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Tax Rate for Non-Resident Individuals on Rental Income from Properties

Tax Rate for Non-Resident Individuals on Rental Income from Properties

The tax rate for non-resident individuals on rental income from properties in Singapore is a flat rate of 24%. There's no progressive tax system for non-residents, so this applies regardless of the amount of rental income you earn.

It's important to note that unlike resident taxpayers, non-residents cannot claim deductions for expenses incurred on the property, such as maintenance or agent fees. The tax is calculated on the gross rental income minus a maximum deduction of 15% for property tax.

For more information on rental income tax in Singapore for non-residents, you can refer to the Inland Revenue Authority of Singapore (IRAS) website: [IRAS Singapore rental income]

How Bestar can Help

Bestar can help in a number of ways:

  • Preparing and filing your tax return: We can handle the paperwork and ensure it is submitted correctly and on time.

  • Calculating your tax liability: We can take care of the calculations to determine exactly how much tax you owe.

  • Ensuring you claim all available deductions: While deductions for things like maintenance and agent fees are not available to non-residents, there is a 15% deduction for property tax. Bestar can make sure you claim this deduction to minimize your tax burden.

  • Staying up-to-date on any changes to tax regulations: Tax regulations can be complex and change from time to time. Bestar can keep you informed of any changes that might affect you.


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