Taxes on income, profits and capital gains as a share of revenue reached 37.9% in 2020 in Singapore, according to the National Statistical Office. This is 25.2% more than in the previous year.
Historically, taxes on income, profits and capital gains as a share of revenue in Singapore reached an all time high of 37.9% in 2020 and an all time low of 19.1% in 1987.
Singapore has been ranked 19th within the group of 109 countries we follow in terms of taxes on income, profits and capital gains as a share of revenue.
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