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. Singapore Social Security Rate For Companies - values, historical data and charts - was last updated on August of 2020. source: Inland Revenue Authority of Singapore

Social Security Rate For Companies in Singapore is expected to reach 17.00 percent by the end of 2020, 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 2021, 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 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 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.