The Social Security Rate For Employees in Singapore stands at 20 percent. source: Inland Revenue Authority of Singapore

Social Security Rate For Employees in Singapore is expected to reach 20.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Social Security Rate For Employees is projected to trend around 20.00 percent in 2022, according to our econometric models.

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Singapore Social Security Rate For Employees

Singapore Last Unit Reference Previous Highest Lowest
Personal Income Tax Rate 22.00 percent Dec/21 22.00 22.00 20.00
Corporate Tax Rate 17.00 percent Dec/21 17.00 26.00 17.00
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 Social Security Rate For Employees
In Singapore, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Singapore because they help to pay for many social programs including welfare, health care and many other benefits.