IRAS reports S$88.9 billion tax revenue in FY2024/25, up 10.7%
Singapore Reports Increase in Tax Revenue for FY2024 Singapore’s tax revenue for the fiscal year 2024 reached S$88.9 billion, marking a 10.7% growth compared to the previous year. The Inland Revenue Authority of Singapore (IRAS) attributed this increase to several factors including strong corporate earnings, higher consumer spending, and a Goods and Services Tax (GST)…