Apple paid US$3.25 billion in Singapore income taxes in FY2026
The payment accounted for about 9.4% of its worldwide cash income tax payments of US$34.59 billion.
In FY2026, Apple paid US$3.25 billion in income taxes to Singapore, representing 9.4% of its global cash income tax payments totaling US$34.59 billion. The payment was facilitated by Singapore's lower tax rates and incentives, which reduced Apple's tax expense by US$5.49 billion compared to applying the US federal statutory rate of 21%.
However, the company faced an additional US$2.51 billion top-up tax expense due to Singapore's implementation of a 15% global minimum tax, which will apply to financial years beginning on or after Jan 1, 2025. While Singapore's standard corporate income tax rate is 17%, incentives and exemptions can lower companies' effective rates.
Apple did not disclose its exact effective tax rate in Singapore. After accounting for the top-up tax and other adjustments, the net reduction in Apple's tax expense attributable to Singapore was about US$2.67 billion compared to the US benchmark.
Written by urgent.news from Straits Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
