Total tax collected for the 12 months to March 31, 2015, climbed to an all-time high of $43.4 billion, according to the Inland Revenue Authority of Singapore's latest annual report. PHOTO: IRAS
Singapore tax collection hits record high of $43.4 billion. http://str.sg/ZBrs
The number of millionaires also increased.
SINGAPORE - The taxman raked in record tax revenue in the last financial year as individuals and companies earned more and contributed to the Government's coffers.
Total tax collected for the 12 months to March 31 climbed to an all-time high of $43.4 billion, according to the Inland Revenue Authority of Singapore's (Iras) latest annual report out on Wednesday (Sept 23).
It was 4.4 per cent higher than the $41.6 billion collected in the previous financial year.
