The Corporate Tax Rate in Singapore stands at 17 percent. source: Inland Revenue Authority of Singapore

Corporate Tax Rate in Singapore averaged 19.70 percent from 1997 until 2023, reaching an all time high of 26.00 percent in 1998 and a record low of 17.00 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 June of 2023.

Corporate Tax Rate in Singapore is expected to reach 17.00 percent by the end of 2023, 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 2024, according to our econometric models.

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Singapore Corporate Tax Rate

Related Last Previous Unit Reference
Corporate Tax Rate 17.00 17.00 percent Dec 2023
Personal Income Tax Rate 22.00 22.00 percent Dec 2022
Sales Tax Rate 7.00 7.00 percent Dec 2023
Social Security Rate 37.00 37.00 percent Dec 2023
Social Security Rate For Companies 17.00 17.00 percent Dec 2023
Social Security Rate For Employees 20.00 20.00 percent Dec 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
17.00 17.00 26.00 17.00 1997 - 2023 percent Yearly