SG · AsiaTH · Asia
Singapore vs Thailand: tax rates compared
Thailand's income tax rate is 11pp higher than Singapore's (35% vs 24%). The 200-country average is 28%: Singapore sits below it, Thailand sits above it.
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 | TH | Difference |
|---|---|---|---|
| Income Tax | 24% | 35% | TH +11 pp |
| Corporate Tax | 17% | 20% | TH +3 pp |
| VAT | 9% | 7% | SG +2 pp |
| Capital Gains Tax | 0% | 0% | match |
| Crypto Tax | 0% | 15% | TH +15 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Singapore | 24% | Source: Inland Revenue Authority of Singapore (IRAS) — Individual Income Tax rates · as of 2026-04-27 |
| Thailand | 35% | Source: PWC Worldwide Tax Summaries — Thailand (Individual, Taxes on personal income) · as of 2026-02-02 |
| Difference | −11 pp | Thailand higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Singapore | 17% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Thailand | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −3 pp | Thailand higher |
Thailand's corporate tax rate is 3pp higher than Singapore's (20% vs 17%). The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Singapore | 9% | Source: PWC Worldwide Tax Summaries — Singapore (Corporate, Other taxes) · as of 2026-07-02 |
| Thailand | 7% | Source: PWC Worldwide Tax Summaries — Thailand (Corporate, Other taxes) · as of 2026-02-02 |
| Difference | +2 pp | Singapore higher |
Singapore's VAT rate is 2pp higher than Thailand's (9% vs 7%). The 181-country average is 15%: both sit below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Singapore | 0% | Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02 |
| Thailand | 0% | Source: PWC Worldwide Tax Summaries — Thailand (Individual, Income determination) · as of 2026-02-02 |
| Difference | 0 pp | displayed rates match |
Singapore's capital gains tax rate is identical to Thailand's — both sit at 0%. The 175-country average is 10.3%: both sit below it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Singapore | 0% | Source: IRAS e-Tax Guide — Income Tax Treatment of Digital Tokens · as of 2026-01-30 |
| Thailand | 15% | Source: PWC Worldwide Tax Summaries — Thailand (Individual, Income determination) · as of 2026-02-02 |
| Difference | −15 pp | Thailand higher |
Thailand's crypto tax rate is 15pp higher than Singapore's (15% vs 0%). The 88-country average is 13%: Singapore sits below it, Thailand sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Singapore | 0% | Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02 |
| Thailand | 0% | Source: PWC Worldwide Tax Summaries — Thailand (Individual, Other taxes) · as of 2026-02-02 |
| Difference | 0 pp | displayed rates match |
Singapore's wealth tax rate is identical to Thailand's — both sit at 0%. The 193-country average is 0.1%: both sit below it.