Country Profile: Singapore

Tax to GDP ratio: 12.1

Financial Transactions Tax (FTT): Yes – tax in place

Stamp Duty: In Singapore the rate varies with the type of document and transaction value. For shares purchased, the value of the shares transferred is taken to be the average price on the stock exchange as of the date of documentation. If no average price is available, the latest average price of the shares can be used. The stamp duty rate for the transfer of shares is 0.2% of the purchase price or the value of the shares.

Source: Centre for Economic and Policy Research

Aviation: Yes – tax in place

Domestic flights:

  • Singapore Aviation Levy: 3.79 (SGD 6.10)

International flights:

  • Singapore Aviation Levy: 3.79 (SGD 6.10)

Beneficiary of aviation tax: Not specified

Source: European Commission: CE Delft and Directorate-General for Mobility and Transport, Taxes in the field of aviation and their impact – Final report, Publications Office, 2019

Carbon Price: Yes – Carbon pricing instrument in place

National carbon tax:

  • Since: 2019
  • Coverage: 79% of emissions
  • Price: S$25 (US$18.48)
  • Revenue: S$215 million (US$162 million)
  • Sectors covered: Electricity and heat, Industry, Waste
  • Offsetting: Not permitted

Source: World Bank

Back to Dashboard

en_GBEnglish
fr_FRFrench swSwahili en_GBEnglish