Paying taxes: Profit tax in Singapore
Singapore: Paying taxes: Profit tax was 2.1% in 2019. ◆ Volatile
Paying taxes: Profit tax in Singapore, 2005–2019
Source: World Bank. Measured in % of profits.
Analysis
In 2019, paying taxes: profit tax in Singapore stood at 2.1%.
The figure is up 23.5% on the previous year and down 73.8% over ten years.
Over the whole period, paying taxes: profit tax in Singapore peaked at 10.0% in 2005 and was at its lowest, 0.0%, in 2012.
Singapore ranks 171st of 190 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Paying taxes: Profit tax in Singapore, year by year
| Year | % of profits | Change |
|---|---|---|
| 2005 | 10.0% | — |
| 2006 | 6.2% | -38.0% |
| 2007 | 6.3% | +1.6% |
| 2008 | 7.9% | +25.4% |
| 2009 | 8.0% | +1.3% |
| 2010 | 7.1% | -11.3% |
| 2011 | 6.5% | -8.5% |
| 2012 | 0.0% | -100.0% |
| 2013 | 1.8% | — |
| 2014 | 1.6% | -11.1% |
| 2015 | 1.7% | +6.2% |
| 2016 | 1.8% | +5.9% |
| 2017 | 1.5% | -16.7% |
| 2018 | 1.7% | +13.3% |
| 2019 | 2.1% | +23.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.7% | 6.2% | 10.0% | 5 |
| 2010s | 2.6% | 0.0% | 7.1% | 10 |
Countries ranked near Singapore
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: profit tax in Singapore?
- Paying taxes: profit tax in Singapore was 2.1% in 2019, according to the World Bank.
- What is the highest paying taxes: profit tax recorded in Singapore?
- The highest recorded value was 10.0% in 2005.
- What is the lowest paying taxes: profit tax recorded in Singapore?
- The lowest recorded value was 0.0% in 2012.
- How does Singapore rank for paying taxes: profit tax?
- Singapore ranks 171st out of 190 countries with data for 2019.
- Is paying taxes: profit tax rising or falling in Singapore?
- Over the last ten years it is down 73.8%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from the World Bank, published as part of Paying taxes: Profit tax (% 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 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.