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Ministry of Finance (MOF)
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

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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.
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