New tax regime to level playing field as governments will have to compete on non-tax incentives SINGAPORE will implement a Domestic Top-up Tax (DTT) as it adjusts its corporate tax regime to meet the ...

Singapore intends to raise its ... and implement a ‘Domestic Top-up Tax’ to bring the city-state’s effective corporate tax rate to that level, Finance Minister Lawrence Wong said Tuesday ...

IN THE first nine months of the government’s fiscal year, Singapore ... to corporate income taxes in the first half of the year, “this may prove to be temporal as growth momentum improves into H2 2023 ...

Singapore’s Goods and Services Tax (GST) will be raised in two steps – with the first increase from the current 7% to 8% scheduled to take effect from Jan 1 2023. The second increase from 8% to 9% ...

SINGAPORE – A global ... for the reform of international tax rules, and backs the global minimum effective corporate tax of 15 per cent from 2023. DPM Wong noted on Tuesday that the European ...

In the financial year covering April 2023 to March 2024, the Inland Revenue Authority of Singapore ... year. Tax revenue collection increased across most tax types, with corporate income ...

SINGAPORE: Singapore collected S$80.3 billion (US$61.4 billion) in tax revenue for the 2023/2024 financial year, a 17 per cent increase from the previous year. This increase reflects the "strong ...

Revenue collection by tax type in Singapore for the 2022/23 financial year. (Image: Inland Revenue Authority of Singapore) Corporate income tax made up the largest share of IRAS' revenue ...