Corporate Tax Rate in Singapore remained unchanged at 17 percent in 2021 from 17 percent in 2020. source: Inland Revenue Authority of Singapore

Corporate Tax Rate in Singapore averaged 19.92 percent from 1997 until 2021, reaching an all time high of 26 percent in 1998 and a record low of 17 percent in 2010. This page provides - Singapore Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Corporate Tax Rate - values, historical data and charts - was last updated on April of 2021.

Corporate Tax Rate in Singapore is expected to reach 17.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Corporate Tax Rate is projected to trend around 17.00 percent in 2022, according to our econometric models.

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Singapore Corporate Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
17.00 17.00 26.00 17.00 1997 - 2021 percent Yearly

Singapore Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 17.00 17.00 26.00 17.00 percent [+]
Personal Income Tax Rate 22.00 22.00 22.00 20.00 percent [+]
Sales Tax Rate 7.00 7.00 7.00 5.00 percent [+]
Social Security Rate 37.00 37.00 37.00 33.00 percent [+]
Social Security Rate For Companies 17.00 17.00 17.00 13.00 percent [+]
Social Security Rate For Employees 20.00 20.00 20.00 20.00 percent [+]


Singapore Corporate Tax Rate
In Singapore, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Singapore.