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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.
The statutory boards of the Government of Singapore are autonomous organisations that have been tasked to perform an operational function by legal statutes passed as Acts in the Parliament of Singapore. The statutes define the purpose, rights and powers of each authority. These organisations would usually subsequently report to one specific ...
Goods and Services Tax (GST) Refund for Tourists. The Customs of Singapore is assisting on behalf of the Inland Revenue Authority of Singapore (IRAS) to administer the GST endorsement for the Tourist Refund Scheme (TRS) at Changi Airport Terminals 1-4.
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]
In terms of contribution limits, self-directed IRAs are indistinguishable from traditional IRAs. Specifically, for tax year 2024, the contribution limits for self-directed IRAs are as follows ...
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.
All vehicles in Singapore are required to display front and back plates bearing its registration number. Purchasers of vehicles have the option to bid for a vehicle registration number or get a vehicle registration number automatically assigned. [1] Vehicle registration numbers can be retained on new or old vehicles owned by the same person.