Singapore Home Asia Singapore Tax Pages Rental Income Tax Singapore More SG × Singapore Financial Overview Overview House Prices Market in Depth Rental Yields Income Tax et al Tax Example Taxes if Resident Buying Guide Landlord and Tenant Property Inheritance Country Statistics Property Investments Where to Buy Survey of Singapore Bukit Merah Bukit Timah Central Business District Geylang Queenstown Key Contacts Accountants Lawyers Real Estate Agents Mortgages Income tax on rent, worked example, in Singapore December 22, 2017 Non-resident couple´s rental income1 Monthly Rental Income2 1,500 6,000 12,000 Annual Rental Income 18,000 72,000 144,000 Less Expenses3 (4,383) (17,531) (35,061) = Taxable Income 13,617 54,470 108,938 Income Tax 4 Flat rate 22% 2,996 11,983 23,967 Annual Income Tax Due 2,996 11,983 23,967 Tax Due as % of Gross Income 16.64% 16.64% 16.64% Source: Notes 1 The property is jointly owned by husband and wife. 2 Exchange rate used: 1.00 US$ = 1.35 SGD 3 Estimated values. Property tax, insurance, maintenance and repairs are all deductible. 4 The tax rate for nonresidents is 22%. Comments Singapore Real Estate | April 10, 2010 you can find an excel spreadsheet for tabulating your rental income and expenses for purpose of filing taxes with IRAS - http://www.singaporerealestate.info/blog/property-tools/income-statement-spreadsheet-rental-property/ Login or Register to submit a comment! In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.