High income vs Singapore: Taxes on income, profits and capital gains
High income
26.5%
in 2024
Singapore
39.0%
in 2024
High income rank
20th
Singapore rank
18th
Taxes on income, profits and capital gains over time
- High income
- Singapore
How they compare
Singapore currently reports 39.0% against 26.5% in High income, a difference of 12.5%.
That makes Singapore's figure about 1.5 times High income's.
The two have swapped places 2 times across 51 shared years of data; in 1973 it was Singapore ahead.
High income ranks 20th and Singapore ranks 18th of 41 groups.
Singapore has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | High income | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 22.1% | 32.4% | 10.4% | Singapore |
| 1980s | 23.7% | 28.3% | 4.7% | Singapore |
| 1990s | 22.1% | 25.6% | 3.5% | Singapore |
| 2000s | 23.3% | 30.9% | 7.5% | Singapore |
| 2010s | 21.5% | 33.1% | 11.6% | Singapore |
| 2020s | 24.3% | 38.3% | 14.0% | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on income, profits and capital gains, High income or Singapore?
- Singapore, at 39.0% against 26.5% in High income as of 2024.
- What is the difference in taxes on income, profits and capital gains between High income and Singapore?
- 12.5%, with Singapore ahead.
- How many years of comparable data are there for High income and Singapore?
- 51 years are reported by both, from 1973 to 2024.
- How do High income and Singapore rank globally for taxes on income, profits and capital gains?
- High income ranks 20th and Singapore ranks 18th of 41 groups.
- 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.