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IRAS collected S$47 billion in tax revenue in FY2016/17. [7] Tax arrears remained low at 0.68% of net tax assessed and cost of collection was also kept low at 0.84 cents for every dollar collected. In FY2016/17, IRAS uncovered 10,626 non-compliant cases and recovered about $332 million in taxes and penalties through rigorous audits and ...
EDB received an additional grant of S$40 million to develop Jurong Industrial Estate from the Singapore government. [13] [14] 1962 was also the year which Singapore begun to actively woo overseas industrialists as such the Japanese, [15] with some indicating interests in joint development projects and sending study missions to Singapore. [16]
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 ...
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In San Francisco, there is an eleven-member Board of Supervisors, [10] but the executive branch of the government is headed by an elected mayor, department heads are responsible to the mayor, and there is both a city police department and a county sheriff, the latter mostly responsible for operating the county jail and for most jail bookings ...
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 ]
A general view of the Army Black Knights and Navy Midshipmen helmets prior to the 122nd Army/Navy college football game between the Army Black Knights and the Navy Midshipmen on December 11, 2021 ...
When It Comes to Weight Loss, These 2 Nutrients Can Help ‘Significantly,’ Finds a New Study