Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$5,631
Income Tax
- S$207
Central Provident Fund (CPF)
- S$1,126
Total tax
- S$1,332
Net pay
* S$4,299
Marginal tax rate
26.9%
Average tax rate
23.7%
76.3%
Net pay
23.7%
Total tax
Total tax
Net pay
The Taxberg
S$4,299
Net pay
S$958
Tax the employer pays
S$1,332
Tax you pay
Total tax paid
S$2,290
Did you know your employer also pays tax on your salary? It costs the employer S$958 to pay you S$5,631. In other words, every time you spend S$10 of your hard-earned money, S$4.07 goes to the government.
Real tax rate
34.8%
So, with you and the employer both paying tax, what used to be a 23.7% tax rate now rises to 34.8%, meaning your real tax rate is actually 11.1% higher than what it seemed at first.
Summary
If you make S$67,572 a year living in Singapore, you will be taxed S$15,988. That means that your net pay will be S$51,584 per year, or S$4,299 per month. Your average tax rate is 23.7% and your marginal tax rate is 26.9%. 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$26.92, hence, your net pay will only increase by S$73.08.
Bonus Example
A S$1,000 bonus will generate an extra S$731 of net incomes. A S$5,000 bonus will generate an extra S$3,654 of net incomes.
Compare average tax
North America
Country 
Net pay
Average tax
Rank
USA
SGD 53,170
21.3%
1
Canada
SGD 48,184
28.7%
2
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
SGD 60,844
10.0%
1
Costa Rica
SGD 56,092
17.0%
2
Puerto Rico
SGD 55,939
17.2%
3
Chile
SGD 55,854
17.3%
4
Panama
SGD 53,323
21.1%
5
Ecuador
SGD 53,195
21.3%
6
Colombia
SGD 51,374
24.0%
7
Peru
SGD 50,484
25.3%
8
Brazil
SGD 49,740
26.4%
9
Mexico
SGD 49,130
27.3%
10
Uruguay
SGD 45,893
32.1%
11
Argentina
SGD 43,913
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
Angola
SGD 49,390
26.9%
1
South Africa
SGD 48,022
28.9%
2
Kenya
SGD 47,977
29.0%
3
Mozambique
SGD 46,875
30.6%
4
Nigeria
SGD 46,128
31.7%
5
Ghana
SGD 46,031
31.9%
6
Ivory Coast
SGD 44,701
33.9%
7
Morocco
SGD 43,965
34.9%
8
Cameroon
SGD 42,787
36.7%
9
Senegal
SGD 42,071
37.7%
10
Zambia
SGD 41,947
37.9%
11
Uganda
SGD 41,935
37.9%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
SGD 64,193
5.0%
1
Qatar
SGD 64,193
5.0%
2
Bahrain
SGD 62,166
8.0%
3
Oman
SGD 62,166
8.0%
4
Saudi Arabia
SGD 60,815
10.0%
5
Kuwait
SGD 60,139
11.0%
6
Israel
SGD 52,887
21.7%
7
Egypt
SGD 51,048
24.5%
8
Lebanon
SGD 50,932
24.6%
9
Turkey
SGD 39,610
41.4%
10
Show more
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.