Singapore's Share of GST out of Total Tax Revenue Since 1994 Compared to Share of Consumption Taxes in Total Tax Revenue in OECD Countries

Prof Hoon Hian Teck asked the Minister for Finance (a) from its introduction in 1994 to the most recent year, what has been Singapore's share of the Goods and Services Tax (GST) out of total tax revenue; and (b) how does this compare to the share of consumption taxes in total tax revenue in OECD countries.

In Singapore, the share of Goods and Services Tax (GST) out of total tax revenue1 was 8.0% in Financial Year (FY) 1994 and an estimated 16.2% in FY20212.

In OECD countries3, the average share of Value-Added Tax (VAT) or sales tax out of their total tax revenue4 is about 21.5% in FY2019. This does not include general consumption or sales taxes imposed at local government levels.