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Denmark vs Singapore: tax rates compared
Denmark has an income tax rate of 55.9%, 31.9pp above Singapore's 24%. The 200-country average is 28%: Denmark sits above it, Singapore sits below it. Denmark's figure is dated 2025-01-01 and Singapore's 2026-04-27, so the two rates come from different data vintages.
Verified data covers six of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | DK | SG | Difference |
|---|---|---|---|
| Income Tax | 55.9% | 24% | DK +31.9 pp |
| Corporate Tax | 22% | 17% | DK +5 pp |
| VAT | 25% | 9% | DK +16 pp |
| Capital Gains Tax | 42% | 0% | DK +42 pp |
| Crypto Tax | 57% | 0% | DK +57 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Denmark | 55.9% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Singapore | 24% | Source: Inland Revenue Authority of Singapore (IRAS) — Individual Income Tax rates · as of 2026-04-27 |
| Difference | +31.9 pp | Denmark higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Denmark | 22% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Singapore | 17% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +5 pp | Denmark higher |
Denmark has a corporate tax rate of 22%, 5pp above Singapore's 17%. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Denmark | 25% | Source: PWC Worldwide Tax Summaries — Denmark (Corporate, Other taxes) · as of 2026-02-25 |
| Singapore | 9% | Source: PWC Worldwide Tax Summaries — Singapore (Corporate, Other taxes) · as of 2026-07-02 |
| Difference | +16 pp | Denmark higher |
Denmark has a VAT rate of 25%, 16pp above Singapore's 9%. The 181-country average is 15%: Denmark sits above it, Singapore sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Denmark | 42% | Source: PwC Worldwide Tax Summaries — Denmark, Individual - Taxes on personal income · as of 2026-06-25 |
| Singapore | 0% | Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02 |
| Difference | +42 pp | Denmark higher |
Denmark has a capital gains tax rate of 42%, 42pp above Singapore's 0%. The 175-country average is 10.3%: Denmark sits above it, Singapore sits below it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Denmark | 57% | Source: Skattestyrelsen, Den juridiske vejledning C.C.2.1.3.3.5.1 — Generelt om krypto · as of 2026-07-19 |
| Singapore | 0% | Source: IRAS e-Tax Guide — Income Tax Treatment of Digital Tokens · as of 2026-01-30 |
| Difference | +57 pp | Denmark higher |
Denmark has a crypto tax rate of 57%, 57pp above Singapore's 0%. The 88-country average is 13%: Denmark sits above it, Singapore sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Denmark | 0% | Source: PWC Worldwide Tax Summaries — Denmark (Individual, Other taxes) · as of 2026-06-25 |
| Singapore | 0% | Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02 |
| Difference | 0 pp | displayed rates match |
Denmark and Singapore share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.