Singapore: Income and profits taxes

* indicates monthly or quarterly data series
 Singapore

Income, profits, and capital gains taxes: percent of revenue

 Latest value 36.92
 Year 2021
 Measure percent
 Data availability 1972 - 2021
 Average 30.04
 Min - Max 19.11 - 37.89
 Source The World Bank
For that indicator, we provide data for Singapore from 1972 to 2021. The average value for Singapore during that period was 30.04 percent with a minimum of 19.11 percent in 1987 and a maximum of 37.89 percent in 2020. The latest value from 2021 is 36.92 percent. For comparison, the world average in 2021 based on 102 countries is 25.40 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Singapore - Income and profits taxes - Recent values chart

Historical chart
Singapore - Income and profits taxes - historical chart - 1972-2021




Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 10.02 2022 percent
 Government spending, in dollars 46.76 2022 billion U.S. dollars
 Fiscal balance, percent of GDP 3.58 2023 percent
 Government debt 162.14 2023 percent
 Government expenditure 16.13 Q3/2023 billion
 Tax revenue 13.12 2021 percent
 Commercial tax rate 21.00 2019 percent
 Tax preparation time 64 2019 hours
 Number of taxes 5 2019 taxes
 Taxes on goods and services 20.82 2021 percent
 Taxes on international trade 0.05 2007 percent
 Income and profits taxes 36.92 2021 percent
 Foreign aid 9.14 2004 million U.S. dollars
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