Ghana vs Singapore: Taxes on income, profits and capital gains
Ghana
39.5%
in 2023
Singapore
39.0%
in 2024
Ghana rank
15th
Singapore rank
18th
Taxes on income, profits and capital gains over time
- Ghana
- Singapore
How they compare
Ghana currently reports 39.5% against 39.0% in Singapore, a difference of 0.5%.
The two have swapped places 4 times across 27 shared years of data; in 1990 it was Singapore ahead.
Ghana ranks 15th and Singapore ranks 18th of 153 countries.
Across the 4 decades both report, Ghana averaged higher in 1 and Singapore in 3.
Head to head by decade
| Decade | Ghana | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 17.2% | 26.8% | 9.6% | Singapore |
| 2000s | 21.4% | 31.1% | 9.6% | Singapore |
| 2010s | 32.9% | 33.1% | 0.3% | Singapore |
| 2020s | 40.5% | 38.1% | 2.4% | Ghana |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on income, profits and capital gains, Ghana or Singapore?
- Ghana, at 39.5% against 39.0% in Singapore as of 2023.
- What is the difference in taxes on income, profits and capital gains between Ghana and Singapore?
- 0.5%, with Ghana ahead.
- How many years of comparable data are there for Ghana and Singapore?
- 27 years are reported by both, from 1990 to 2023.
- How do Ghana and Singapore rank globally for taxes on income, profits and capital gains?
- Ghana ranks 15th and Singapore ranks 18th of 153 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on income, profits and capital gains (% of revenue). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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.