Handel / Business

Taxes

Singapore has a well-developed and regulated tax system. Both the personal income tax rates (up to 20 %), and the corporate tax rate (18 % flate rate), are lower than in most developed countries.

A Goods and Service Tax (GST) of 7 % is payable on the supply of goods and services. The GST is also payable on goods imported into Singapore.

Read about taxes on the  government agency IRAS' website, which provides a comprehensive guide.

Singapore and Sweden have concluded a tax agreement to avoid double taxation. For more information about the terms and conditions, see the website of the Swedish National Tax Board.

(Last updated 21 August 2008)