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
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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.
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