Singapore

Paying Taxes in

Singapore

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.

This information 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 189 economies. The most recent round of data collection was completed in December 2012.

Compare Singapore to 188 other economies.

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 16% gross salaries 17.6
Corporate income tax 1 online filing 32 17% taxable profit 4.9
Property tax 1 10% property value 4.7
Road tax 1 fixed fee engine size 0
Value added tax (GST) 1 online filing 40 7% value added .. not included
Totals: 5 82 27.1

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