Does Singapore tax capital gains?

No capital gains tax

Singapore does not levy a capital gains tax. The statutory rate is 0%, which applies to gains on the disposal of shares, property and other capital assets held by investors.

The trading-income caveat

The key nuance is the line between capital and revenue. If the Inland Revenue Authority of Singapore considers that gains arise from a trade or business — for example, frequent property flipping or share dealing as a business activity — those gains can be assessed as ordinary income and taxed at the applicable rate (up to the 20% top personal rate or the 17% corporate rate).

Comparison

Singapore’s 0% capital gains treatment is shared by other low-tax hubs:

• Hong Kong — no capital gains tax
• United Arab Emirates — no capital gains tax
• Switzerland — no tax on private capital gains

By contrast, the United States taxes long-term capital gains at up to 20% and the United Kingdom at up to 24%.

Data basis: Government tax authority data via taxesmap.app, as of 2026