GH · AfricaSG · Asia
Ghana vs Singapore: tax rates compared
Between the two, Ghana's income tax rate (35%) tops Singapore's (24%) by 11pp. The 200-country average is 28%: Ghana sits above it, Singapore sits below it.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | GH | SG | Difference |
|---|---|---|---|
| Income Tax | 35% | 24% | GH +11 pp |
| Corporate Tax | 25% | 17% | GH +8 pp |
| VAT | 15% | 9% | GH +6 pp |
| Capital Gains Tax | 15% | 0% | GH +15 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Ghana | 35% | Source: PwC Worldwide Tax Summaries — Ghana, Individual - Taxes on personal income · as of 2026-03-11 |
| Singapore | 24% | Source: Inland Revenue Authority of Singapore (IRAS) — Individual Income Tax rates · as of 2026-04-27 |
| Difference | +11 pp | Ghana higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Ghana | 25% | 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 | +8 pp | Ghana higher |
Between the two, Ghana's corporate tax rate (25%) tops Singapore's (17%) by 8pp. The 201-country average is 22.6%: Ghana sits above it, Singapore sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Ghana | 15% | Source: Ghana Revenue Authority — VAT · as of 2026-01-01 |
| Singapore | 9% | Source: PWC Worldwide Tax Summaries — Singapore (Corporate, Other taxes) · as of 2026-07-02 |
| Difference | +6 pp | Ghana higher |
Between the two, Ghana's VAT rate (15%) tops Singapore's (9%) by 6pp. The 181-country average is 15%: Ghana matches the world average, Singapore sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Ghana | 15% | Source: Ghana Revenue Authority — Capital Gains Tax · as of 2026-07-19 |
| Singapore | 0% | Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02 |
| Difference | +15 pp | Ghana higher |
Between the two, Ghana's capital gains tax rate (15%) tops Singapore's (0%) by 15pp. The 175-country average is 10.3%: Ghana sits above it, Singapore sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Ghana | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-03-11 |
| Singapore | 0% | Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Ghana and Singapore both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.