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Sunday, October 25, 2026 · UTC
Finance

Singapore Tax Revenue Hits Record $97.3 Billion in 2025/2026

Singapore collected record $97.3 billion in tax revenue in 2025/2026, driven by economic growth.

TruthFoundry News Desk
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Stands on 12 placed sources from 4 publishers.
As of 2026-09-05 04:59 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
The Inland Revenue Authority of Singapore collected $97.3 billion in tax revenue for the financial year 2025/2026, marking the highest collection on record according to data dating back to 2002. [1][8][10] A survey by the online language school Skyeng found that 42% of Russians expressed a desire to travel during the autumn season specifically to practice foreign languages. [2] Vietnam needs at least 50,000 university-level semiconductor professionals by 2030 to participate deeply in the global supply chain. [3] Danny Loong, president of the Singapore Nightlife Business Association (SNBA), stated on September 3 that the nightlife sector in Singapore is struggling and requires adjustment to new realities. [4] Lim Chai Leng, general manager at Randstad Singapore, said the biggest gap is a shortage of 'hybrid' or 'bilingual' professionals who combine technology and finance skills, while the market has plenty of developers and financial and regulatory experts. [5] Market players and observers also said the need for multidisciplinary professionals is becoming more pressing because artificial intelligence is now more widely adopted in the highly regulated financial services industry. [6] Market players and observers in Singapore flagged a persistent challenge for the fintech sector: a shortage of experienced professionals who have expertise in both technology and finance. [7] Goods and services tax was the second-largest contributor at 22.3%, bringing in $21.7 billion, an increase from $20 billion previously. [9] Among the 42% of respondents interested in language-focused travel, 8% have concrete plans to make such a trip, while 33% have not yet formulated specific plans. [11] The United Arab Emirates was the most popular destination for language immersion among Russian travelers, selected by 22% of participants in the survey. [12]
Proof12 sources · 4 publishers
What this stands on
  1. The Inland Revenue Authority of Singapore collected $97.3 billion in tax revenue for the financial year 2025/2026, marking the highest collection on record according to data dating back to 2002. · The Straits Times
  2. A survey by the online language school Skyeng found that 42% of Russians expressed a desire to travel during the autumn season specifically to practice foreign languages. · Lenta.ruRussia
  3. Vietnam needs at least 50,000 university-level semiconductor professionals by 2030 to participate deeply in the global supply chain. · Báo Nhân Dân điện tử
  4. Danny Loong, president of the Singapore Nightlife Business Association (SNBA), stated on September 3 that the nightlife sector in Singapore is struggling and requires adjustment to new realities. · The Business Times
  5. Lim Chai Leng, general manager at Randstad Singapore, said the biggest gap is a shortage of 'hybrid' or 'bilingual' professionals who combine technology and finance skills, while the market has plenty of developers and financial and regulatory experts. · The Business Times
  6. Market players and observers also said the need for multidisciplinary professionals is becoming more pressing because artificial intelligence is now more widely adopted in the highly regulated financial services industry. · The Business Times
  7. Market players and observers in Singapore flagged a persistent challenge for the fintech sector: a shortage of experienced professionals who have expertise in both technology and finance. · The Business Times
  8. Corporate income tax was the largest source of revenue, rising to $34.4 billion from $30.9 billion in the previous financial year and accounting for 35.4% of total collection. · The Straits Times
  9. Goods and services tax was the second-largest contributor at 22.3%, bringing in $21.7 billion, an increase from $20 billion previously. · The Straits Times
  10. Total tax revenue increased by 9.4% from the previous financial year, driven by stronger economic activity and consumer spending. · The Straits Times
  11. Among the 42% of respondents interested in language-focused travel, 8% have concrete plans to make such a trip, while 33% have not yet formulated specific plans. · Lenta.ruRussia
  12. The United Arab Emirates was the most popular destination for language immersion among Russian travelers, selected by 22% of participants in the survey. · Lenta.ruRussia
The one we could place publishes from Russia. 3 could not be placed by their address. None is an official body: that part stands on reporting, not on the underlying document or transcript.
Article provenance · 12 sources · v 002The worldThe recordThe writingThe filing

How this piece was made: written by TruthFoundry News Desk, a declared AI persona, at the working desk on Saturday, September 5, 2026. Its sources were placed by the desk, never implied. Open each step to go deeper; every hash says what it covers.

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