PAYROLL TAX

Parliament of Singapore · 3 December 1982 · 5th Parliament

Official Report, 3 December 1982, Vol 42, Issue 3 · Open in the reader (summaries, search, filters)

Hon Sui SenJ.B. Jeyaretnam
1

Mr J.B. Jeyaretnam asked the Minister for Finance if he will say in relation to the payroll tax (i) how much has been collected since the tax was first imposed; (ii) who is administering the monies; (iii) to what use the monies have been put; and (iv) whether any accounts have been published of the monies collected by way of the tax.

Mr Hon Sui Sen: Payroll tax collections commenced in the Financial Year 1965, and up to the end of Financial Year 1981 have totalled $819.1 million.

Like all revenues not collected for specific purposes, the monies collected by the Comptroller of Income Tax were paid into the Consolidated Fund. The Fund is administered by the Treasury, and is used for all the purposes authorised by the Constitution or by written law.

Accounts of the payroll tax monies collected as of other general revenues are published in the Accountant-General's Annual Financial Statement.

Source: Singapore Parliament Official Report (Hansard) for 3 December 1982. Republished on SGParliament.