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     Tax - Collection

      Tax Collection Statistics

     From January to May 2000, a total of S$7.3 billion in taxes was collected. Below is the breakdown:

Type

1999

Jan-May

2000

Jan-May
  (S$m) (S$m)
Estate Duty 14 37
Stamp Duty 428 593
Betting, Sweepstakes, private lotteries 513 596
Property Tax 494 607
GST 809 1 102
Income Tax 3 114 4 363
TOTAL: 5 372 7 298

 

     NEWS SNIPPETS

  The government collected a whopping S$15.5 billion in tax revenue in the first half of the year, or S$3 billion more than in the same period last year. The full-year's collection is set to hit an all-time high. Income tax rose 20% while motor vehicle taxes soared 66%.

  The government's tax takings surged by nearly S$2 billion in the first five months of the year, providing conclusive evidence that the Singapore economy has in fact recovered strongly. The state collected a whopping S$7.3 billion in taxes from January to May this year, a 36% increase over the S$5.4 billion collected in the same period last year.