Singapore tax system

Singapore tax revenue hits record $97.3 billion, up 9.4% on stronger economy

The Inland Revenue Authority of Singapore collected $97.3 billion in tax revenue in the 2025/26 financial year.

About 15,000 taxpayers affected by wrong NSman tax relief amounts after error in MINDEF’s system

Of the 15,000 affected taxpayers, about 7,000 of them will have an increase in their tax bill, while around 8,000 of them will have a decrease.

Young & Savvy

Filing taxes is boring work. My late aunt gave me 3 tips to optimise it

The writer's aunt cared deeply about financial prudence, and tax was a realm in which she brimmed with solicited and unsolicited advice.

Using capital value to assess property tax for owner-occupied homes ‘not appropriate’: Indranee

Use of rental data to determine annual value keeps property taxes more stable and predictable, Second Minister for Finance Indranee Rajah said.

Over 12,000 employers on IRAS auto-inclusion scheme for tax reporting failed to file on time in 2025

Forum: Govt continues to review SRS regularly

S’pore needs to keep up with global tax changes to stay competitive in tough times: Jeffrey Siow

The Government is closely monitoring international developments regarding the global tax regime, and if necessary, review its approach, said SMS Jeffrey Siow.

More than 300,000 companies in Singapore must file taxes by Nov 30 or face fines

Iras will offer support to over 37,000 businesses that will be filing corporate income taxes for the first time.

Singapore tax revenue rises 10.7% to $88.9 billion amid strong economic growth, consumer spending

In the financial year from April 2024 to March 2025, the Inland Revenue Authority of Singapore (Iras) collected a total of $88.9 billion.

Iras board to welcome new chairman on May 1

Mr Lai Chung Han (left) will take over from Mrs Tan Ching Yee (right) from May 1.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.