SINGAPORE: Singapore’s tax revenue rose 9.4 per cent from the previous year to a total of S$97.3 billion (US$76.8 billion) in the 2025/2026 financial year, according to official data released on Friday (Sep 4).
In its annual report, the Inland Revenue Authority of Singapore (IRAS) attributed the rise in tax revenue to “stronger economic activity and consumer spending”.
The total tax revenue collected accounts for 74.8 per cent of the government’s operating revenue and 12.3 per cent of Singapore’s GDP.
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