The Business Times
business-time-50
SUBSCRIBERS

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

google-preferred-sourceAdd BT as a preferred source
Mindy Tan

Mindy Tan

Published Thu, Sep 2, 2021 · 09:50 PM
Tax collection drops in FY2020/21

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.

IRASTaxes

TRENDING NOW

An artist's impression of Pelican Paradise Group's township project that was designed to include a five-star convention hotel, an 18-hole championship golf course and a hospital, among others.

Singapore developer in limbo after Timor-Leste scraps major township project

Han Keen Juan, executive chairman, Old Chang Kee says he did not build his curry puff empire alone

From hawker stall to Enterprise Award winner: How Han Keen Juan scaled the Old Chang Kee empire

According to a 2025 survey by the Indonesian Internet Providers Association, millennials and Gen Zs make up 86.6 per cent of online borrowers.

‘I feel so stupid’: How young Indonesians get stuck on the debt treadmill

Vietnam's market surveillance units under the trade ministry will intensify checks on counterfeit goods, with a focus on industrial property rights and trademark infringement.

Hanoi orders 20% surge in IP enforcement cases in May after US warning

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More