Not-Taxable Sources of Income in Singapore

Dividends

• Dividends from Singapore companies are often tax-exempt due to the one-tier corporate tax system (the profits of a company are already taxed at the corporate level).

• Dividends from US stocks are subject to a 30% levy, for an instance, let's say X receives $100 in annual dividends, but the US government deducts $30 as a levy, leaving X with $70.

• Other foreign-sourced dividends may be taxable in Singapore but could qualify for tax relief based on foreign tax paid.

Interest and Capital Gains

• Interest earned on local bank deposits and specified savings accounts may be tax-exempt.

• Capital gains from investment sales, such as increase in stock values from $10 to $20, goes entirely to the investor, excluding certain exceptions.

Gifts, Inheritances, and Life Insurance

• Gifts, inheritances, and life insurance proceeds are typically not subject to taxation in Singapore.

Scholarships and Government Payments

• Scholarships, awards, and grants for educational purposes are usually not taxable.

• Some government payments, particularly those related to social assistance, may be tax-exempt.

红利

• 由于公司已缴税，新加坡公司所发放给股东的红利通常免税。

• 美国股票的红利则需缴纳30%的征税，例如，假设X每年收到100美元的红利，但美国政府会扣除30美元的征税，所以X实际获得了70美元。

• 其他外国来源的红利可能在新加坡应纳税，但可以根据所支付的外国税款获得税收减免。

利息和资本收益

• 本地银行存款和特定储蓄账户上赚取的利息可免税。

• 投资所产生的资本收益，如股票价值从$10增加至$20，将全部归投资者所有，但须知有一些例外情况。

礼物、遗产和人寿保险

• 在新加坡，政府通常不对受到的礼物、遗产和人寿保险金征税。

奖学金和政府拨款

• 用于教育目的的奖学金、奖项和助学金通常不需缴税。

• 某些政府拨款，尤其是与社会援助有关的支付，可能免税。