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Following self-government in 1959, the Inland Revenue Department was formed in 1960 when various revenues administered and collected by a number of separate agencies were brought together. When Singapore attained independence on 9 August 1965, substantial changes were made to the Income Tax Act, which came into effect on 1 January 1966.
Individual income tax. Individual income tax in Singapore is payable on an annual basis, it is currently based on the progressive tax system (for local residents and tax residents), with taxes ranging from 0% to 22% since Year of Assessment 2017. The Year of Assessment (YA) is based on the calendar year commencing 1 January to 31 December, and ...
Goods and Services Tax ( GST) in Singapore is a value added tax (VAT) of 9% levied on import of goods, as well as most supplies of goods and services. Exemptions are given for the sales and leases of residential properties, importation and local supply of investment precious metals and most financial services. [1]
3 and 5–6 April – Bruno Mars ' Bruno Mars Live in Singapore tour is held at the National Stadium. [18] [19] 15 April – Lee Hsien Loong announces his resignation as the 3rd Prime Minister of Singapore effective on 15 May 2024, paving the way for the assumption of Deputy Prime Minister and Finance Minister Lawrence Wong as the 4th Prime ...
Blk 147 Simei Street 2. Singapore 52 0 147. Blk 147 Tampines Avenue 5. Singapore 52 1 147. Similarly, for a HDB residential block sharing the same number as another block in the same postal sector, but have an added suffix behind are differentiated by their postal codes as follows: Blk 150 Bishan Street 11.
An Act to impose a tax upon incomes and to regulate the collection thereof. Status: In force. The Income Tax Act 1947 (ITA) is an Act of the Singaporean Parliament to impose a tax upon incomes and to regulate the collection thereof. It was commenced together with the formation of the Inland Revenue Authority of Singapore .
Website. www .acra .gov .sg. The Accounting and Corporate Regulatory Authority ( ACRA) is a statutory board under the Ministry of Finance of the Government of Singapore. ACRA is the regulator of business registration, financial reporting, public accountants and corporate service providers. ACRA is also responsible for developing the accountancy ...
The Inland Revenue Authority of Singapore (IRAS) is a statutory board founded in 1992 and under the Ministry of Finance for the collection of taxation revenue. Under section 65F of the Income Tax Act, and section 83E of the Good and Services Tax Act, an officer of IRAS may
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I. Income tax in Singapore. Inland Revenue Authority of Singapore. Categories: Economy of Singapore. Singapore government policies. Singaporean law by issue. Taxation by country. Public finance of Singapore.