Apple pays US$3.3 billion in Singapore income tax for FY2026, benefiting from lower taxes
The city-state’s tax rates and incentives reduces the tech giant’s tax expense by US$5.5 billion
Apple paid US$3.3 billion in income tax to Singapore for its 2026 financial year, taking advantage of the country's lower tax rates and incentives. This payment represented about 9.4% of Apple's total worldwide cash income tax payments of US$34.6 billion. The Singapore government's tax rates and incentives reduced Apple's tax expense by US$5.5 billion, compared to applying the US federal statutory rate of 21%.
However, Apple faced an additional US$2.5 billion top-up tax expense due to Singapore's implementation of a 15% global minimum tax. Despite these tax costs, Apple's overall tax expense in Singapore was about US$2.7 billion lower than its US benchmark. The tech company did not disclose its exact effective tax rate in Singapore.
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