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

Taxes on income, profits and capital gains (% of total taxes) in Singapore was 48.08 as of 2019. Its highest value over the past 47 years was 52.71 in 2001, while its lowest value was 35.60 in 1972.

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 35.60
1973 38.13
1974 46.30
1975 51.03
1976 47.63
1977 48.26
1978 44.52
1979 41.73
1980 47.04
1981 50.34
1982 51.76
1983 49.90
1984 46.83
1985 45.36
1986 41.80
1987 41.53
1988 38.54
1989 39.72
1990 44.64
1991 45.04
1992 47.03
1993 45.72
1994 41.44
1995 41.50
1996 42.04
1997 41.71
1998 47.34
1999 47.40
2000 50.18
2001 52.71
2002 51.71
2003 46.21
2004 44.60
2005 47.36
2006 47.18
2007 42.73
2008 51.11
2009 46.96
2010 44.60
2011 44.63
2012 44.68
2013 43.04
2014 44.22
2015 44.72
2016 44.90
2017 48.28
2018 46.51
2019 48.08

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.

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance