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Finland vs Singapore: tax rates compared
Finland has an income tax rate of 51.8%, 27.8pp above Singapore's 24%. The 200-country average is 28%: Finland sits above it, Singapore sits below it. Finland'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 | FI | SG | Difference |
|---|---|---|---|
| Income Tax | 51.8% | 24% | FI +27.8 pp |
| Corporate Tax | 20% | 17% | FI +3 pp |
| VAT | 25.5% | 9% | FI +16.5 pp |
| Capital Gains Tax | 34% | 0% | FI +34 pplargest gap |
| Crypto Tax | 34% | 0% | FI +34 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Finland | 51.8% | 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 | +27.8 pp | Finland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Finland | 20% | 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 | +3 pp | Finland higher |
Finland has a corporate tax rate of 20%, 3pp above Singapore's 17%. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Finland | 25.5% | Source: Finnish Tax Administration (Vero) — Rates of VAT · as of 2026-01-01 |
| Singapore | 9% | Source: PWC Worldwide Tax Summaries — Singapore (Corporate, Other taxes) · as of 2026-07-02 |
| Difference | +16.5 pp | Finland higher |
Finland has a VAT rate of 25.5%, 16.5pp above Singapore's 9%. The 181-country average is 15%: Finland sits above it, Singapore sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Finland | 34% | Source: PwC Worldwide Tax Summaries — Finland, Individual - Income determination · as of 2026-06-24 |
| Singapore | 0% | Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02 |
| Difference | +34 pp | Finland higher |
Finland has a capital gains tax rate of 34%, 34pp above Singapore's 0%. The 175-country average is 10.3%: Finland sits above it, Singapore sits below it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Finland | 34% | Source: Vero (Finnish Tax Administration) — Virtual currencies · as of 2026-01-29 |
| Singapore | 0% | Source: IRAS e-Tax Guide — Income Tax Treatment of Digital Tokens · as of 2026-01-30 |
| Difference | +34 pp | Finland higher |
Finland has a crypto tax rate of 34%, 34pp above Singapore's 0%. The 88-country average is 13%: Finland sits above it, Singapore sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Finland | 0% | Source: PWC Worldwide Tax Summaries — Finland (Individual, Other taxes) · as of 2026-06-24 |
| Singapore | 0% | Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02 |
| Difference | 0 pp | displayed rates match |
Finland and Singapore share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.