Taxes on goods and services as a share of revenue reached 19.8 % in 2017 in Singapore, according to the National Statistical Office. This is 13.6 % less than in the previous year.
Historically, taxes on goods and services as a share of revenue in Singapore reached an all time high of 26.2 % in 2009 and an all time low of 13.4 % in 1983. When compared to Singapore's main peers, taxes on goods and services as a share of revenue in Indonesia amounted to 38.1 %, 28.7 % in Malaysia, 27.0 % in Philippines and 43.3 % in Thailand in 2017.
Singapore has been ranked 95th within the group of 105 countries we follow in terms of taxes on goods and services as a share of revenue.
Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on the extraction and production of minerals, and profits of fiscal monopolies.