Singapore’s corporate tax takings in first 9 months of FY2022 exceed full-year estimate

The government’s overall operating revenue has also crossed the 80 per cent mark

Tessa Oh

Published Thu, Feb 2, 2023 · 05:50 AM

IN THE first nine months of the government’s fiscal year, Singapore’s corporate income tax receipts have already exceeded its full-year estimate – with overall operating revenue also ahead of the pace, data from the Accountant-General’s Department showed.

At the three-quarter mark of FY2022, receipts of personal income tax and goods and services tax (GST) – the two next-largest components of operating revenue – have surpassed 80 per cent of full-year projections, according to data available on the Singapore Department of Statistics website.

Corporate income tax revenue for the first nine months, April through December…