{
  "id": 19270458,
  "title": "Apple paid US$3.25 billion in Singapore income taxes in FY2026",
  "url": "https://urgent.news/2026/11/10/apple-paid-us-3-25-billion-in-singapore-income-taxes-in-fy2026",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-10T02:30:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/apple-paid-us3-25-billion-in-singapore-income-taxes-in-fy2026"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "The payment accounted for about 9.4% of its worldwide cash income tax payments of US$34.59 billion.",
  "key_points": [
    "Apple paid US$3.25 billion in Singapore income taxes in FY2026",
    "9.4% of global cash income tax payments were to Singapore",
    "Additional US$2.51 billion top-up tax due to global minimum tax"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}