Sales Tax Rate in Singapore remained unchanged at 7 percent in 2021 from 7 percent in 2020. source: Inland Revenue Authority of Singapore

Sales Tax Rate in Singapore averaged 6.75 percent from 2006 until 2021, reaching an all time high of 7 percent in 2008 and a record low of 5 percent in 2007. This page provides - Singapore Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Sales Tax Rate - GST - values, historical data and charts - was last updated on October of 2021.

Sales Tax Rate in Singapore is expected to reach 7.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Sales Tax Rate - GST is projected to trend around 7.00 percent in 2022, according to our econometric models.

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Singapore Sales Tax Rate  - GST

Singapore Last Unit Reference Previous Highest Lowest
Corporate Tax Rate 17.00 percent Dec/21 17.00 26.00 17.00
Personal Income Tax Rate 22.00 percent Dec/21 22.00 22.00 20.00
Sales Tax Rate 7.00 percent Dec/21 7.00 7.00 5.00
Social Security Rate 37.00 percent Dec/21 37.00 37.00 33.00
Social Security Rate For Companies 17.00 percent Dec/21 17.00 17.00 13.00
Social Security Rate For Employees 20.00 percent Dec/21 20.00 20.00 20.00

Singapore Sales Tax Rate - GST
In Singapore, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Singapore.