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The Central Provident Fund Board (CPFB), commonly known as the CPF Board or simply the Central Provident Fund (CPF), is a compulsory comprehensive savings and pension plan for working Singaporeans and permanent residents primarily to fund their retirement, healthcare, and housing [3] needs in Singapore.
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Singapore became a more expensive place for businesses with the rapid developments. Changes were introduced to government policies, incentives and taxes in order to make the economy more competitive. The late 1980s witnessed a significant shift towards lowering both corporate and individual taxes.
Any income arising from sources outside Singapore and received in Singapore on or after 1 January 2004 by an individual (other than partners of a partnership) is exempt from tax. This system has the potential to allow for tax avoidance practiced by individuals who derive income from abroad, gain tax exemptions via their non-resident status ...
The Ministry of Manpower (MOM; Malay: Kementerian Tenaga Manusia; Chinese: 新加坡人力部; Tamil: மனிதவள அமைச்சு) is a ministry of the Government of Singapore responsible for the formulation and implementation of policies related to the workforce in Singapore.
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A taxpayer wanting to claim the Recovery Rebate Credit will need to file either a 2020 or 2021 tax return, depending on whether they missed the first, second or third stimulus check.
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