Singapore
Corporate Tax Guide
Time of Update: 4/04/2026
Singapore offers a competitive corporate tax rate of 17% and a low GST rate of 9%. There is no capital gains tax. Companies must submit their estimated income tax assessment within three months after their fiscal year ends. The tax assessment notice is delivered within one month. The deadline for filing the corporate income tax return is November 30. Non-residents are not subject to withholding tax on dividends, while interest and royalty withholding taxes are 15% and 10%, respectively. The Composite Effective Average Tax Rate is 16.09% and the Composite Effective Marginal Tax Rate is 13.15%.
Singapore Corporate Income Tax (CIT)
General CIT Rate:
17
CIT Return Due Date:
November 30
CIT Payment Due Date:
Tax assessment notice shall be delivered within one month.
CIT Estimated Payment Due Date:
The estimated income tax assessment must be submitted within three months after the end of the company's fiscal year. The estimated tax should be paid within one month after receiving the assessment notice, or paid in installments according to the installment payment plan.
Singapore Withholding Tax (WHT)
Resident Withholding Tax (Dividend/Interest/Royalty):
NA
None-Resident Withholding Tax (Dividend/Interest/Royalty):
0/15/10
Singapore Value-Added Tax (VAT)
General VAT Rate:
9
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Singapore Capital Gain Tax (CGT)
General Capital Gain Tax Rate:
N/A
Singapore Effective Tax Rate (ETR)
Composite Effective Average Tax Rate:
16.09%
Composite Effective Marginal Tax Rate:
13.15%
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TKEG Expat ™ (Canada) Singapore Corporate Tax Guide
1.
Singapore corporate income tax
Businesses that have their income derived from Singapore or income remitted to the country are obligated to pay corporate taxes at a rate of 17% on their chargeable income regardless of whether it is local or foreign.
2.
Singapore（GST)
Goods and services tax (GST)：
Goods and Services tax (GST) on supplies manufactured and imported in Singapore is 9%
The only exemptions to GST are prescribed financial services, sale or lease of residential properties, sale of digital payment tokens, and prescribed import and local supply of investment precious metals. The zero duty rate applies only to exported goods and international services (subject to conditions).
Goods and Services tax (GST) on supplies manufactured and imported in Singapore is 9%
The only exemptions to GST are prescribed financial services, sale or lease of residential properties, sale of digital payment tokens, and prescribed import and local supply of investment precious metals. The zero duty rate applies only to exported goods and international services (subject to conditions).
3.
Singapore Property tax
For residential properties, owner-occupier tax rates range from 0% to 32% and non-owner occupier tax rates range from 12% to 36%. The tax rates depend on the annual value bands, which are subject to periodic revisions.
A one-off property tax rebate of 15% for public housing (HDB flats) and 10% (capped at SGD 500) for private properties is provided for owner-occupied residential properties in 2026.
For non-residential properties, such as commercial and industrial buildings and land, the tax rate is 10%.
A one-off property tax rebate of 15% for public housing (HDB flats) and 10% (capped at SGD 500) for private properties is provided for owner-occupied residential properties in 2026.
For non-residential properties, such as commercial and industrial buildings and land, the tax rate is 10%.
4.
Payroll Tax
Singapore does not have payroll withholding. When a non-Singapore citizen employee ceases employment in Singapore, leaves Singapore for an overseas posting, or leaves Singapore for a period exceeding three months, the employer needs to notify the Singapore tax authorities once the fact of cessation/departure is known to the employer and withhold all monies due until tax clearance is issued.
5.
Foreign Worker Levy (FWL)
The FWL is a monthly levy that employers are liable to pay for each foreign employee (Work Permit or S Pass holders) hired. The levy rate depends on the employer’s industry and the ratio of foreigners to Singaporeans and permanent residents employed in the company.
