Paying taxes: Total tax and contribution rate in Singapore
Singapore: Paying taxes: Total tax and contribution rate was 21.0% in 2019. ▼ Falling
Paying taxes: Total tax and contribution rate in Singapore, 2005–2019
Source: World Bank. Measured in % of profit.
Analysis
Singapore recorded 21.0% for paying taxes: total tax and contribution rate in 2019.
Compared with earlier readings it is up 1.9% on the previous year and down 12.9% over ten years.
Over the whole period, paying taxes: total tax and contribution rate in Singapore peaked at 26.2% in 2005 and was at its lowest, 18.0%, in 2014.
That places Singapore 170th out of 190 countries with data for 2019, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 15 years of available data.
Paying taxes: Total tax and contribution rate in Singapore, year by year
| Year | % of profit | Change |
|---|---|---|
| 2005 | 26.2% | — |
| 2006 | 22.4% | -14.5% |
| 2007 | 21.8% | -2.7% |
| 2008 | 24.2% | +11.0% |
| 2009 | 24.1% | -0.4% |
| 2010 | 23.4% | -2.9% |
| 2011 | 23.8% | +1.7% |
| 2012 | 18.4% | -22.7% |
| 2013 | 20.1% | +9.2% |
| 2014 | 18.0% | -10.4% |
| 2015 | 18.0% | +0.0% |
| 2016 | 19.1% | +6.1% |
| 2017 | 20.3% | +6.3% |
| 2018 | 20.6% | +1.5% |
| 2019 | 21.0% | +1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 23.7% | 21.8% | 26.2% | 5 |
| 2010s | 20.3% | 18.0% | 23.8% | 10 |
Countries ranked near Singapore
- 167 Mauritius 22.2% compare
- 167 Montenegro 22.2% compare
- 169 Hong Kong, China 21.9% compare
- 171 Namibia 20.7% compare
- 172 Croatia 20.5% compare
- 173 Luxembourg 20.4% 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: total tax and contribution rate in Singapore?
- Paying taxes: total tax and contribution rate in Singapore was 21.0% in 2019, according to the World Bank.
- What is the highest paying taxes: total tax and contribution rate recorded in Singapore?
- The highest recorded value was 26.2% in 2005.
- What is the lowest paying taxes: total tax and contribution rate recorded in Singapore?
- The lowest recorded value was 18.0% in 2014.
- How does Singapore rank for paying taxes: total tax and contribution rate?
- Singapore ranks 170th out of 190 countries with data for 2019.
- Is paying taxes: total tax and contribution rate rising or falling in Singapore?
- Over the last ten years it is down 12.9%. The long-run trend across the full record is falling.
- Where does this Singapore data come from?
- The figures come from the World Bank, published as part of Paying taxes: Total tax and contribution rate (% of profit). 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 total tax and contribution rate measures the amount of taxes and mandatory contributions borne by the business in the second year of operation, expressed as a share of commercial pro?t. The total amount of taxes and contributions borne is the sum of all the different taxes and contributions payable after accounting for allowable deductions and exemptions. The taxes withheld (such as personal income tax) or collected by the company and remitted to the tax authorities (such as VAT, sales tax or goods and service tax) but not borne by the company are excluded.