Property stamp duty collection jumps to S$3.2b; corporate, income taxes race past pre-Covid levels
Corporate, personal income taxes were also key drivers for growth in tax revenue, which will help fund Covid support moves
Add BT as a preferred source
Singapore
A ROBUST property market has contributed to a surge in stamp duties collected in the first half of Singapore's current financial year - a trend that could continue amid expectations of a banner year.
Tax revenue for April 2021 to September 2021 totalled S$39.43 billion, outstripping the S$23.74 billion collected in the corresponding period in FY20, going by data from the Accountant-General's department, available online at the Singapore Department of Statistics. The FY21 figure also surpasses the S$37.2 billion chalked up for the six month period in FY19, prior to the pandemic outbreak.
TRENDING NOW
Onitsuka Tiger pivots from Asics stripes to tap luxury market
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
CSE Global’s board clash: Who are Eugene Lai and Tan Chian Khong?
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
