Luxembourg vs Singapore: Paying taxes: Profit tax
Luxembourg
4.2%
in 2019
Singapore
2.1%
in 2019
Luxembourg rank
168th
Singapore rank
171st
Paying taxes: Profit tax over time
- Luxembourg
- Singapore
How they compare
Luxembourg currently reports 4.2% against 2.1% in Singapore, a difference of 2.1%.
That makes Luxembourg's figure about 2.0 times Singapore's.
The two have swapped places 1 time across 14 shared years of data; in 2006 it was Singapore ahead.
Luxembourg ranks 168th and Singapore ranks 171st of 190 countries.
Across the 2 decades both report, Luxembourg averaged higher in 1 and Singapore in 1.
Head to head by decade
| Decade | Luxembourg | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 4.3% | 7.1% | 2.8% | Singapore |
| 2010s | 4.3% | 2.6% | 1.7% | Luxembourg |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher paying taxes: profit tax, Luxembourg or Singapore?
- Luxembourg, at 4.2% against 2.1% in Singapore as of 2019.
- What is the difference in paying taxes: profit tax between Luxembourg and Singapore?
- 2.1%, with Luxembourg ahead.
- How many years of comparable data are there for Luxembourg and Singapore?
- 14 years are reported by both, from 2006 to 2019.
- How do Luxembourg and Singapore rank globally for paying taxes: profit tax?
- Luxembourg ranks 168th and Singapore ranks 171st of 190 countries.
- Where does this data come from?
- The World Bank, published as Paying taxes: Profit tax (% of profits). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The profit tax measures the amount of income taxes borne by the business in the second year of operation, expressed as a share of commercial pro?t.