WorldTax Compareโ† All Comparisons

Portugal vs Singapore
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡ต๐Ÿ‡น Portugal
vs
๐Ÿ‡ธ๐Ÿ‡ฌ Singapore
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
13.25โ€“48%
48% top rate; further bracket relief phasing in
No change
0โ€“24%
Stable; top bracket review under consideration
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
6โ€“23%
23% standard; food VAT reductions under review
No change
9%
No further GST increases planned
No change
Corporate Tax Rate
Corporate Tax Rate
19%
Gradual reduction to 15% by 2030; 19% for 2026
โ–ผ -2.0pp vs 2025
17%
Global Minimum Tax compliance ongoing
No change
Capital Gains Tax
Capital Gains Tax
28%
28% flat; IFICI regime for new residents
No change
0%
No capital gains tax
No change
Social Security & Payroll
Social Security / Payroll
~34.75%
Stable; pension reform discussions ongoing
No change
37%
CPF adequacy review; contribution rates stable
No change
State, Regional & Local Taxes

๐Ÿ‡ต๐Ÿ‡น Portugal โ€” Municipal & Regional Taxes

Portugal's 18 districts and 308 municipalities levy a municipal IRS surcharge (Derrama Municipal) of up to 1.5% of taxable income on residents. Municipalities also apply the Derrama Municipal on corporate profits (up to 1.5%). Madeira and Azores autonomous regions have their own lower tax regimes: Madeira has a 14.7% corporate rate in the MIBC (international business centre). Real estate transfer taxes (IMT) are municipal. The NHR (Non-Habitual Resident) regime attracted many foreigners until 2024 when it was replaced by IFICI.

๐Ÿ‡ธ๐Ÿ‡ฌ Singapore โ€” City-State โ€” No Sub-National Variation

As a city-state, Singapore has no states or regions to create tax variation. Property tax is levied at progressive rates (0โ€“32% owner-occupied; 12% investment/commercial). CPF (Central Provident Fund) contributions serve as combined social security and retirement savings. There is no inheritance tax or capital gains tax.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Portugal vs Singapore: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ต๐Ÿ‡น Portugal has a higher top income tax rate (13.25โ€“48% vs 0โ€“24%). ๐Ÿ‡ธ๐Ÿ‡ฌ Singapore is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Portugal has a higher consumption tax (6โ€“23% vs 9%).

๐Ÿข Corporate Tax: ๐Ÿ‡ธ๐Ÿ‡ฌ Singapore offers a lower corporate rate (17% vs 19%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ธ๐Ÿ‡ฌ Singapore taxes investment gains at a lower rate (0% vs 28%), benefiting investors.

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