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
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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