Singapore—Taxes on Income, Profits & Capital Gains (% of rev)
Category: Fiscal & MonetarySource: World Bank World Development Indicators ↗Global Rank: #18 of 137Updated July 2026
Latest Value
39.0%
2024
YoY Change
-2.4%
2023 → 2024
Global Rank
#18
of 137 countries
Maximum
40.0%
2023
Minimum
27.6%
2004
CAGR
+1.2%
25 years
Last
39.0%
Previous
40.0%
Highest
40.0%
Lowest
27.6%
Source
World Bank World Development Indicators
Singapore's taxes on income, profits & capital gains (% of rev) was 39.0% in 2024, ranking #18 out of 137 countries. This represents a -2.4% change from 2023. Over the past 25 years, the highest recorded value was 40.0% (2023) and the lowest was 27.6% (2004). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 39.0% | -2.4% |
| 2023 | 40.0% | +5.7% |
| 2022 | 37.8% | +2.4% |
| 2021 | 36.9% | -2.6% |
| 2020 | 37.9% | +25.2% |
| 2019 | 30.3% | -9.1% |
| 2018 | 33.3% | -0.5% |
| 2017 | 33.5% | +3.4% |
| 2016 | 32.4% | -0.9% |
| 2015 | 32.7% | -1.8% |
| 2014 | 33.3% | +0.4% |
| 2013 | 33.1% | -4.6% |
| 2012 | 34.7% | +1.0% |
| 2011 | 34.4% | +1.1% |
| 2010 | 34.0% | -4.7% |
| 2009 | 35.7% | +3.6% |
| 2008 | 34.4% | +21.0% |
| 2007 | 28.5% | -8.8% |
| 2006 | 31.2% | +3.4% |
| 2005 | 30.2% | +9.5% |
| 2004 | 27.6% | -6.9% |
| 2003 | 29.6% | -4.4% |
| 2002 | 31.0% | -1.9% |
| 2001 | 31.6% | +8.8% |
| 2000 | 29.0% |
Top Countries — Taxes on Income, Profits & Capital Gains (% of rev)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Australia | 67.9% | 2022 |
| 2 | Papua New Guinea | 59.4% | 2024 |
| 3 | New Zealand | 56.7% | 2024 |
| 4 | United States | 56.3% | 2024 |
| 5 | Canada | 53.9% | 2024 |
| 6 | Denmark | 51.4% | 2024 |
| 7 | South Africa | 50.8% | 2024 |
| 8 | Malaysia | 47.6% | 2024 |
| 9 | Ireland | 45.2% | 2024 |
| 10 | Malta | 41.7% | 2024 |
About This Indicator
Definition
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).