Paying taxes: Labor tax and contributions in Singapore
Singapore: Paying taxes: Labor tax and contributions was 17.8% in 2019. ▲ Rising
Paying taxes: Labor tax and contributions in Singapore, 2005–2019
Source: World Bank. Measured in % of profits.
Analysis
In 2019, paying taxes: labor tax and contributions in Singapore stood at 17.8%. That is the highest value across all 15 years on record.
Compared with earlier readings it is up 21.9% over ten years.
Over the whole period, paying taxes: labor tax and contributions in Singapore peaked at 17.8% in 2017 and was at its lowest, 13.7%, in 2007.
That places Singapore 79th out of 190 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently rising across the 15 years of available data.
Paying taxes: Labor tax and contributions in Singapore, year by year
| Year | % of profits | Change |
|---|---|---|
| 2005 | 14.4% | — |
| 2006 | 14.4% | +0.0% |
| 2007 | 13.7% | -4.9% |
| 2008 | 14.5% | +5.8% |
| 2009 | 14.6% | +0.7% |
| 2010 | 14.7% | +0.7% |
| 2011 | 15.7% | +6.8% |
| 2012 | 16.8% | +7.0% |
| 2013 | 16.8% | +0.0% |
| 2014 | 15.3% | -8.9% |
| 2015 | 15.3% | +0.0% |
| 2016 | 16.2% | +5.9% |
| 2017 | 17.8% | +9.9% |
| 2018 | 17.8% | +0.0% |
| 2019 | 17.8% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.3% | 13.7% | 14.6% | 5 |
| 2010s | 16.4% | 14.7% | 17.8% | 10 |
Countries ranked near Singapore
- 77 Slovenia 18.2% compare
- 77 Venezuela, Bolivarian Republic of 18.2% compare
- 80 Djibouti 17.7% compare
- 80 Switzerland 17.7% compare
- 82 Tanzania, United Republic of 17.5% compare
More reference data data for Singapore
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.008 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0066 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.0618 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.0618 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0269 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.0096 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.0378 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.2664 (2050)
- Emission Totals - Emissions (N2O) - Burning - Crop residues 0 (1992)
- Emission Totals - Emissions (N2O) - Agricultural Soils 0.2567 (2050)
Frequently asked questions
- What is paying taxes: labor tax and contributions in Singapore?
- Paying taxes: labor tax and contributions in Singapore was 17.8% in 2019, according to the World Bank.
- What is the highest paying taxes: labor tax and contributions recorded in Singapore?
- The highest recorded value was 17.8% in 2017.
- What is the lowest paying taxes: labor tax and contributions recorded in Singapore?
- The lowest recorded value was 13.7% in 2007.
- How does Singapore rank for paying taxes: labor tax and contributions?
- Singapore ranks 79th out of 190 countries with data for 2019.
- Is paying taxes: labor tax and contributions rising or falling in Singapore?
- Over the last ten years it is up 21.9%. The long-run trend across the full record is rising.
- Where does this Singapore data come from?
- The figures come from the World Bank, published as part of Paying taxes: Labor tax and contributions (% of profits). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The labor tax and contributions measures all government mandated labor contributions that are borne by the business in the second year of operation, expressed as a share of commercial pro?t.