Skip to main content

Government officials will never ask you to transfer money or disclose bank log-in details over a phone call.

Call the 24/7 ScamShield Helpline at 1799 if you are unsure if something is a scam.

Ministry of Finance (MOF)
  1. Home
  2. News & Resources
  3. Newsroom
  4. Changes in Highest Personal Income Tax Rate and Corporate Income Tax Rate since 1991 and Changes in Other Taxes
Parliamentary Replies

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

Topics

Tax-Related (Corporate Tax)

Tax-Related (GST)

Tax-Related (Income Tax)

Tax-Related (Others)

6 July 2021

This article has been migrated from an earlier version of the site and may display formatting inconsistencies.

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:

Table: "Personal Income Tax," years 1991-current, and highest marginal tax rates.
Three tables showing tax rates for Corporate Income, Goods and Services, and Water Conservation.
Back to top