Singapore tax guideCapital gains & investment income
Gains, dividends and interest
| Income | Individuals | Notes |
|---|---|---|
| Capital gains | Not taxed | Unless the gains come from trading as a business |
| Dividends from Singapore companies | Not taxed | One-tier system: tax is paid at company level |
| Interest from approved banks | Not taxed | For individuals not carrying on a business |
| Foreign income received | Generally not taxed | Except when received through a Singapore partnership |
Watch out: since 1 January 2024, gains from selling foreign assets can be taxed when received in Singapore by members of a group that lack economic substance here (section 10L).
FAQ
Common questions
Not usually for individual investors. If you trade frequently or as a business, the gains can be taxed as income.
Sources
Sources checked on 27 October 2026- 1IRAS — Gains from property, shares and financial instrumentswww.iras.gov.sg/taxes/individual-income-tax/basics-of-individual-income-tax/what-is-taxable-what-is-not/gains-from-sale-of-property-shares-and-financial-instruments
- 2IRAS — Resident and non-resident rateswww.iras.gov.sg/taxes/individual-income-tax/basics-of-individual-income-tax/tax-residency-and-tax-rates/individual-income-tax-rates