Asia-Pacific
Currency
SGD
Corporate Tax
17%
Personal Income Tax
24%
VAT / GST
9%
Flat 17%; partial exemption on first SGD 200k; start-up exemption first 3 years.
Top rate 24% above SGD 320,000 (raised from 22% in 2024); 0-24% progressive.
GST 9% since 1 January 2024 (raised from 8%).
Dividends
0%
Interest
15%
Royalties
10%
Rates shown are statutory; treaty networks may reduce withholding significantly. Verify against the relevant double-tax agreement.
CPF 37% (employer 17% + employee 20%); capped at SGD 6,800 (ordinary wage).
Capital Gains Tax
0%
Inheritance / Estate Tax
0% (abolished 2008)
Capital (Net Worth) Tax
0%
Property Tax
Property tax ~0.2–2% (residential)
Rates are indicative headline figures and may omit holding-period exemptions, regional variation, and surcharges. Verify against current law before relying on them.
Treaties in force
~90
Key partners: China, India, Indonesia, Malaysia, Japan, UK
Major treaty hub; many treaties offer 0%–5% on dividends and interest.
Treaty counts are approximate and change as agreements are signed, ratified, or terminated. Verify the status and withholding rates under the specific treaty before relying on them.
Calendar year
Notes
IP Box 5% (or 15%) on qualifying IP income. Pioneer & Development & Expansion Incentive (DEI) tax holidays.
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