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  • Singapore

    AT A GLANCE

    OUR JURISDICTIONS —

    Singapore

    LAST UPDATED 21/07/2023

    AT A GLANCE

    You’ll find Singapore – an island country in Southeast Asia – just off the southern tip of the Malay Peninsula between Indonesia and Malaysia. It has four official languages: Malay, English, Chinese, and Tamil. And its currency is the Singapore dollar (SGD).

    Singapore’s strong international trading links and a per capita gross domestic product (GDP) to rival many European nations, make it one of the most prosperous countries in the world. 

    The free-market economy centres largely on exports, mainly of IT products and pharmaceuticals. And it has attracted major investments in these areas. 

    Its financial services sector is also thriving. Singapore is positioning itself as the major financial and technology hub in Southeast Asia.

    Our local Tax Natives in Singapore can tell you everything you need to know about the ins and outs of your tax obligations there. Whether you’re buying a single property, or doing multi-million-dollar deals, we’ll get you the advice you need. Just say the word and we’ll link you with a local expert who can answer all your questions. 

    THE HEADLINES

    • The corporate income tax rate in Singapore is 17%
    • In Singapore the headline personal income tax rate is 22%
    • The standard VAT rate is 7%

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