Taxes on goods and services as a share of revenue reached 20.4% in 2020 in Singapore, according to the National Statistical Office. This is 12.8% more 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.
Singapore has been ranked 97th within the group of 111 countries we follow in terms of taxes on goods and services as a share of revenue.
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