With Us Taxes Singapore has a well-regulated tax system, and personal income tax rates are generally lower than in other developed countries.
Tax is imposed on income derived from or accrued in Singapore.
The source of income is determined mainly by the location at which the services are rendered. Residents are taxed on income derived from or accrued in Singapore, and on income derived from outside Singapore and received in Singapore. Non-residents are taxed only on income derived from or accrued in Singapore. They do not have to pay taxes on foreign income received in Singapore. Also, they are exempted from income tax if they work in Singapore for 60 days or less in a calendar year.