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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.
Foreign-sourced dividends, foreign branch profits and foreign-sourced service income remitted into Singapore on or after 1 June 2003 by a Singapore resident company will be tax exempt if: [5] the headline tax rate of the foreign country from which income is received is at least 15 percent in the year the income is received, and
On 1 September 1992, the Inland Revenue Authority of Singapore (IRAS) was established by legislation as a statutory board [3] under the Ministry of Finance. With this conversion, IRAS was incorporated by the Inland Revenue Authority of Singapore Act to take over the functions previously performed by the Inland Revenue Department.
The new tax law rewards retirees and others running side gigs and small businesses with a 20% tax deduction on qualified business income.
The standard deduction is a fixed deduction that varies depending on your filing status, age and dependent status. This year, the standard deduction is $12,950 for those filing single or married ...
Could you get 20% off your 2018 tax bill? Could you get 20% off your 2018 tax bill? Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 ...
General elections were held in Singapore on Friday, 10 July 2020 to elect 93 members [b] to the Parliament of Singapore across 31 constituencies. [c] Parliament was dissolved and the general election called by President Halimah Yacob on 23 June, on the advice of Prime Minister Lee Hsien Loong. [2]
When all is said and done, the QBI deduction could actually end up forcing people who save for retirement in a SIMPLE IRA, SEP IRA or 401(k) to pay more in taxes, not less. New Pass-Through Tax ...