The Social Security Rate For Companies in Singapore stands at 17 percent.

Social Security Rate For Companies in Singapore averaged 15.41 percent from 2004 until 2019, reaching an all time high of 17 percent in 2015 and a record low of 13 percent in 2005. This page provides - Singapore Social Security Rate For Companies - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Inland Revenue Authority of Singapore

Social Security Rate For Companies in Singapore is expected to be 17.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Social Security Rate For Companies is projected to trend around 17.00 percent in 2020, according to our econometric models.

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Singapore Social Security Rate For Companies

Actual Previous Highest Lowest Dates Unit Frequency
17.00 17.00 17.00 13.00 2004 - 2019 percent Yearly

Singapore Social Security Rate For Companies
In Singapore, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Singapore because they help to pay for many social programs including welfare, health care and many other benefits.