Tag: Tax Revenue
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Singapore’s Tax Revenue Surges to Nearly S$89 Billion
Introduction Singapore’s financial landscape has shown remarkable resilience and growth, with the latest reports indicating a significant surge in tax revenue. For the financial year 2024/2025, Singapore collected S$88.9 billion (approximately US$69.3 billion) in tax revenue, marking a substantial 10.7% increase from the previous year. This increase not only reflects the city-state’s robust economic growth…
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Singapore’s Tax Revenue Soars: Insights on the 2024/2025 Fiscal Year
Introduction Singapore has reported a remarkable increase in tax revenue, with figures reaching S$88.9 billion (approximately US$69.3 billion) for the 2024/2025 financial year. This marks a significant 10.7% rise from the previous year, showcasing the resilience and growth of the economy amidst a challenging global environment. In this article, we will delve into the factors…
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Singapore Tax Revenue Hits Record High of S$88.9 Billion
Singapore’s Tax Revenue Reaches New Heights In a remarkable financial achievement, Singapore has reported a total tax revenue of S$88.9 billion (approximately US$69.3 billion) for the fiscal year 2024/2025. This impressive figure represents a significant increase of 10.7% compared to the previous financial year. The growth in tax revenue is largely attributed to the nation’s…
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Donohoe Warns of Tax Vulnerability Following August Receipts Decline
In a detailed analysis reflecting the Irish economy’s current financial landscape, Minister for Finance Paschal Donohoe recently expressed significant concerns regarding the vulnerability of the country’s tax revenues. This warning came in the wake of a dramatic fall in government receipts reported for August. As Donohoe prepares for the upcoming national budget, the implications of…