Malaysia vs Singapore: Taxes on goods and services
Taxes on goods and services over time
- Malaysia
- Singapore
How they compare
Malaysia currently reports 22.6% against 21.5% in Singapore, a difference of 1.1%.
That makes Malaysia's figure about 1.1 times Singapore's.
The two have swapped places 6 times across 29 shared years of data; in 1996 it was Malaysia ahead.
Malaysia ranks 121st and Singapore ranks 123rd of 156 countries.
Across the 4 decades both report, Malaysia averaged higher in 1 and Singapore in 3.
Head to head by decade
| Decade | Malaysia | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 25.2% | 16.3% | 8.9% | Malaysia |
| 2000s | 18.8% | 22.0% | 3.2% | Singapore |
| 2010s | 19.4% | 22.8% | 3.3% | Singapore |
| 2020s | 20.2% | 20.7% | 0.5% | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on goods and services, Malaysia or Singapore?
- Malaysia, at 22.6% against 21.5% in Singapore as of 2024.
- What is the difference in taxes on goods and services between Malaysia and Singapore?
- 1.1%, with Malaysia ahead.
- How many years of comparable data are there for Malaysia and Singapore?
- 29 years are reported by both, from 1996 to 2024.
- How do Malaysia and Singapore rank globally for taxes on goods and services?
- Malaysia ranks 121st and Singapore ranks 123rd of 156 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on goods and services (% of revenue). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.