Total tax rate for medium sized businesses in Singapore 2005-2018

This statistic shows the total tax rate as a percentage of profits for medium sized businesses in Singapore from 2005 to 2018. In 2018, the tax rate for medium sized business in Singapore was approximately 20.6 percent of commercial profits.

Total tax rate as a percentage of profits for medium sized businesses in Singapore from 2005 to 2018

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Source

Release date

April 2019

Region

Asia, Singapore

Survey time period

2005 to 2018

Supplementary notes

As per the source, the total tax rate measures the amount of taxes payable by medium-size businesses after accounting for deductions and exemptions, expressed as a share of commercial profits. The taxes withheld (such as sales or value added tax or personal income tax) but not paid by the company are excluded. The total tax rate is designed to provide a comprehensive measure of the cost of all the taxes a business bears.

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