Singapore's Tax Revenue up 10.7%, Nearly S$89 Billion Collected

Singapore tax revenue rises 10.7% to S$88.9 billion amid strong economic growth, consumer spending

SINGAPORE: Tax collection in Singapore rose by 10.7 per cent, driven by robust economic growth and higher consumer spending.

Singapore tax revenue rises 10.7% to $88.9 billion amid strong economic growth, consumer spending

The tax revenue collected represents about 76.9% of the Government’s operating revenue, Iras said. Read more at straitstimes.com.

Singapore's tax revenue up 10.7%, nearly S$89 billion collected

SINGAPORE: Singapore collected S$88.9 billion (US$69.3 billion) in tax revenue for the 2024/2025 financial year, a 10.7 per cent increase from the previous year.  The incr

'Robust' economic growth, higher consumer spending: Singapore ...

Singapore saw "robust" economic growth and higher consumer spending for the financial year (FY) 2024/25, with tax revenue reaching $89 billion.This is 10.7 per cent higher than the $80.3 billion collected from April 2023 to March 2024, said the Inland Revenue Authority of Singapore (IRAS) on Thursday (Sept 11).The total tax revenue collected makes up about 76.9 per cent of...

IRAS reports S$88.9 billion tax revenue in FY2024/25, up 10.7%

Singapore collected S$88.9 billion in tax revenue for the 2024/2025 financial year, marking a 10.7 per cent rise compared with the previous year. According to the Inland Revenue Authority of Singapore (IRAS) on 11 September, the growth was supported by robust economic expansion and higher consumer spending. The total tax revenue represented 76.9 per cent of government operating revenue and 12.2 per cent of Singapore’s gross domestic product. IRA…