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Portugal vs Singapore: tax rates compared
Portugal has an income tax rate of 53%, 29pp above Singapore's 24%. The 200-country average is 28%: Portugal sits above it, Singapore sits below it. Portugal's figure is dated 2025-01-01 and Singapore's 2026-04-27, so the two rates come from different data vintages.
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 | PT | SG | Difference |
|---|---|---|---|
| Income Tax | 53% | 24% | PT +29 pplargest gap |
| Corporate Tax | 30.5% | 17% | PT +13.5 pp |
| VAT | 23% | 9% | PT +14 pp |
| Capital Gains Tax | 28% | 0% | PT +28 pp |
| Crypto Tax | 28% | 0% | PT +28 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Portugal | 53% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Singapore | 24% | Source: Inland Revenue Authority of Singapore (IRAS) — Individual Income Tax rates · as of 2026-04-27 |
| Difference | +29 pp | Portugal higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Portugal | 30.5% | 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 | +13.5 pp | Portugal higher |
Portugal has a corporate tax rate of 30.5%, 13.5pp above Singapore's 17%. The 201-country average is 22.6%: Portugal sits above it, Singapore sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Portugal | 23% | Source: PWC Worldwide Tax Summaries — Portugal (Corporate, Other taxes) · as of 2026-07-24 |
| Singapore | 9% | Source: PWC Worldwide Tax Summaries — Singapore (Corporate, Other taxes) · as of 2026-07-02 |
| Difference | +14 pp | Portugal higher |
Portugal has a VAT rate of 23%, 14pp above Singapore's 9%. The 181-country average is 15%: Portugal sits above it, Singapore sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Portugal | 28% | Source: PWC Worldwide Tax Summaries — Portugal (Individual, Income determination) · as of 2026-07-24 |
| Singapore | 0% | Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02 |
| Difference | +28 pp | Portugal higher |
Portugal has a capital gains tax rate of 28%, 28pp above Singapore's 0%. The 175-country average is 10.3%: Portugal sits above it, Singapore sits below it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Portugal | 28% | Source: Autoridade Tributária e Aduaneira — Criptoativos: Conceito fiscal e tributação · as of 2026-06-25 |
| Singapore | 0% | Source: IRAS e-Tax Guide — Income Tax Treatment of Digital Tokens · as of 2026-01-30 |
| Difference | +28 pp | Portugal higher |
Portugal has a crypto tax rate of 28%, 28pp above Singapore's 0%. The 88-country average is 13%: Portugal sits above it, Singapore sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Portugal | 0% | Source: PWC Worldwide Tax Summaries — Portugal (Individual, Other taxes) · as of 2026-01-05 |
| Singapore | 0% | Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02 |
| Difference | 0 pp | displayed rates match |
Portugal and Singapore share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.