PE · AmericasSG · Asia
Peru vs Singapore: tax rates compared
Peru has an income tax rate of 30%, 6pp above Singapore's 24%. The 200-country average is 28%: Peru 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 | PE | SG | Difference |
|---|---|---|---|
| Income Tax | 30% | 24% | PE +6 pp |
| Corporate Tax | 29.5% | 17% | PE +12.5 pplargest gap |
| VAT | 18% | 9% | PE +9 pp |
| Capital Gains Tax | 5% | 0% | PE +5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Peru | 30% | Source: PWC Worldwide Tax Summaries — Peru (Individual, Taxes on personal income) · as of 2026-07-13 |
| Singapore | 24% | Source: Inland Revenue Authority of Singapore (IRAS) — Individual Income Tax rates · as of 2026-04-27 |
| Difference | +6 pp | Peru higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Peru | 29.5% | 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 | +12.5 pp | Peru higher |
Peru has a corporate tax rate of 29.5%, 12.5pp above Singapore's 17%. The 201-country average is 22.6%: Peru sits above it, Singapore sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Peru | 18% | Source: PWC Worldwide Tax Summaries — Peru (Corporate, Other taxes) · as of 2026-07-13 |
| Singapore | 9% | Source: PWC Worldwide Tax Summaries — Singapore (Corporate, Other taxes) · as of 2026-07-02 |
| Difference | +9 pp | Peru higher |
Peru has a VAT rate of 18%, 9pp above Singapore's 9%. The 181-country average is 15%: Peru sits above it, Singapore sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Peru | 5% | Source: PWC Worldwide Tax Summaries — Peru (Individual, Income determination) · as of 2026-07-13 |
| Singapore | 0% | Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02 |
| Difference | +5 pp | Peru higher |
Peru has a capital gains tax rate of 5%, 5pp above Singapore's 0%. The 175-country average is 10.3%: both sit below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Peru | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Peru · 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 |
Peru and Singapore share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. Peru's figure is dated 2025-10-01 and Singapore's 2026-07-02, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.