GST
other taxes
personal income tax
corporate income tax
operating revenue
Fees & charges
Others
Tax revenue
Government operating revenue is about 15 per cent of Singapore’s gross domestic product.
Tax revenue accounts for over 90 per cent of this.
The other main sources of operating revenue are fees and charges, as well as other receipts – that is, investment and interest income.
In recent years, about one-third of tax revenue has tended to come from corporate income tax; over one-fifth comes from personal income tax, and about another fifth comes from goods and services tax.Other taxes include stamp duty, property tax and betting taxes.
What's in the Budget:
Revenue
Another important source of revenue is the
Net Investment Returns Contribution (NIRC), which forms about 20 to 25 per cent of the Budget.
Overall Budget Revenue
NIRC
50%
50%
NIRC is the investment returns of Singapore’s reserves.
Net Investment Returns
Net Investment Income
Half of it is the Net Investment Returns, from net assets invested by the Republic’s state investors.
The other half, Net Investment Income, is derived from past reserves from the remaining assets.
(20-25%
of the overall)