Taxes on Employment Income
The employment income of non-residents is taxed at flat rate of 15% or the progressive resident tax rates (see table above), whichever is a higher tax amount.
Taxes on Director's fee, Consultation fees and All Other Income
From YA 2017, the tax rates for non-resident individuals (except certain reduced final withholding tax rates) has been raised from 20% to 22% . This is to maintain parity between the tax rates of non-resident individuals and the top marginal tax rate of resident individuals.
| Type of Income | Non-resident individual tax rate / withholding tax rate from YA 2017 |
(a) | Director's remuneration | 22% |
(b) | Income derived from activity as a non-resident professional (consultant, trainer, coach, etc.) | 15% of gross income or 22% of net income See Taxable Income of Non-Resident Professionals
|
(c) | Income derived from activity as a non-resident public entertainer (artiste, musician, sportsman, etc.) | 10% concessionary rate (No change) See Tax for Non-Resident Public Entertainers
|
(d) | Other income e.g. property rental income | 22% |
(e) | SRS withdrawal by a non-citizen SRS member | 22% |
(f) | Interest, royalty etc. | Reduced
final withholding tax rate (subject to conditions) as follows: OR 22% if reduced final withholding tax rate is not applicable. See Withholding Tax Rates for Individuals (262KB) |
Huasing Association 1999 - 2013