Singapore tax revenue hits record $97.3 billion, up 9.4% on stronger economy

The Inland Revenue Authority of Singapore collected $97.3 billion in tax revenue in the 2025/26 financial year.

Published Sep 04, 2026, 01:05 PM

Updated Sep 04, 2026, 02:35 PM

Singapore's tax revenue rose 9.4% to $97.3 billion in 2025/2026, driven by strong economic growth and consumer spending.

Corporate income tax was the largest source at $34.4 billion, followed by GST at $21.7 billion and individual income tax at $20.9 billion.

IRAS recovered $589 million from a small minority of taxpayers who wilfully evaded tax.

SINGAPORE – The Inland Revenue Authority of Singapore collected $97.3 billion in tax revenue in the financial year 2025/2026, up 9.4 per cent from the previous financial year, driven by stronger economic activity and consumer spending.

According to IRAS data dating back to 2002, this marks the highest tax collection on record.

The sum accounted for 74.8 per cent of the Government’s operating revenue and was equivalent to 12.3 per cent of Singapore’s gross domestic product.

Corporate income tax remained the largest source of revenue, rising to $34.4 billion from $30.9 billion in the previous financial year, and accounting for 35.4 per cent of total collection.

Goods and services tax was the second-largest contributor at 22.3 per cent, bringing in $21.7 billion, up from $20 billion previously, reflecting higher consumer spending.

Individual income tax collections rose to $20.9 billion from $19.1 billion, making up 21.5 per cent of total tax revenue.

Property tax and stamp duty contributed $6.9 billion and $7.3 billion respectively.

Betting tax contributed $3.6 billion , while withholding tax contributed $2.5 billion.

IRAS also processed close to $1.2 billion in grants and payouts to about 126,200 businesses during the year, through various support schemes such as the Progressive Wage Credit Scheme, Senior Employment Credit and Central Provident Fund Transition Offset.

The tax authority said compliance remained strong, with arrears for income tax, GST and property tax at 0.64 per cent of net tax assessed – slightly lower than 0.66 per cent previously, according to the latest IRAS annual report.

It audited and investigated 8,560 cases involving taxpayers who wilfully evaded taxes, recovering about $589 million in taxes and penalties.

From April 2028, GST-registered businesses will progressively be required to join the InvoiceNow network and submit invoice data directly to IRAS, with the roll-out continuing in phases until April 2031.

IRAS is also pressing ahead with efforts to make digital services the default. Electronic payments reached an adoption rate of 99.8 per cent, while electronic refunds and eGIRO applications stood at 99.7 per cent and 96.6 per cent respectively.

Cheong Poh Kwan is assistant business editor at The Straits Times.

Singapore tax system

新加坡税务局在 2025/26 财年征收了 973 亿美元的税款。

发布于 2026 年 9 月 4 日下午 1:05

更新于2026年9月4日下午2:35

受强劲的经济增长和消费支出推动，新加坡2025/2026财年的税收收入增长了9.4%，达到973亿美元。

企业所得税是最大的税收来源，达 344 亿美元，其次是商品及服务税（GST），为 217 亿美元，个人所得税为 209 亿美元。

新加坡税务局从少数故意逃税的纳税人手中追回了 5.89 亿美元。

新加坡——受经济活动和消费支出的强劲推动，新加坡税务局在 2025/2026 财年征收了 973 亿新元的税收，比上一财年增长了 9.4%。

根据新加坡税务局自 2002 年以来的数据，这是有史以来最高的税收额。

该笔款项占政府运营收入的 74.8%，相当于新加坡国内生产总值的 12.3%。

企业所得税仍然是最大的收入来源，从上一财政年度的 309 亿美元增至 344 亿美元，占总税收的 35.4%。

商品和服务税是第二大贡献者，占比 22.3%，收入达 217 亿美元，高于之前的 200 亿美元，反映出消费者支出增加。

个人所得税收入从 191 亿美元增至 209 亿美元，占税收总额的 21.5%。

房产税和印花税分别贡献了69亿美元和73亿美元。

博彩税贡献了 36 亿美元，而预扣税贡献了 25 亿美元。

新加坡税务局 (IRAS) 也通过各种支持计划，如渐进式工资补贴计划、老年人就业补贴和中央公积金过渡补贴，在这一年中向约 126,200 家企业发放了近 12 亿新元的补助金和款项。

税务部门表示，纳税遵从度依然强劲，所得税、消费税和房产税的欠税额占评估净税额的0.64%，略低于之前的0.66%，这是新加坡税务局最新发布的年度报告得出的结论。

它审计并调查了 8,560 起纳税人故意逃税的案件，追回了约 5.89 亿美元的税款和罚款。

从 2028 年 4 月起，已注册消费税的企业将逐步被要求加入 InvoiceNow 网络，并将发票数据直接提交给新加坡税务局 (IRAS)，该推广工作将分阶段持续到 2031 年 4 月。

新加坡税务局也在大力推进数字化服务成为默认选项。电子支付的普及率已达99.8%，电子退款和电子转账（eGIRO）的普及率分别为99.7%和96.6%。

张宝坤是《海峡时报》的商业版助理编辑。

新加坡税制