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Corporate Tax Growth Spurs 17% Rise in Singaporean Tax Revenue

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Corporate Tax Growth Spurs 17% Rise in Singaporean Tax Revenue

  • By Natasha Teja

The Inland Revenue Authority of Singapore (IRAS) reported a 17% increase in tax revenue for the financial year 2023-2024, reaching S$80.3 billion. Corporate tax collections saw the most significant growth, up 25.6% to S$29 billion, accounting for 36.1% of the total revenue.

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