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Indonesia vs Singapore: tax rates compared

Indonesia's income tax rate is 11pp higher than Singapore's (35% vs 24%). The 200-country average is 28%: Indonesia 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

0102030405060Income24%35%Corporate17%22%VAT9%12%Capital Gains0%0.1%Crypto0%0.2%Wealth Tax0%
six shared taxes, side by side
Tax ID SGDifference
Income Tax35%24%ID +11 pplargest gap
Corporate Tax22%17%ID +5 pp
VAT12%9%ID +3 pp
Capital Gains Tax0.1%0%ID +0.1 pp
Crypto Tax0.2%0%ID +0.2 pp
Wealth Tax0%0%match

Income Tax

Income Tax, side by side
CountryRateSource
Indonesia35%Source: PWC Worldwide Tax Summaries — Indonesia (Individual, Taxes on personal income) · as of 2026-06-11
Singapore24%Source: Inland Revenue Authority of Singapore (IRAS) — Individual Income Tax rates · as of 2026-04-27
Difference+11 ppIndonesia higher

Corporate Tax

Corporate Tax, side by side
CountryRateSource
Indonesia22%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Singapore17%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Difference+5 ppIndonesia higher

Indonesia's corporate tax rate is 5pp higher than Singapore's (22% vs 17%). The 201-country average is 22.6%: both sit below it.

VAT

VAT, side by side
CountryRateSource
Indonesia12%Source: PWC Worldwide Tax Summaries — Indonesia (Corporate, Other taxes) · as of 2026-06-11
Singapore9%Source: PWC Worldwide Tax Summaries — Singapore (Corporate, Other taxes) · as of 2026-07-02
Difference+3 ppIndonesia higher

Indonesia's VAT rate is 3pp higher than Singapore's (12% vs 9%). The 181-country average is 15%: both sit below it.

Capital Gains Tax

Capital Gains Tax, side by side
CountryRateSource
Indonesia0.1%Source: PWC Worldwide Tax Summaries — Indonesia (Individual, Other taxes) · as of 2026-06-11
Singapore0%Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02
Difference+0.1 ppIndonesia higher

Indonesia's capital gains tax rate is 0.1pp higher than Singapore's (0.1% vs 0%). The 175-country average is 10.3%: both sit below it.

Crypto Tax

Crypto Tax, side by side
CountryRateSource
Indonesia0.2%Source: Direktorat Jenderal Pajak (Indonesian Directorate General of Taxes) — PMK 50/2025: Babak Baru Pemajakan Aset Kripto · as of 2025-08-01
Singapore0%Source: IRAS e-Tax Guide — Income Tax Treatment of Digital Tokens · as of 2026-01-30
Difference+0.2 ppIndonesia higher

Indonesia's crypto tax rate is 0.2pp higher than Singapore's (0.2% vs 0%). The 88-country average is 13%: both sit below it. Indonesia's figure is dated 2025-08-01 and Singapore's 2026-01-30, so the two rates come from different data vintages.

Wealth Tax

Wealth Tax, side by side
CountryRateSource
Indonesia0%Source: PWC Worldwide Tax Summaries — Indonesia (Individual, Other taxes) · as of 2026-06-11
Singapore0%Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02
Difference0 ppdisplayed rates match

Indonesia's wealth tax rate is identical to Singapore's — both sit at 0%. The 193-country average is 0.1%: both sit below it.