Social Security Rate in Singapore remained unchanged at 37 percent in 2020 from 37 percent in 2019. source: Inland Revenue Authority of Singapore

Social Security Rate in Singapore averaged 35.50 percent from 2004 until 2020, reaching an all time high of 37 percent in 2015 and a record low of 33 percent in 2005. This page provides - Singapore Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Social Security Rate - values, historical data and charts - was last updated on May of 2021.

Social Security Rate in Singapore is expected to reach 37.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Social Security Rate is projected to trend around 37.00 percent in 2022, according to our econometric models.

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Singapore Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
37.00 37.00 37.00 33.00 2004 - 2020 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 Social Security Rate
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.