Tax comparison · verified June 2026
Singapore tax vs every other country
🇸🇬 Singapore against all 52 other jurisdictions Tax Atlas tracks, on the six figures that decide most moves: top income tax, capital gains, dividends, corporate tax, VAT and how foreign income is taxed. Sorted by top income tax, lowest first.
- Top income tax: 24% · 27 of 52 jurisdictions are lower
- Corporate tax: 17% · 25 of 52 are lower
- VAT / sales tax: 9% · 20 of 52 are lower
- Foreign income: Territorial · shared by 9 others
The table
Singapore compared with 52 jurisdictions
| Country | Top income tax | Capital gains | Dividends | Corporate | VAT | Foreign income | Side by side |
|---|---|---|---|---|---|---|---|
| Anguilla | 0% | 0% | 0% | 0% | 0% | Exempt | – |
| Antigua & Barbuda | 0% | 0% | 0% | 25% | 17% | Exempt | – |
| Bahamas | 0% | 0% | 0% | 0% | 12% | Exempt | – |
| Bahrain | 0% | 0% | 0% | 0% | 10% | Exempt | – |
| Bermuda | 0% | 0% | 0% | 0% | 0% | Exempt | – |
| British Virgin Islands | 0% | 0% | 0% | 0% | 0% | Exempt | – |
| Brunei | 0% | 0% | 0% | 18.5% | 0% | Exempt | – |
| Cayman Islands | 0% | 0% | 0% | 0% | 0% | Exempt | – |
| Kuwait | 0% | 0% | 0% | 0% | 0% | Exempt | – |
| Monaco | 0% | 0% | 0% | 25% | 20% | Exempt | – |
| Oman | 0 (5% from 2028) | 0% | 0% | 15% | 5% | Exempt | – |
| Qatar | 0% | 0% | 0% | 10% | 5% | Exempt | – |
| Saint Kitts & Nevis | 0% | 0% | 0% | 33% | 17% | Exempt | – |
| Turks and Caicos | 0% | 0% | 0% | 0% | 12% | Exempt | – |
| United Arab Emirates | 0% | 0% | 0% | 9% | 5% | Exempt | Singapore vs United Arab Emirates |
| Vanuatu | 0% | 0% | 0% | 0% | 15% | Exempt | – |
| Andorra | 10% | 10% | Andorran dividends exempt / foreign 10% | 10% | 4.5% | Worldwide | – |
| Bulgaria | 10% | 10% | 5% | 10% | 20% | Worldwide | – |
| Paraguay | 10% | 10% | 5% | 10% | 10% | Territorial | – |
| Hungary | 15% | 15% | 15% | 9% | 27% | Worldwide | – |
| Hong Kong | 17% | 0% | 0% | 16.5% | 0% | Territorial | Singapore vs Hong Kong |
| Georgia | 20% | 0% | 5% | 15% | 18% | Territorial | – |
| Guernsey | 20% | 0% | 0% | 0% | 0% | Worldwide | – |
| Jersey | 20% | 0% | 0% | 0% | 0% | Worldwide | – |
| Mauritius | 20% | 0% | 0% | 15% | 15% | Worldwide | Singapore vs Mauritius |
| Isle of Man | 21% | 0% | 0% | 0% | 20% | Worldwide | – |
| Estonia | 22% | 22% | 0% | 22% | 24% | Worldwide | – |
| SingaporeThis page | 24% | 0% | 0% | 17% | 9% | Territorial | – |
| Costa Rica | 25% | 0-15% | 0-15% | 30% | 13% | Territorial | – |
| Dominican Republic | 25% | 27% | 10% final | 27% | 18% | Territorial | – |
| Gibraltar | 25% | 0% | 0% | 12.5% | 0% | Worldwide | – |
| Panama | 25% | 10% | 10% | 25% | 7% | Territorial | – |
| Malaysia | 30% | 0% | 0% | 24% | 8% | Territorial | Singapore vs Malaysia |
| Cyprus | 35% | 20% | 0-5% | 15% | 19% | Worldwide | – |
| Indonesia | 35% | Varies (final taxes) | 10% final / exempt if reinvested | 22% | 12% | Worldwide | – |
| Malta | 35% | 0% | 0-35% | 35% | 18% | Worldwide | – |
| Mexico | 35% | 35% | 10% | 30% | 16% | Worldwide | – |
| Philippines | 35% | 0-15% | 10% | 25% | 12% | Territorial | – |
| Thailand | 35% | 0% | 10% | 20% | 7% | Remittance-based | Singapore vs Thailand |
| Switzerland | 11.5-36% | 0% | 0-35% | 11.9-20.5% | 8.1% | Worldwide | – |
| Uruguay | 36% | 0-12% | 12% | 25% | 22% | Territorial | – |
| United States | 37% | 0-20% | 0-20% | 21% | 0% | Worldwide | Singapore vs United States |
| Ireland | 40% | 33% | 0-33% | 12.5% | 23% | Worldwide | – |
| Italy | 43% | 26% | 26% | 27.8% | 22% | Worldwide | – |
| Greece | 44% | 15% | 5% | 22% | 24% | Worldwide | – |
| Australia | 45% | 0-45% | 0-45% | 30% | 10% | Worldwide | Singapore vs Australia |
| France | 45% | 0-34.5% | 12.8-34.5% | 25% | 20% | Worldwide | – |
| Germany | 45% | 0-26.375% | 26.375% | 30.06% | 19% | Worldwide | – |
| United Kingdom | 45% | 18-24% | 10.75-39.35% | 25% | 20% | Worldwide | – |
| Portugal | 48% | 28% | 28% | 19% | 23% | Worldwide | – |
| Netherlands | 49.5% | 31% | 24.5-31% | 25.8% | 21% | Worldwide | – |
| Spain | 47-54% | 19-30% | 19-30% | 25% | 21% | Worldwide | – |
| Canada | 33-54.8% | 0-27% | 0-47.74% | 26.2-31% | 5% | Worldwide | – |
Figures come from each country profile in the Tax Atlas dataset, which cites PwC Worldwide Tax Summaries, tax authorities and the OECD. Ranges are compared by their upper bound. Headline rates leave out reliefs, newcomer regimes and treaty relief, so open each country page for the detail. Not tax advice: verify with a qualified adviser.
Head to head
Detailed Singapore comparisons
- Singapore vs United Arab Emirates
- Singapore vs Hong Kong
- Singapore vs Malaysia
- Singapore vs Thailand
- Singapore vs Mauritius
- Singapore vs United States
- Singapore vs Australia
Singapore tax guide Compare any two countries 2026 tax cheat sheet Filtered country lists
Questions
Frequently asked
How does Singapore's income tax compare with other countries?+
Singapore's top personal income tax rate is 24%. 27 of the other 52 jurisdictions Tax Atlas tracks have a lower top rate.
Is Singapore's corporate tax low by international standards?+
Singapore's headline corporate rate is 17%. 25 of the other 52 jurisdictions have a lower headline rate. Effective rates depend on reliefs, free zones and the OECD global minimum tax for large groups.
Which countries tax foreign income the same way as Singapore?+
Singapore taxes foreign income on a territorial basis. 9 other jurisdictions use the same basis, including Panama, Hong Kong, Malaysia, Costa Rica, Georgia.
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