Singapore - Taxes on income, profits and capital gains (% of revenue)

Taxes on income, profits and capital gains (% of revenue) in Singapore was 30.25 as of 2019. Its highest value over the past 47 years was 36.90 in 1975, while its lowest value was 19.11 in 1987.

Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1972 24.20
1973 27.54
1974 34.60
1975 36.90
1976 34.20
1977 33.91
1978 31.01
1979 28.95
1980 32.49
1981 35.04
1982 36.75
1983 32.58
1984 30.15
1985 26.96
1986 20.91
1987 19.11
1988 20.92
1989 24.32
1990 25.61
1991 26.96
1992 28.47
1993 25.96
1994 26.49
1995 25.56
1996 23.92
1997 23.80
1998 24.68
1999 24.98
2000 29.03
2001 31.58
2002 30.97
2003 29.60
2004 27.56
2005 30.17
2006 31.19
2007 28.46
2008 34.43
2009 35.67
2010 33.99
2011 34.36
2012 34.72
2013 33.13
2014 33.26
2015 32.65
2016 32.36
2017 33.46
2018 33.28
2019 30.25

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance