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Singapore vs China Tax Comparison
Side-by-side comparison of tax rates and systems
Tax Rate Comparison
Rate Comparison
Top Income Tax
Singapore24%Lower
China45%
Corporate Tax
Singapore17%Lower
China25%
Capital Gains
Singapore0%Lower
China20%
VAT / Sales Tax
Singapore9%Lower
China13%
| Category | Singapore | China |
|---|---|---|
| Tax System | Territorial | Progressive |
| Top Income Tax | 24% | 45% |
| Corporate Tax | 17% | 25% |
| Capital Gains | 0% | 20% |
| VAT / Sales Tax | 9% | 13% |
| Crypto Tax | No | Yes |
| Wealth Tax | No | No |
| Tax Treaties | 90 | 110 |
| Currency | SGD | CNY |
The bottom line: Singapore vs China
Singapore has the lower headline rate on 4 of the four main taxes (income, corporate, capital gains and VAT), making it the lighter-taxed of the two on paper. Singapore runs a territorial tax system, while China uses a progressive one. On crypto, Singapore is the more favourable — it does not tax cryptocurrency gains. China has the wider tax-treaty network (110 agreements), which can reduce withholding tax on cross-border income.
- Income tax: Singapore is lower (24% vs 45%)
- Corporate tax: Singapore is lower (17% vs 25%)
- Capital gains tax: Singapore is lower (0% vs 20%)
- VAT / sales tax: Singapore is lower (9% vs 13%)