Taxes collected by IRAS are the largest contributor to the government’s operating revenue (GOR). For the fiscal year to end-March 2010, IRAS’s collections were 75.5% of GOR and 11.6% of Singapore’s gross domestic product. Full story
Singapore's Tax Collections Stable In 2009-10
Tax-News.com, 7 Sep 2010
The Inland Revenue Authority of Singapore (IRAS), in its annual report, said that, despite a 2% contraction in the country’s economy in 2009, a buoyant property market sustained tax revenues which, at a total of SGD29.9bn (USD22.25bn) in 2009/10, were 0.2% higher than in the previous fiscal year.
Taxes collected by IRAS are the largest contributor to the government’s operating revenue (GOR). For the fiscal year to end-March 2010, IRAS’s collections were 75.5% of GOR and 11.6% of Singapore’s gross domestic product. Full story
Taxes collected by IRAS are the largest contributor to the government’s operating revenue (GOR). For the fiscal year to end-March 2010, IRAS’s collections were 75.5% of GOR and 11.6% of Singapore’s gross domestic product. Full story
