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IRAS tax revenue up 4.4% for FY14/15
Of the S$43.4b collected, more than half comes from income tax, boosted by higher corporate profits and individual earnings
Published Wed, Sep 23, 2015 · 09:50 PM
Singapore
FOR its financial year 2014/15, the Inland Revenue Authority of Singapore (IRAS) collected S$43.4 billion in tax revenue, 4.4 per cent higher than for FY2013/14.
This amount represents 71.3 per cent of the government operating revenue and 11.1 per cent of Singapore's gross domestic product, IRAS said in its latest annual report.
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