Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$5,500
Income Tax
- S$406
Central Provident Fund (CPF)
- S$600
Total tax
- S$1,006
Net pay
* S$4,494
Marginal tax rate
15.0%
Average tax rate
18.3%
81.7%
Net pay
18.3%
Total tax
Total tax
Net pay
The Taxberg
S$4,494
Net pay
S$510
Tax the employer pays
S$1,006
Tax you pay
Total tax paid
S$1,516
Did you know your employer also pays tax on your salary? It costs the employer S$510 to pay you S$5,500. In other words, every time you spend S$10 of your hard-earned money, S$2.76 goes to the government.
Real tax rate
25.2%
So, with you and the employer both paying tax, what used to be a 18.3% tax rate now rises to 25.2%, meaning your real tax rate is actually 6.9% higher than what it seemed at first.
Summary
If you make S$132,000 a year living in Singapore, you will be taxed S$24,150. That means that your net pay will be S$107,850 per year, or S$8,988 per month. Your average tax rate is 18.3% and your marginal tax rate is 15.0%. 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$15, hence, your net pay will only increase by S$85.
Bonus Example
A S$1,000 bonus will generate an extra S$850 of net incomes. A S$5,000 bonus will generate an extra S$4,250 of net incomes.
Compare average tax
Europe
Country 
Net pay
Average tax
Rank
Russia
SGD 114,840
13.0%
1
Hungary
SGD 107,580
18.5%
2
Ukraine
SGD 106,260
19.5%
3
Switzerland
SGD 102,869
22.1%
4
Czech Republic
SGD 100,228
24.1%
5
France
SGD 90,792
31.2%
6
United Kingdom
SGD 90,715
31.3%
7
Norway
SGD 87,217
33.9%
8
Spain
SGD 85,574
35.2%
9
Denmark
SGD 84,856
35.7%
10
Ireland
SGD 83,161
37.0%
11
Austria
SGD 81,195
38.5%
12
Poland
SGD 79,659
39.7%
13
Netherlands
SGD 78,927
40.2%
14
Sweden
SGD 78,770
40.3%
15
Romania
SGD 77,220
41.5%
16
Greece
SGD 76,668
41.9%
17
Luxembourg
SGD 76,437
42.1%
18
Germany
SGD 73,156
44.6%
19
Italy
SGD 69,614
47.3%
20
Finland
SGD 69,069
47.7%
21
Portugal
SGD 62,767
52.5%
22
Belgium
SGD 56,606
57.1%
23
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North America
Country 
Net pay
Average tax
Rank
USA
SGD 95,019
28.0%
1
Canada
SGD 87,588
33.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
SGD 113,947
13.7%
1
Kazakhstan
SGD 109,710
16.9%
2
Singapore
SGD 107,850
18.3%
3
Taiwan
SGD 106,636
19.2%
4
Thailand
SGD 101,196
23.3%
5
South Korea
SGD 96,874
26.6%
6
China
SGD 95,369
27.8%
7
Indonesia
SGD 94,199
28.6%
8
New Zealand
SGD 94,079
28.7%
9
Australia
SGD 93,597
29.1%
10
Japan
SGD 92,466
30.0%
11
Pakistan
SGD 91,774
30.5%
12
Malaysia
SGD 90,349
31.6%
13
Philippines
SGD 90,093
31.8%
14
Vietnam
SGD 87,993
33.3%
15
India
SGD 74,259
43.7%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
SGD 117,868
10.7%
1
Chile
SGD 103,065
21.9%
2
Costa Rica
SGD 102,694
22.2%
3
Uruguay
SGD 97,600
26.1%
4
Panama
SGD 96,998
26.5%
5
Colombia
SGD 96,822
26.7%
6
Brazil
SGD 96,450
26.9%
7
Puerto Rico
SGD 95,731
27.5%
8
Ecuador
SGD 93,245
29.4%
9
Peru
SGD 91,381
30.8%
10
Mexico
SGD 91,014
31.1%
11
Argentina
SGD 85,791
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
Angola
SGD 96,261
27.1%
1
Kenya
SGD 93,077
29.5%
2
Nigeria
SGD 89,952
31.9%
3
Mozambique
SGD 88,753
32.8%
4
Ghana
SGD 88,650
32.8%
5
Ivory Coast
SGD 88,475
33.0%
6
South Africa
SGD 85,886
34.9%
7
Morocco
SGD 83,008
37.1%
8
Cameroon
SGD 82,014
37.9%
9
Zambia
SGD 81,570
38.2%
10
Senegal
SGD 80,727
38.8%
11
Uganda
SGD 77,371
41.4%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
SGD 125,400
5.0%
1
Qatar
SGD 125,400
5.0%
2
Bahrain
SGD 121,440
8.0%
3
Oman
SGD 121,440
8.0%
4
Kuwait
SGD 118,821
10.0%
5
Saudi Arabia
SGD 118,800
10.0%
6
Egypt
SGD 99,369
24.7%
7
Lebanon
SGD 99,253
24.8%
8
Israel
SGD 91,000
31.1%
9
Turkey
SGD 77,134
41.6%
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.