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Taxes administered by IRAS. As the Singapore Government's principal revenue collection body, IRAS collects Income Tax, Goods and Services Tax (GST), Property Tax, Estate Duty, Betting and Sweepstakes Duties, Stamp Duties and Casino 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.
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 .
IRAS warns recipients against providing their personal details in response to a scam email about income tax returns.
Purchases of Singapore property or shares traded on the Singapore Exchange, are subject to stamp duty. The Inland Revenue Authority of Singapore (IRAS) mandates stamp duty payment within 14 days from signing of the document if done in Singapore and 30 days if the document is signed overseas.
The Inland Revenue Authority of Singapore (IRAS) cautioned the public against WhatsApp calls impersonating the authority, its third such advisory in less than a week. What should you do?...
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]
www .tech .gov .sg. The Government Technology Agency ( GovTech) is a statutory board of the Government of Singapore, under the Prime Minister's Office. It was restructured from Infocomm Development Authority of Singapore (IMDA) in 2016, [2] [3] and officially legislated in Parliament on 18 August that year. [4]
Ministry of Law (MinLaw) Ministry of Manpower (MOM) Ministry of National Development (MND) Ministry of Social and Family Development (MSF) Ministry of Sustainability and the Environment (MSE) Ministry of Trade and Industry (MTI) Ministry of Transport (MOT) Prime Minister's Office (PMO) Organs of State.
Individual retirement account. An individual retirement account [1] ( IRA) in the United States is a form of pension [2] provided by many financial institutions that provides tax advantages for retirement savings. It is a trust that holds investment assets purchased with a taxpayer's earned income for the taxpayer's eventual benefit in old age.