SINGAPORE: Tax collection in Singapore rose by 10.7 per cent, driven by robust economic growth and higher consumer spending.
Singapore’s tax revenue up 10.7% at S$88.9 billion in FY2025 on robust growth and higher consumption
Corporate tax takings rise 6.7% to S$30.9 billion and remain the largest contributor Read more at The Business Times.
S’pore collected S$88.9 billion in tax revenues, up 10.7% from previous fiscal year
This represents about 12.2 per cent of Singapore's Gross Domestic Product and 76.9 per cent of the Singapore Government's operating revenue. This is a 10.7 per cent increase from the previous FY, ...
Singapore tax revenue rises 10.7% to $88.9 billion amid strong economic growth, consumer spending
The tax revenue collected represents about 76.9% of the Government’s operating revenue, Iras said. Read more at straitstimes.com. Read more at straitstimes.com.
‘Robust’ economic growth, higher consumer spending: Singapore collects nearly $89b in taxes, up 10.7%
Singapore saw "robust" economic growth and higher consumer spending for the financial year (FY) 2024/25, with tax revenue reaching $89 billion.This is 10.7 per cent higher than the $80.3 billion ...
Singapore tax revenue rises 10.7% to $88.9 billion from strong economic growth, consumer spending
Tax revenue collected represents about 76.9% of the Government’s operating revenue, Iras said. Read more at straitstimes.com. Read more at straitstimes.com.
Singapore’s tax revenue up 10.7%, nearly S$89 billion collected
SINGAPORE: Singapore collected S$88.9 billion (US$69.3 billion) in tax revenue for the 2024/2025 financial year, a 10.7 per cent increase from the previous year. The incr ...
Singapore a key node for CIMB amid wider Asean growth plans
Singapore has] clearly been a very successful wealth centre, and we have also been beneficiaries of that,” says group CEO Novan Amirudin, who calls the city-state an “extremely important” market.
ICAEW: Singapore’s exports growth to slow in H2 2025, most vulnerable to US tariffs amongst ASEAN economies
Despite the lowest US tariff rates in ASEAN, increasing uncertainties weigh on Singapore’s GDP due to its extensive reliance on exports to drive growth. SINGAPORE ...
Singapore firms now able to harness Gen AI to navigate US tariff chaos
The Trade AI Adviser will help firms to unlock opportunities, ensure compliance and stay competitive. Read more at straitstimes.com. Read more at straitstimes.com.
Singapore To Buy Boeing P-8A Aircraft As Tariff Pressures Mount On Trade-Dependent Economy
Singapore will acquire 4 Boeing P-8A aircraft to strengthen maritime security. Defence Minister Chan and US Secretary Hegseth reaffirmed their cooperation in Washington.
Carbon tax allowances ‘not a free pass’ for firms to keep emitting greenhouse gases: NCCS
Eligible facilities must have credible net-zero decarbonisation plans. Read more at straitstimes.com. Read more at straitstimes.com.
Southeast Asia set to export surplus biofuels to Europe, Petronas executive says
Southeast Asia is positioned to export biofuels to other markets such as Europe as production capacity exceeds demand in the region, a senior executive with Malaysian state oil and gas company ...
LHN gets SGX nod to list co-living business Coliwoo on mainboard; shares jump 8%
Company to delist from Hong Kong exchange on Nov 4. Read more at straitstimes.com. Read more at straitstimes.com.
The Conference Board closes Singapore-based Asia sustainability council
The Conference Board has folded the Singapore council network into its China-based Asia Sustainability Leadership Council amid a slowdown in support from members. A sustainability council for ...
LHN to spin-off list co-living business; posts growth in 3QFY2025 update
LHN Limited announced that it will be spin-off listing its co-living business Coliwoo. The group on Sept 10 had submitted its application to the Singapore Exchange (SGX) for the listing. The group has ...