Asia-Pacific · Tax guide

Singapore

Singapore taxes company profits at 17%, with partial exemptions that lower the effective rate for smaller companies, charges GST at 9%, has no tax on dividends or capital gains, and applies a domestic top-up tax to large groups. Taxes are administered by the Inland Revenue Authority of Singapore (IRAS).

Updated 1 October 2026 · 9 of 9 figures checked against official sources

Check your obligations

At a glance

Corporate income tax: 17%
GST: 9%
Top personal rate: 24%
Withholding on royalties: 10%
TP documentation: S$10,000,000
Domestic top-up tax: 15%

Corporate income tax

Companies pay 17% on chargeable income, with a partial exemption of 75% of the first S$10,000 and 50% of the next S$190,000; new start-ups can get a larger exemption in their first years. Singapore taxes income sourced in Singapore or received there; dividends and capital gains are generally not taxed.

Companies file an Estimated Chargeable Income within three months of the year-end and Form C-S or C by 30 November. Sole proprietors pay personal tax at rates up to 24%.

GST

GST is charged at 9%. Registration is required within 30 days once taxable turnover exceeds S$1,000,000 over twelve months, or is expected to; returns are quarterly. New GST registrants must also send invoice data through InvoiceNow.

Withholding tax on payments abroad

Royalties paid to non-residents carry 10% withholding and interest 15%; fees for services performed in Singapore are taxed at the corporate rate. Treaties can reduce these. Dividends carry no withholding.

Transfer pricing and top-up tax

Related-party transactions must be at arm's length; companies with gross revenue above S$10,000,000 prepare contemporaneous documentation. Large multinational groups pay Singapore's domestic top-up tax and multinational enterprise top-up tax to reach an effective 15%.

Key dates

Quarterly, one month after each quarterGST return and payment
Within three months of the year-endEstimated Chargeable Income
30 NovemberCorporate income tax return (Form C-S or C)

Figures and sources

9 figures

Corporate income tax rate17%

Income Tax Act 1947 · s.43
Checked against the official source
GST rate9%

Goods and Services Tax Act 1993
Checked against the official source
Taxable turnover above which GST registration is requiredS$1,000,000

Goods and Services Tax Act 1993
Checked against the official source
Top personal income tax rate24%

Income Tax Act 1947
Checked against the official source
Withholding on royalties paid to non-residents10%

Income Tax Act 1947 · s.12(7), s.45
Checked against the official source
Withholding on interest paid to non-residents15%

Income Tax Act 1947 · s.12(6), s.45
Checked against the official source
Gross revenue above which transfer pricing documentation is requiredS$10,000,000

Income Tax (Transfer Pricing Documentation) Rules 2018 · Income Tax Act 1947 s. 34F
Checked against the official source
Minimum effective rate for the domestic top-up tax and multinational top-up tax15%

Multinational Enterprise (Minimum Tax) Act 2024 · Multinational Enterprise (Minimum Tax) Act 2024
Checked against the official source
Partial tax exemption on chargeable income75% of the first S$10,000 and 50% of the next S$190,000

Income Tax Act 1947 · s.43(6)
Checked against the official source

Indicative only. This assessment is a high-level overview of tax obligations in Singapore based on the information you provided and rules in force for 2026. It is not tax or legal advice. Consult a qualified tax adviser in Singapore (a Singapore tax adviser or chartered accountant) before making compliance decisions.