Singapore tax revenue up 9.4%, hits record $97b

Singapore collected $97.3 billion in tax revenue in the financial year of 2025/2026, up 9.4 per cent from the previous year amid stronger economic activity and consumer spending, said the Inland Revenue Authority of Singapore (IRAS) on Friday (Sep 4).

In its annual report, IRAS said the amount accounted for 74.8 per cent of the Government's operating revenue and 12.3 per cent of the country's gross domestic product.

According to IRAS data dating back to 2002, this was the highest tax collection on record, reported The Straits Times.

Corporate income tax remained the largest source of tax revenue at $34.4 billion, up from $30.9 billion the previous year, accounting for 35.4 per cent of total tax collection.

Goods and Services Tax (GST) was the second-largest contributor, up to $21.7 billion from $20 billion, accounting for 22.3 per cent of total tax collection amid higher consumer spending, IRAS said.

Individual income tax contributed $20.9 billion, or 21.5 per cent of total tax collection, up from $19.1 billion in FY2024.

Additionally, property tax and stamp duty accounted for 7.1 per cent ($6.9 billion) and 7.5 per cent ($7.3 billion), respectively, of IRAS' total revenue collection.

The authority said tax compliance remained high, with the arrears rate for income tax, GST and property tax standing at 0.64 per cent of net tax assessed.

Despite the high level of tax compliance, IRAS said it continues to take "firm action" against the small minority of taxpayers who evade tax.

In FY2025/26, it audited and investigated 8,560 cases, recovering about $589 million in taxes and penalties.

Beyond tax collection, it said it processed close to $1.2 billion in payouts to about 126,200 businesses through support schemes, including the Progressive Wage Credit Scheme, Senior Employment Credit and CPF Transition Offset.

As part of its efforts to digitalise tax services, the tax authority will also progressively require all GST-registered businesses to onboard InvoiceNow and submit invoice data directly to the tax authority between April 2028 and April 2031.

xingying.koh@asiaone.com

新加坡税务局（IRAS）周五（9月4日）表示，在经济活动和消费支出走强的推动下，新加坡在2025/2026财年征收了973亿美元的税收，比上一年增长了9.4%。

新加坡税务局在其年度报告中表示，该金额占政府运营收入的 74.8%，占该国国内生产总值的 12.3%。

据《海峡时报》报道，根据新加坡税务局自 2002 年以来的数据，这是有记录以来最高的税收额。

企业所得税仍然是最大的税收来源，达到 344 亿美元，比上一年的 309 亿美元有所增加，占税收总额的 35.4%。

新加坡税务局表示，商品及服务税（GST）是第二大税收贡献者，从 200 亿新元增至 217 亿新元，占总税收的 22.3%，这主要得益于消费者支出增加。

个人所得税贡献了 209 亿美元，占税收总额的 21.5%，高于 2024 财年的 191 亿美元。

此外，房地产税和印花税分别占新加坡税务局总收入的 7.1%（69 亿美元）和 7.5%（73 亿美元）。

税务部门表示，税收遵从度仍然很高，所得税、商品及服务税和房产税的欠税率为评估净税额的0.64%。

尽管纳税遵从度很高，但新加坡税务局表示，将继续对少数逃税纳税人采取“坚决行动”。

在 2025/26 财年，该机构审计和调查了 8,560 起案件，追回了约 5.89 亿美元的税款和罚款。

除了税收之外，该公司表示，它还通过扶持计划（包括渐进式工资补贴计划、老年人就业补贴和公积金过渡抵免）向约 126,200 家企业支付了近 12 亿美元的款项。

作为其税务服务数字化努力的一部分，税务机关还将逐步要求所有已注册 GST 的企业在 2028 年 4 月至 2031 年 4 月期间接入 InvoiceNow 系统，并将发票数据直接提交给税务机关。

邢莹.koh@asiaone.com