SL · AfricaSG · Asia
Sierra Leone vs Singapore: tax rates compared
Sierra Leone has an income tax rate of 30%, 6pp above Singapore's 24%. The 200-country average is 28%: Sierra Leone sits above it, Singapore sits below it. Sierra Leone's figure is dated 2021-01-01 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 | SL | SG | Difference |
|---|---|---|---|
| Income Tax | 30% | 24% | SL +6 pp |
| Corporate Tax | 25% | 17% | SL +8 pp |
| VAT | 15% | 9% | SL +6 pp |
| Capital Gains Tax | 25% | 0% | SL +25 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Sierra Leone | 30% | Source: Sierra Leone National Revenue Authority — 2022 NRA Tax Guide · as of 2021-01-01 |
| Singapore | 24% | Source: Inland Revenue Authority of Singapore (IRAS) — Individual Income Tax rates · as of 2026-04-27 |
| Difference | +6 pp | Sierra Leone higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Sierra Leone | 25% | 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 | +8 pp | Sierra Leone higher |
Sierra Leone has a corporate tax rate of 25%, 8pp above Singapore's 17%. The 201-country average is 22.6%: Sierra Leone sits above it, Singapore sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Sierra Leone | 15% | Source: National Revenue Authority (Sierra Leone) — A Guide to the GST Legislation · as of 2009-03-01 |
| Singapore | 9% | Source: PWC Worldwide Tax Summaries — Singapore (Corporate, Other taxes) · as of 2026-07-02 |
| Difference | +6 pp | Sierra Leone higher |
Sierra Leone has a VAT rate of 15%, 6pp above Singapore's 9%. The 181-country average is 15%: Sierra Leone matches the world average, Singapore sits below it. Sierra Leone's figure is dated 2009-03-01 and Singapore's 2026-07-02, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Sierra Leone | 25% | Source: National Revenue Authority, Sierra Leone — Finance Act 2021 (Section 13, amending Income Tax Act 2000 Section 57(1)) · as of 2021-01-01 |
| Singapore | 0% | Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02 |
| Difference | +25 pp | Sierra Leone higher |
Sierra Leone has a capital gains tax rate of 25%, 25pp above Singapore's 0%. The 175-country average is 10.3%: Sierra Leone sits above it, Singapore sits below it. Sierra Leone's figure is dated 2021-01-01 and Singapore's 2026-07-02, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Sierra Leone | 0% | Source: Sierra Leone National Revenue Authority — Tax Laws & Regulations (official index) · as of 2026-07-18 |
| Singapore | 0% | Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02 |
| Difference | 0 pp | displayed rates match |
Sierra Leone 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.