Low & middle income vs Singapore: Taxes on income, profits and capital gains
Low & middle income
27.0%
in 2023
Singapore
39.0%
in 2024
Low & middle income rank
19th
Singapore rank
18th
Taxes on income, profits and capital gains over time
- Low & middle income
- Singapore
How they compare
Singapore currently reports 39.0% against 27.0% in Low & middle income, a difference of 12.0%.
That makes Singapore's figure about 1.4 times Low & middle income's.
Across all 16 years both countries report, Singapore has been ahead every year.
Low & middle income ranks 19th and Singapore ranks 18th of 41 groups.
Singapore has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Low & middle income | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 20.4% | 35.1% | 14.6% | Singapore |
| 2010s | 22.6% | 33.1% | 10.6% | Singapore |
| 2020s | 25.9% | 38.1% | 12.2% | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on income, profits and capital gains, Low & middle income or Singapore?
- Singapore, at 39.0% against 27.0% in Low & middle income as of 2024.
- What is the difference in taxes on income, profits and capital gains between Low & middle income and Singapore?
- 12.0%, with Singapore ahead.
- How many years of comparable data are there for Low & middle income and Singapore?
- 16 years are reported by both, from 2008 to 2023.
- How do Low & middle income and Singapore rank globally for taxes on income, profits and capital gains?
- Low & middle income ranks 19th 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.