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Parliamentary Replies

Breakdown of Effective Tax Rate by Companies' Profits Before Tax

28 Nov 2022

Parliamentary Question by Ms Hazel Poa:

To ask the Deputy Prime Minister and Minister for Finance in each of the years from YA2018 to YA2021, what is the effective tax rate for companies with (i) up to $10,000 (ii) from $10,000 to $200,000 (iii) from $200,000 to $1 million (iv) from $1 million to $10 million (v) from $10 million to $100 million (vi) from $100 million to $1 billion and (vii) more than $1 billion, in profits before tax respectively.

Parliamentary Reply by Deputy Prime Minister, and Minister for Finance Mr Lawrence Wong:

There have been requests from members for different types of information on corporate tax on several occasions since last year. Each new permutation of data request requires intensive effort to compile. The Government already publishes extensive data on corporate tax, which is publicly available on This includes data that can be used to estimate the overall effective tax rate for companies in each of the published chargeable income band. We suggest that Ms Hazel Poa refer to the website to access the necessary data.