Asia-Pacific · SGD
Singapore
Reviewed 2026-06-21
Top income tax
24%
Self-employed SS
Yes
VAT
9%
Capital gains
0%
Exit tax
No
Nomad visa
No
73
/ 100
Tax efficiency66
Ease to enter70
Ease to exit93
Cost of living48
Internet100
English100
Singapore taxes individuals on a source basis with foreign income generally untaxed unless remitted in narrow cases, and there is no capital gains, wealth, or inheritance tax, which is attractive for a solopreneur. Personal rates are progressive from 2% up to 24% above SGD 1 million, and corporate income is taxed at a flat 17%. The main offsets are a high cost of living and mandatory CPF MediSave contributions for the self-employed once net trade income exceeds SGD 6,000, while the EntrePass offers a route for founders.
Personal income tax
Income tax structureProgressive
Top income tax rate24%
Entry income tax rate2%
Top rate threshold$740,000
Taxation basisTerritorial
Local/state income taxNo
Social security
Self-employed social securityYes
Employee SS rate20%
Employer SS rate17%
Indirect & other taxes
VAT standard rate9%
Capital gains rate0%
Long-hold CGT exemptionNo
Wealth taxNo
Inheritance/gift taxNo
Property taxNo
Exit & residency
Exit taxNo
EU/EEA deferralNo
Days to trigger residency183 days
Corporate
Corporate income tax rate17%
WHT on dividends0%
CFC rulesNo
Incentives & special regimes
Special expat regimeNo
Immigration & setup
Digital nomad visaNo
Entrepreneur visaYes
Ease of setup5 / 5
Lifestyle
Cost of living index87.7
Internet speed425 Mbps
English proficiencyHigh
Civil liberties48
Sources
- PwC Worldwide Tax Summaries — Singapore Individual: Taxes on personal income
- PwC Worldwide Tax Summaries — Singapore Corporate: Taxes on corporate income
- PwC Worldwide Tax Summaries — Singapore Individual: Other taxes (GST, CPF, no CGT/wealth/estate)
- CPF Board — Saving as a self-employed person (MediSave)
- Ministry of Manpower — EntrePass eligibility
Informational only. Nothing here is tax, legal, or financial advice. Tax rules change often and vary by personal circumstance. Verify every figure against an official source and a qualified adviser before acting. Figures are re-expressed from public sources and cited per country.