SG · AsiaES · Europe
Singapore vs Spain: tax rates compared
Spain's income tax rate is 24.6pp higher than Singapore's (48.6% vs 24%). The 200-country average is 28%: Singapore sits below it, Spain sits above it. Singapore's figure is dated 2026-04-27 and Spain's 2025-01-01, 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 | SG | ES | Difference |
|---|---|---|---|
| Income Tax | 24% | 48.6% | ES +24.6 pp |
| Corporate Tax | 17% | 25% | ES +8 pp |
| VAT | 9% | 21% | ES +12 pp |
| Capital Gains Tax | 0% | 30% | ES +30 pplargest gap |
| Crypto Tax | 0% | 30% | ES +30 pp |
| Wealth Tax | 0% | 3.5% | ES +3.5 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Singapore | 24% | Source: Inland Revenue Authority of Singapore (IRAS) — Individual Income Tax rates · as of 2026-04-27 |
| Spain | 48.6% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −24.6 pp | Spain higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Singapore | 17% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Spain | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −8 pp | Spain higher |
Spain's corporate tax rate is 8pp higher than Singapore's (25% vs 17%). The 201-country average is 22.6%: Singapore sits below it, Spain sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Singapore | 9% | Source: PWC Worldwide Tax Summaries — Singapore (Corporate, Other taxes) · as of 2026-07-02 |
| Spain | 21% | Source: PWC Worldwide Tax Summaries — Spain (Corporate, Other taxes) · as of 2025-12-31 |
| Difference | −12 pp | Spain higher |
Spain's VAT rate is 12pp higher than Singapore's (21% vs 9%). The 181-country average is 15%: Singapore sits below it, Spain sits above it. Singapore's figure is dated 2026-07-02 and Spain's 2025-12-31, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Singapore | 0% | Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02 |
| Spain | 30% | Source: PwC Worldwide Tax Summaries — Spain, Individual - Income determination · as of 2025-12-31 |
| Difference | −30 pp | Spain higher |
Spain's capital gains tax rate is 30pp higher than Singapore's (30% vs 0%). The 175-country average is 10.3%: Singapore sits below it, Spain sits above it. Singapore's figure is dated 2026-07-02 and Spain's 2025-12-31, so the two rates come from different data vintages.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Singapore | 0% | Source: IRAS e-Tax Guide — Income Tax Treatment of Digital Tokens · as of 2026-01-30 |
| Spain | 30% | Source: Agencia Tributaria — Manual Práctico Renta 2025, Compra y venta de monedas virtuales: tributación en el IRPF del inversor · as of 2025-01-01 |
| Difference | −30 pp | Spain higher |
Spain's crypto tax rate is 30pp higher than Singapore's (30% vs 0%). The 88-country average is 13%: Singapore sits below it, Spain sits above it. Singapore's figure is dated 2026-01-30 and Spain's 2025-01-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Singapore | 0% | Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02 |
| Spain | 3.5% | Source: PWC Worldwide Tax Summaries — Spain (Individual, Other taxes) · as of 2025-12-31 |
| Difference | −3.5 pp | Spain higher |
Spain's wealth tax rate is 3.5pp higher than Singapore's (3.5% vs 0%). The 193-country average is 0.1%: Singapore sits below it, Spain sits above it. Singapore's figure is dated 2026-07-02 and Spain's 2025-12-31, so the two rates come from different data vintages.