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Here is a brief overview of income tax structure in Singapore.
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Income Tax in Singapore

Income tax is a tax that governments impose on financial income generated by all entities within their jurisdiction. By law, businesses and individuals must file an income tax return every year to determine whether they owe any taxes or are eligible for a tax refund. Income tax is a key source of funds that the government uses to fund its activities and serve the public. 
Individuals are either considered as "resident" or "non resident" in Singapore for the purpose of tax. Usually a person is resident if the person is physically present or exercises employment in Singapore for 183 days or more in the calendar year.
For individuals all income derived from Singapore is liable to tax. Since January 2004, all overseas income remitted by individuals in Singapore is not taxable, except for overseas income received in Singapore through partnerships in Singapore.
Current Personal Income Tax Rates in Singapore
Personal Income
Income Tax Rate
20,000 - 30,000
30,000 - 40,000
40,000 - 80,000
80,000 - 160,000
160,000 - 320,000
The Inland Revenue Authority of Singapore (IRAS) was established on 1st September 1992, by legislation as a statutory board under the Ministry of Finance. With this conversion, IRAS was incorporated by the Inland Revenue Authority of Singapore Act to take over the functions previously performed by the Inland Revenue Department. 
The information regarding Income Tax in Singapore for foreigners
Foreigners refer to individuals who are not Singapore citizens or permanent residents. Foreigners are liable to tax in Singapore on all income accrued in, or derived from Singapore. The extent of your tax liability will depend on your tax residency status.

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