SINGAPORE, Sept. 4 (Xinhua) -- Singapore's tax revenue rose 9.4 percent to 97.3 billion Singapore dollars (76.8 billion U.S. dollars) in financial year 2025/26, driven by stronger economic activity and consumer spending, the Inland Revenue Authority of Singapore said on Friday.
The tax collection accounted for 74.8 percent of the Singapore government's operating revenue and 12.3 percent of gross domestic product, the authority said in a statement.
Corporate income tax remained the largest source of tax revenue, rising to 34.4 billion Singapore dollars from 30.9 billion Singapore dollars a year earlier. It accounted for 35.4 percent of total tax collection.
Beyond tax collection, the authority processed nearly 1.2 billion Singapore dollars in payouts to support businesses and workers, contributing to measures aimed at strengthening economic resilience and supporting inclusive growth. ■