Apple’s Singapore operations reduced the company’s tax bill for the fiscal year ended September 26, 2026 by $5.5 billion, according to its annual report filed with the US Securities and Exchange Commission.
The filing reconciles Apple’s income tax charge to the 21 percent federal rate. Singapore’s effect on that charge was a $5.49 billion reduction from the tax rate difference, including incentives.
Apple also recorded a $2.51 billion charge for the Qualified Domestic Minimum Top-up Tax (part of Global Minimum Tax), and a further $311 million under other Singapore items.
Singapore was the second-largest reconciling item in Apple’s foreign tax effects after Ireland, where the tax rate difference reduced the charge by $3.46 billion.
Apple paid $3.25 billion in cash income taxes to Singapore in fiscal 2026, against total cash income taxes of $34.59 billion. Singapore accounted for about 9 percent of that total.
The figures in the United States was $19.01 billion for federal and $1.67 billion for state and local taxes. Apple paid US$4.96 billion in cash income taxes to Ireland. Foreign payments to other jurisdictions totaled $5.70 billion.
For fiscal 2026, Apple reported net sales of $478.83 billion, up 15 percent from $416.16 billion in fiscal 2025; and net income of $132.18 billion, up 18 percent from $112.01 billion.