Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$3,160
Income Tax
- S$39.77
Central Provident Fund (CPF)
- S$631
Total tax
- S$671
Net pay
* S$2,489
Marginal tax rate
23.4%
Average tax rate
21.2%
78.8%
Net pay
21.2%
Total tax
Total tax
Net pay
The Taxberg
S$2,489
Net pay
S$537
Tax the employer pays
S$671
Tax you pay
Total tax paid
S$1,209
Did you know your employer also pays tax on your salary? It costs the employer S$537 to pay you S$3,160. In other words, every time you spend S$10 of your hard-earned money, S$3.83 goes to the government.
Real tax rate
32.7%
So, with you and the employer both paying tax, what used to be a 21.2% tax rate now rises to 32.7%, meaning your real tax rate is actually 11.5% higher than what it seemed at first.
Summary
If you make S$37,920 a year living in Singapore, you will be taxed S$8,055. That means that your net pay will be S$29,865 per year, or S$2,489 per month. Your average tax rate is 21.2% and your marginal tax rate is 23.4%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of S$100 in your salary will be taxed S$23.42, hence, your net pay will only increase by S$76.58.
Bonus Example
A S$1,000 bonus will generate an extra S$766 of net incomes. A S$5,000 bonus will generate an extra S$3,829 of net incomes.
North America
Country 
Net pay
Average tax
Rank
USA
SGD 31,234
17.6%
1
Canada
SGD 28,029
26.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
SGD 35,569
6.2%
1
Taiwan
SGD 33,876
10.7%
2
Thailand
SGD 33,292
12.2%
3
Australia
SGD 32,985
13.0%
4
South Korea
SGD 31,602
16.7%
5
New Zealand
SGD 31,432
17.1%
6
Kazakhstan
SGD 30,366
19.9%
7
Indonesia
SGD 30,205
20.4%
8
Pakistan
SGD 30,127
20.6%
9
Singapore
SGD 29,865
21.2%
10
Japan
SGD 29,631
21.9%
11
Malaysia
SGD 29,500
22.2%
12
Philippines
SGD 28,488
24.9%
13
Vietnam
SGD 27,463
27.6%
14
China
SGD 25,731
32.2%
15
India
SGD 24,631
35.0%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
SGD 34,284
9.6%
1
Puerto Rico
SGD 33,406
11.9%
2
Costa Rica
SGD 33,247
12.3%
3
Ecuador
SGD 32,258
14.9%
4
Colombia
SGD 31,022
18.2%
5
Panama
SGD 30,892
18.5%
6
Chile
SGD 30,423
19.8%
7
Mexico
SGD 29,273
22.8%
8
Peru
SGD 28,988
23.6%
9
Brazil
SGD 28,242
25.5%
10
Uruguay
SGD 27,386
27.8%
11
Argentina
SGD 24,639
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
SGD 29,771
21.5%
1
Angola
SGD 27,818
26.6%
2
Mozambique
SGD 27,601
27.2%
3
Kenya
SGD 27,221
28.2%
4
Ghana
SGD 26,416
30.3%
5
Ivory Coast
SGD 26,320
30.6%
6
Morocco
SGD 25,996
31.4%
7
Nigeria
SGD 25,959
31.5%
8
Uganda
SGD 25,041
34.0%
9
Cameroon
SGD 24,733
34.8%
10
Senegal
SGD 24,279
36.0%
11
Zambia
SGD 23,711
37.5%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
SGD 36,024
5.0%
1
Qatar
SGD 36,024
5.0%
2
Bahrain
SGD 34,886
8.0%
3
Oman
SGD 34,886
8.0%
4
Saudi Arabia
SGD 34,128
10.0%
5
Kuwait
SGD 33,749
11.0%
6
Israel
SGD 31,784
16.2%
7
Egypt
SGD 28,809
24.0%
8
Lebanon
SGD 28,693
24.3%
9
Turkey
SGD 22,341
41.1%
10
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NOTE* Withholding is calculated based on the tables of Singapore, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. Income tax calculations include personal tax credit deductions. CPF calculations are determined for regular wages only, assuming there are no additional wages. This document does not represent legal authority and shall be used for approximation purposes only.