Singapore

Paying Taxes in

Singapore

Listed below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

The information appearing on this page was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in December 2010.

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To see indicator data for all economies, see the Paying Taxes page. To see how economies rank, see the Rankings page.

Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Employer paid - Social security contributions 1 online filing 10 14.5% (Jan 1 to Aug 31, 2010), 15% (Sep, 1 to Dec 31, 2010) gross salaries 15.9
Corporate income tax 1 online filing 34 17.0% taxable profits 6.5
Property tax 1 10.0% property value 4.7
Road tax 1 fixed fee engine size 0
Value added tax (GST) 1 online filing 40 7.00% value added not included
Totals: 5 84 27.1
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