Government Operating Revenue
Description
Long-run Singapore government operating revenue in CSV from the Ministry of Finance, broken down by financial year, actual/revised/estimated status, revenue class, and detailed tax or fee type. Amounts are in millions of dollars with percent-of-GDP where published, covering income tax, GST, asset and excise duties, stamp duty, fees and charges, and other receipts credited to the Consolidated Revenue and Development Fund. Budget analysts and researchers track fiscal trends, tax composition shifts, and definitional changes such as land betterment charge and FY2026 reclassification of fines.
Official description
Operating Revenue refers to Government receipts credited to the Consolidated Revenue Account and Development Fund Account, excluding Investment and Interest Income, and Capital Receipts (lumpy and less regular in timing). The main components are Tax Revenue and Fees and Charges. Withholding Tax - A non-resident is liable to pay income tax on Singapore-sourced income. Under the law, when payment of a specified nature (e.g. royalty, interest, etc.) is made to a non-resident company or individual, the payer must withhold a percentage of that payment and pay the amount withheld to IRAS. The amount withheld is the Withholding Tax. Asset Taxes refer to Property Tax and Estate Duty. Property Tax is a tax on the ownership of property and is payable by all property owners on the properties owned by them. Estate Duty is a tax on the total market value of a person's assets (cash and non-cash) at the date of his or her death. Estate Duty does not apply to a person who dies on or after 15 February 2008, although there are still some collections from the estates of people who had passed away earlier. Customs Duties refer to taxes on goods imported into Singapore, excluding excise duty. In Singapore, Customs Duties are principally imposed on alcoholic products. Excise Duties refer to taxes on goods, whether manufactured in Singapore or elsewhere. In Singapore, Excise Duties are imposed principally on tobacco, petroleum products, motor vehicles and liquor. Motor Vehicle Taxes comprise additional registration fees, road tax, special tax on heavy-oil engines, passenger vehicle seating fees and non-motor vehicle licences, but exclude excise duties on motor vehicles which are classified under Customs, Excise and Carbon Taxes. Stamp Duty is a tax imposed on commercial and legal documents relating to unlisted stocks and shares and immovable property. Foreign Worker Levy is a tax to regulate the number of foreigners in Singapore. Water Conservation Tax is a tax to encourage water conservation. Prior to FY2020, Other Taxes comprise Foreign Worker Levy, Water Conservation Tax, Development Charge and Annual Tonnage Tax. From FY2020 onwards, Other Taxes comprise Development Charge (FY2020 and FY2021) / Land Betterment Charge (FY2022 onwards) and Annual Tonnage Tax. Fees and Charges (Excluding Vehicle Quota Premiums) include licenses, permits, services rendered, goods supplied and rental. Prior to FY2026, it also included collections from fines and penalties and reimbursements. Others include miscellaneous operating revenue. From FY2026 onwards, this also includes fines and penalties, and reimbursements. Year-on-year comparison for Fees and Charges (Excluding Vehicle Quota Premiums) and Others between FY2025 and FY2026 may not be meaningful due to changes in scope (see explanatory notes in the Revenue and Expenditure Estimates for the Financial Year 2026/2027 published by the Ministry of Finance). Figures may not add up due to rounding.
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- Columns
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Values are summed where multiple rows share the same category.
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| Financial Year | Actual Revised Estimated | Class | Type | Amount In Millions | Percent Of Gdp |
|---|---|---|---|---|---|
| 1997 | Actual | Tax | Asset Taxes | 2335.000000 | 0.016000 |
| 1997 | Actual | Tax | Betting Taxes | 1296.000000 | 0.009000 |
| 1997 | Actual | Tax | Corporate Income Tax | 6809.000000 | 0.045000 |
| 1997 | Actual | Tax | Customs, Excise and Carbon Taxes | 1633.000000 | 0.011000 |
| 1997 | Actual | Fees and Charges | Fees and Charges (Excluding Vehicle Quota Premiums) | 2201.000000 | 0.015000 |
| 1997 | Actual | Tax | Goods and Services Tax | 1927.000000 | 0.013000 |
| 1997 | Actual | Tax | Motor Vehicle Taxes | 1743.000000 | 0.012000 |
| 1997 | Actual | Tax | Other Taxes | 2194.000000 | 0.015000 |
| 1997 | Actual | Others | Others | 2170.000000 | 0.014000 |
| 1997 | Actual | Tax | Personal Income Tax | 2348.000000 | 0.016000 |
| 1997 | Actual | Tax | Stamp Duty | 1688.000000 | 0.011000 |
| 1997 | Actual | Tax | Statutory Boards' Contributions | 702.000000 | 0.005000 |
| 1997 | Actual | Fees and Charges | Vehicle Quota Premiums | 1799.000000 | 0.012000 |
| 1997 | Actual | Tax | Withholding Tax | 337.000000 | 0.002000 |
| 1998 | Actual | Tax | Asset Taxes | 1529.000000 | 0.011000 |
| 1998 | Actual | Tax | Betting Taxes | 1272.000000 | 0.009000 |
| 1998 | Actual | Tax | Corporate Income Tax | 6256.000000 | 0.044000 |
| 1998 | Actual | Tax | Customs, Excise and Carbon Taxes | 1566.000000 | 0.011000 |
| 1998 | Actual | Fees and Charges | Fees and Charges (Excluding Vehicle Quota Premiums) | 1881.000000 | 0.013000 |
| 1998 | Actual | Tax | Goods and Services Tax | 1657.000000 | 0.012000 |
| 1998 | Actual | Tax | Motor Vehicle Taxes | 1205.000000 | 0.009000 |
| 1998 | Actual | Tax | Other Taxes | 2037.000000 | 0.014000 |
| 1998 | Actual | Others | Others | 3208.000000 | 0.023000 |
| 1998 | Actual | Tax | Personal Income Tax | 2959.000000 | 0.021000 |
| 1998 | Actual | Tax | Stamp Duty | 953.000000 | 0.007000 |
Columns
| Column | Type | Categorical |
|---|---|---|
| Financial Year | Text | Yes |
| Actual Revised Estimated | Text | Yes |
| Class | Text | Yes |
| Type | Text | Yes |
| Amount In Millions | Numeric | No |
| Percent Of Gdp | Numeric | Yes |