Statutory corporate income tax rate in Singapore
Singapore: Statutory corporate income tax rate was 17.0% in 2018. ▼ Falling
Statutory corporate income tax rate in Singapore, 2000–2018
Source: OECD (2019) – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for statutory corporate income tax rate in Singapore is 17.0%, measured in 2018. That is the lowest value across all 19 years on record.
That represents a change of down 5.6% over ten years.
Over the whole period, statutory corporate income tax rate in Singapore peaked at 26.0% in 2000 and was at its lowest, 17.0%, in 2010.
Singapore ranks 67th of 93 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Statutory corporate income tax rate in Singapore, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 26.0% | — |
| 2001 | 25.5% | -1.9% |
| 2002 | 24.5% | -3.9% |
| 2003 | 22.0% | -10.2% |
| 2004 | 22.0% | +0.0% |
| 2005 | 20.0% | -9.1% |
| 2006 | 20.0% | +0.0% |
| 2007 | 20.0% | +0.0% |
| 2008 | 18.0% | -10.0% |
| 2009 | 18.0% | +0.0% |
| 2010 | 17.0% | -5.6% |
| 2011 | 17.0% | +0.0% |
| 2012 | 17.0% | +0.0% |
| 2013 | 17.0% | +0.0% |
| 2014 | 17.0% | +0.0% |
| 2015 | 17.0% | +0.0% |
| 2016 | 17.0% | +0.0% |
| 2017 | 17.0% | +0.0% |
| 2018 | 17.0% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21.6% | 18.0% | 26.0% | 10 |
| 2010s | 17.0% | 17.0% | 17.0% | 9 |
Countries ranked near Singapore
More economy & growth data for Singapore
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.99 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.5 Percent per annum (2029)
- Services, value added (current US$), annual growth rate 3.17 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.7159 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 70,742 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 0.9428 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 0.936 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 92,491 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 4.2 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.4928 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is statutory corporate income tax rate in Singapore?
- Statutory corporate income tax rate in Singapore was 17.0% in 2018, according to OECD (2019) – processed by Our World in Data.
- What is the highest statutory corporate income tax rate recorded in Singapore?
- The highest recorded value was 26.0% in 2000.
- What is the lowest statutory corporate income tax rate recorded in Singapore?
- The lowest recorded value was 17.0% in 2010.
- How does Singapore rank for statutory corporate income tax rate?
- Singapore ranks 67th out of 93 countries with data for 2018.
- Is statutory corporate income tax rate rising or falling in Singapore?
- Over the last ten years it is down 5.6%. The long-run trend across the full record is falling.
- Where does this Singapore data come from?
- The figures come from OECD (2019) – processed by Our World in Data, published as part of Statutory corporate income tax rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Estimates correspond to the combined rates for central and sub-central government levels (i.e. central government corporate tax rate, less deductions for sub-national taxes, plus sub-central corporate tax rate). Figures correspond to the standard rate that is not targeted at particular industries or income types. The top marginal rate is reported if the corporate tax system is progressive.