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India vs Singapore: tax rates compared
Between the two, India's income tax rate (30%) tops Singapore's (24%) by 6pp. The 200-country average is 28%: India sits above it, Singapore sits below it.
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 | IN | SG | Difference |
|---|---|---|---|
| Income Tax | 30% | 24% | IN +6 pp |
| Corporate Tax | 30% | 17% | IN +13 pp |
| VAT | 18% | 9% | IN +9 pp |
| Capital Gains Tax | 12.5% | 0% | IN +12.5 pp |
| Crypto Tax | 30% | 0% | IN +30 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| India | 30% | Source: PWC Worldwide Tax Summaries — India (Individual, Taxes on personal income) · as of 2026-05-12 |
| Singapore | 24% | Source: Inland Revenue Authority of Singapore (IRAS) — Individual Income Tax rates · as of 2026-04-27 |
| Difference | +6 pp | India higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| India | 30% | 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 | +13 pp | India higher |
Between the two, India's corporate tax rate (30%) tops Singapore's (17%) by 13pp. The 201-country average is 22.6%: India sits above it, Singapore sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| India | 18% | Source: PWC Worldwide Tax Summaries — India (Corporate, Other taxes) · as of 2026-05-11 |
| Singapore | 9% | Source: PWC Worldwide Tax Summaries — Singapore (Corporate, Other taxes) · as of 2026-07-02 |
| Difference | +9 pp | India higher |
Between the two, India's VAT rate (18%) tops Singapore's (9%) by 9pp. The 181-country average is 15%: India sits above it, Singapore sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| India | 12.5% | Source: PWC Worldwide Tax Summaries — India (Individual, Other taxes) · as of 2024-07-23 |
| Singapore | 0% | Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02 |
| Difference | +12.5 pp | India higher |
Between the two, India's capital gains tax rate (12.5%) tops Singapore's (0%) by 12.5pp. The 175-country average is 10.3%: India sits above it, Singapore sits below it. India's figure is dated 2024-07-23 and Singapore's 2026-07-02, so the two rates come from different data vintages.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| India | 30% | Source: Ministry of Finance, Government of India — Memorandum Explaining the Provisions in the Finance Bill 2022 · as of 2023-04-01 |
| Singapore | 0% | Source: IRAS e-Tax Guide — Income Tax Treatment of Digital Tokens · as of 2026-01-30 |
| Difference | +30 pp | India higher |
Between the two, India's crypto tax rate (30%) tops Singapore's (0%) by 30pp. The 88-country average is 13%: India sits above it, Singapore sits below it. India's figure is dated 2023-04-01 and Singapore's 2026-01-30, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| India | 0% | Source: PWC Worldwide Tax Summaries — India (Individual, Other taxes) · as of 2026-05-12 |
| 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 — India and Singapore both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.