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Singapore tax collection down 7.3%, first fall in over 15 years

Decline was due to dampened business activities amid Covid-19 pandemic, says Iras

Mindy Tan

Published Fri, Sep 3, 2021 · 05:50 AM

Singapore

TAX collection in Singapore has fallen for the first time in more than 15 years, dropping 7.3 per cent to S$49.6 billion, due to dampened business activities amid the pandemic.

The last time tax collection dipped was in FY2003/04, when collection slipped 0.41 per cent.

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International

International

Singapore tax collection down 7.3%, first fall in over 15 years

Mindy Tan

KEYWORDS IN THIS ARTICLE

International

US economic growth slows more than expected in Q1

Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons

BOE reports record usage of short-term liquidity repo

Philippines central bank not seeing rate hike despite peso weakness: finmin

Middle East tensions threaten global progress on inflation: World Bank

Heatstroke kills 30 in Thailand this year as South-east Asia bakes

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