Connect with us


Watch: What Are The Different Taxes In Singapore?

Ever wondered how much taxes are collected in Singapore, and how they are spent?


When it comes to personal finance, we are always reminded that while our needs and wants are infinite, but our budget is not. The same can be said when it comes to budgeting on a national level. Like it or not, a country can only spend what it has.

The government needs to decide on what it should spend its revenue on. As a country, we can choose to 1) spend more on people on its people today, 2) invest in its future generation by allocating more funds to education and training or 3) seek continuous improvements by investing in our country’s infrastructure.

So, while we all love and appreciate roads, schools, government subsidies, these and other government expenditure are paid for with taxes.

Here is an overview of the various types of taxes that are collected in Singapore and how they are used to keep Singapore going for years to come.

Read Also: Guide To Understanding Taxes In Singapore, And Who Pays For Them is a website that aims to provide interesting, bite-sized financial articles which are relevant to the average Singaporean. Love what you just watched? Subscribe to the DollarsAndSense YouTube channel for more great finance videos!

DollarsAndSense’s Inaugural Event On 11 May 2019 (Tickets Now On Sale)

There are many ways to invest. Buy and hold the right growth stocks; invest in stable companies with strong cashflow and earn dividend income; or you can actively trade and make money off volatility in the financial markets. With so many options available, how do new investors get started on their investment journey?

This is the theme of DollarsAndSense’s very first event, In the Footsteps of Masters: Going Beyond #myfirsttrade, organised together with our friends at InvestingNote. This event brings together some of Singapore’s most prominent investors and traders, as they share actionable insights and advice.

Enjoy early bird prices ($18 per ticket, or $28 for two tickets) until 21 April 2019. Seats are limited, so act fast to avoid disappointment.

Head over to register today! We look forward to seeing you there!