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
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
A new logic of China-Asean economic integration emerges from the Middle East conflict
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
