IRAS tax collection up 4.4% to S$52.4b in fiscal 2018/2019

Singapore

THE Inland Revenue Authority of Singapore (IRAS) collected S$52.4 billion in tax revenue in the fiscal year 2018/2019, up 4.4 per cent from a year ago.

The increase was underpinned by Singapore's 3.1 per cent economic expansion in 2018, IRAS said on Monday in its annual report.

IRAS's collection accounted for 71.1 per cent of government operating revenue (GOR), and also 10.6 per cent of Singapore's gross domestic …