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Parliamentary Replies

Highest Income Tax Rate for Each Year from 1991 to 2013

14 Feb 2022

Parliamentary Question by Mr Leong Mun Wai:

To ask the Minister for Finance what was the highest income tax rate for each year from 1991 to 2013.

Parliamentary Reply by Minister for Finance, Mr Lawrence Wong:

Mr Leong had asked a similar question on 6 July 2021. MOF had furnished the information and it remains valid.

The information on the highest marginal personal income tax rate for tax-resident individuals and corporate income tax rate from 1991 to 2013 is reproduced in Table 1 and Table 2 respectively.