Tax Policies
Singapore relies on a combination of different taxes to fund Government expenditure, support our social objectives, and grow our economy.
Personal Income Tax
Singapore’s Personal Income Tax system is designed to be competitive and progressive, while supporting social objectives.
Corporate Income Tax
Singapore’s Corporate Income Tax system is globally competitive and supports business growth.
Goods and Services Tax
GST is a broad-based tax on domestic consumption.
Property Tax
Property Tax is Singapore’s primary means of taxing wealth.
Stamp Duty
Stamp duties are generally used as a wealth tax or property cooling measure in Singapore.
International Tax
Singapore’s international tax policies aim to strengthen international trade and investment flows, create the conditions for economic growth and jobs, and support Singapore-based businesses’ expansion overseas, while aligning with international standards.
BEPS explainer
As a responsible international tax jurisdiction, Singapore works with global partners such as the Organisation for Economic Co-operation and Development (OECD)/G20 Base Erosion and Profit Shifting (BEPS) Project to address tax avoidance by multinational enterprises.