Annual Rental Income |
18,000 |
72,000 |
144,000 |
Less Expenses3 |
(4,383) |
(17,531) |
(35,061) |
= Taxable Income |
13,617 |
54,470 |
108,938 |
Income Tax 4 |
|
|
|
Flat rate |
22% |
2,996 |
11,983 |
23,967 |
Annual Income Tax Due |
2,996 |
11,983 |
23,967 |
Tax Due as % of Gross Income |
16.64% |
16.64% |
16.64% |
Source:
 |
Notes
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 US$ = 1.35 SGD
3 Estimated values. Property tax, insurance, maintenance and repairs are all
deductible.
4 The tax rate for nonresidents is 22%.