Singapore’s corporate tax takings in first 9 months of FY23 almost at full-year estimate
IN THE first nine months of the fiscal year, Singapore’s corporate income tax receipts have almost reached the full-year estimate, with overall operating revenue also ahead of the pace, data from the Accountant-General’s Department indicated.
Personal income tax receipts, the next-largest components of operating revenue, have reached about 80 per cent of the full-year target, but goods and services tax (GST) takings are falling short.
“Operating revenue collection has been robust, even considering the uncertain economic environment,” said DBS economist Chua Han Teng in a Wednesday (Jan 31) note.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Singapore
100 years on, SICCI to focus on internationalisation, digitalisation and sustainability
Taylor Swift effect: Singapore hotels’ average room rate grows in March; tourist arrivals reach new post-Covid high
Singapore top recipient of Q1 cross-border investments in Apac: Knight Frank
Shanmugam, Vivian seek aggravated damages from Lee Hsien Yang over post on Ridout Road rentals
Singapore and Canada to enhance science and technology cooperation
Daily Debrief: What Happened Today (May 2)