Singapore: Number of taxes
* indicates monthly or quarterly data series
| Singapore |
Number of taxes paid by businesses |
|---|---|
| Latest value | 5 |
| Year | 2019 |
| Measure | taxes |
| Data availability | 2005 - 2019 |
| Average | 5 |
| Min - Max | 5 - 6 |
| Source | The World Bank (doing business survey) |
The latest value from 2019 is 5 taxes, unchanged from 5 taxes in 2018. In comparison, the world average is 23 taxes, based on data from 184 countries. Historically, the average for Singapore from 2005 to 2019 is 5 taxes. The minimum value, 5 taxes, was reached in 2005 while the maximum of 6 taxes was recorded in 2009.
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Definition: Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 10.23 | 2023 | percent |
| Government spending, in dollars | 51.28 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | 3.48 | 2023 | percent |
| Government debt | 174.84 | 2023 | percent |
| Government expenditure | 22.48 | Q1/2025 | billion |
| Tax revenue | 12.03 | 2022 | percent |
| Commercial tax rate | 21.00 | 2019 | percent |
| Tax preparation time | 64 | 2019 | hours |
| Number of taxes | 5 | 2019 | taxes |
| Taxes on goods and services | 20.17 | 2022 | percent |
| Taxes on international trade | 0.05 | 2007 | percent |
| Income and profits taxes | 37.81 | 2022 | percent |
| Foreign aid | 9.14 | 2004 | million U.S. dollars |