Apple's Singapore Tax Savings Reach $2.7 Billion, Report Says

Apple reduced its tax bill by $2.7 billion through Singapore this year, exceeding the $2.6 billion reduction linked to Ireland, The Irish Times reported Sunday, citing new disclosures filed with the company's annual report.

The disclosures attributed as much as $50 billion in profits to Apple's Singapore hub in 2026, the newspaper reported. The figures compare the company's tax costs with the U.S. federal statutory rate, rather than describing unpaid taxes or a finding of wrongdoing.

The new reporting requirements give a more detailed view of where major U.S. companies receive tax benefits. Apple declined to comment to The Irish Times.

Singapore and Ireland have both adopted rules tied to the international agreement for a 15% minimum effective corporate tax rate. Singapore collected a $2.5 billion top-up tax from Apple in 2026, according to the report, even as the company continued to benefit from local incentives.

Apple's Singapore operations include a sales and marketing hub that sells products and services to other Apple entities and develops intellectual property, the newspaper said. The disclosures do not establish that the company's use of Singapore's incentives was illegal.