FinancialQuotient

What is individual income tax?

New: Gift this subscriber-only story to your friends and family

Individual income tax refers to the tax payable by an individual on the taxable income that he derives in Singapore.

Typically, such taxable income may include earned income from employment or income derived by a person who runs a business here. This includes income earned by a sole proprietor or in a partnership, and by a self-employed person like a hawker or private hire driver.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Sunday Times on March 24, 2019, with the headline What is individual income tax?. Subscribe