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Parliamentary Replies

Changes in Highest Personal Income Tax Rate and Corporate Income Tax Rate since 1991 and Changes in Other Taxes

06 Jul 2021
Parliamentary Question by Mr Leong Mun Wai:

To ask the Deputy Prime Minister and Minister for Finance (a) what are the changes in the highest personal income tax rate and corporate income tax rate since 1991; and (b) what are the changes in other taxes like GST, water tax and other taxes since 1991.

Parliamentary Reply by Minister for Finance, Mr Lawrence Wong:

The highest marginal personal income tax rate for tax resident individuals, corporate income tax rate, GST rate and water conservation tax rate since 1991 are as follows: