The personal income tax system in Singapore remains progressive and competitive. For the Year of Assessment (YA) 2026 (income earned in 2025), the core rates will not change, but some of the reliefs will be ending or readjusted.
Knowing about these updates is crucial now as you plan your finances for 2025. Being aware of them facilitates the process of maximizing deductions before the expiration dates and also helps in preparing for filing the year 2026.
Stable Tax Rates Ahead
For YA 2026, the range of the resident personal income tax rates will be 0% to 24%. The top rate is for incomes above S$320,000.
This situation keeps Singapore as a favorable land for the workforce while still observing equality.
End of Course Fees Relief
The Course Fees Relief (with a limit of S$5,500 for accepted courses) will be terminated from YA 2026 on.
If you finish the approved classes by the end of 2025 you can take the tax credit one last time.
Modifications To CPF Top-Up Relief
Government matching on cash top-ups under the MRSS and the new MediSave matching scheme will no longer be eligible for the tax relief from YA 2026 and beyond.
Thus, it will be the same treatment – you will get the match but you will also lose the deduction.
No Big Rebate For YA 2026
The 60% rebate (capped S$200) is applicable only for YA 2025.
Currently, no such wide rebate for YA 2026 has been announced – look out for Budget 2026 in February.
Personal Reliefs Are Still There
Almost all the reliefs are still there: earned income, spouse, children, parents, CPF, and donations (the 250% deduction is still there up to 2026).
The overall relief cap continues to be at S$80,000.
Attention to Donations
The 250% tax deduction for the donations that meet the criteria will last until the end of 2026.
This will not only make giving easier but also provide large tax savings.
Rates for Non-Residents Are Constant
Non-residents will be charged a flat rate of 24% on income earned from employment in Singapore (starting from YA 2024 onwards).
Personal Income Tax Rates for the Year of Assessment 2026
The following is the resident income rate list (after applying reliefs on chargeable income):
| Chargeable Income | Tax Rate (%) | Tax on Band (S$) |
|---|---|---|
| First $20,000 | 0 | 0 |
| Next $10,000 | 2 | 200 |
| Next $10,000 | 3.5 | 350 |
| Next $40,000 | 7 | 2,800 |
| Next $40,000 | 11.5 | 4,600 |
| Next $40,000 | 15 | 6,000 |
| Next $40,000 | 18 | 7,200 |
| Next $40,000 | 19 | 7,600 |
| Next $40,000 | 19.5 | 7,800 |
| Next $40,000 | 20 | 8,000 |
| Next $160,000 | 22 | 35,200 |
| Above $500,000 | 23-24 | Progressive |
Planning Tips
Reassess your 2025 expenditures for the last chances to claim the tax deductions that will be expiring. Make the most out of your donations or top-ups before the new rates kick in.
The changes in Singapore’s income tax for 2026 are not significant, with stable rates and the ending of some reliefs like course fees. Concentrate on maximizing the existing options for reduced bills.
Go to iras.gov.sg now to review the reliefs, use the calculators or get ready for the YA 2026 filing. Keep yourself informed about the Budget 2026 announcements!