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Namibia vs Singapore: tax rates compared
Namibia has an income tax rate of 37%, 13pp above Singapore's 24%. The 200-country average is 28%: Namibia sits above it, Singapore sits below it. Namibia's figure is dated 2025-03-01 and Singapore's 2026-04-27, so the two rates come from different data vintages.
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 | NA | SG | Difference |
|---|---|---|---|
| Income Tax | 37% | 24% | NA +13 pplargest gap |
| Corporate Tax | 30% | 17% | NA +13 pp |
| VAT | 15% | 9% | NA +6 pp |
| Capital Gains Tax | 0% | 0% | match |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Namibia | 37% | Source: PWC Worldwide Tax Summaries — Namibia, Republic of (Individual, Taxes on personal income) · as of 2025-03-01 |
| Singapore | 24% | Source: Inland Revenue Authority of Singapore (IRAS) — Individual Income Tax rates · as of 2026-04-27 |
| Difference | +13 pp | Namibia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Namibia | 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 | Namibia higher |
Namibia has a corporate tax rate of 30%, 13pp above Singapore's 17%. The 201-country average is 22.6%: Namibia sits above it, Singapore sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Namibia | 15% | Source: PWC Worldwide Tax Summaries — Namibia, Republic of (Corporate, Other taxes) · as of 2026-07-16 |
| Singapore | 9% | Source: PWC Worldwide Tax Summaries — Singapore (Corporate, Other taxes) · as of 2026-07-02 |
| Difference | +6 pp | Namibia higher |
Namibia has a VAT rate of 15%, 6pp above Singapore's 9%. The 181-country average is 15%: Namibia matches the world average, Singapore sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Namibia | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Namibia · as of 2025-10-01 |
| Singapore | 0% | Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02 |
| Difference | 0 pp | displayed rates match |
Namibia and Singapore share the same capital gains tax rate: 0%. The 175-country average is 10.3%: both sit below it. Namibia's figure is dated 2025-10-01 and Singapore's 2026-07-02, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Namibia | 0% | Source: PWC Worldwide Tax Summaries — Namibia, Republic of (Individual, Other taxes) · as of 2026-07-16 |
| Singapore | 0% | Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02 |
| Difference | 0 pp | displayed rates match |
Namibia and Singapore share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.