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Singapore vs Luxembourg Tax Comparison
Side-by-side comparison of tax rates and systems
Tax Rate Comparison
Rate Comparison
Top Income Tax
Singapore24%Lower
Luxembourg42%
Corporate Tax
Singapore17%Lower
Luxembourg23.9%
Capital Gains
Singapore0%Lower
Luxembourg21%
VAT / Sales Tax
Singapore9%Lower
Luxembourg17%
| Category | Singapore | Luxembourg |
|---|---|---|
| Tax System | Territorial | Progressive |
| Top Income Tax | 24% | 42% |
| Corporate Tax | 17% | 23.9% |
| Capital Gains | 0% | 21% |
| VAT / Sales Tax | 9% | 17% |
| Crypto Tax | No | Yes |
| Wealth Tax | No | No |
| Tax Treaties | 90 | 85 |
| Currency | SGD | EUR |
The bottom line: Singapore vs Luxembourg
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 Luxembourg uses a progressive one. On crypto, Singapore is the more favourable — it does not tax cryptocurrency gains. Singapore has the wider tax-treaty network (90 agreements), which can reduce withholding tax on cross-border income.
- Income tax: Singapore is lower (24% vs 42%)
- Corporate tax: Singapore is lower (17% vs 23.9%)
- Capital gains tax: Singapore is lower (0% vs 21%)
- VAT / sales tax: Singapore is lower (9% vs 17%)