How to Claim Foreign Tax Credits in Singapore

Offshore Tax with HTJ.tax · Aug 18, 2026 · 2m

How to Claim Foreign Tax Credits in SingaporeSingapore tax residents may claim Foreign Tax Credit (FTC) when the same income is taxed both overseas and in Singapore.To qualify, the individual generally must:Be a Singapore tax resident for the relevant Year of Assessment;Have paid or be liable to pay foreign tax on the same income; andHave income that is subject to Singapore tax.IRAS states that where taxable overseas income is also taxed in the foreign jurisdiction, the taxpayer may apply for double taxation relief.1️⃣ The Income Must Be Taxable in SingaporeThis is the critical…