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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 ...
ERP gantry along the Bukit Timah Expressway.. The Electronic Road Pricing (ERP) system is an electronic toll collection scheme adopted in Singapore to manage traffic by way of road pricing, and as a usage-based taxation mechanism to complement the purchase-based Certificate of Entitlement system.
Currently, the ministry commissions and regulates four individual government statutory boards: the Civil Aviation Authority of Singapore (CAAS), the Land Transport Authority (LTA), the Maritime and Port Authority of Singapore (MPA) and the Public Transport Council (PTC), which implement the ministry’s policies and tactical directions.
PSA International Pte Ltd, formerly the Port of Singapore Authority, is a port operator and supply chain company, with flagship operations in Singapore and Antwerp. One of the largest port operators in the world, PSA has terminals across 26 countries, including deepsea, rail and inland facilities.
PSA Singapore also has a 40-year contract to operate the tax-free Gwadar Port on the southwestern coast of Pakistan. Gwadar started operation in March 2008, with 3 multi-purpose berths, a 602-meter quay, and 12.5-meter depth. Another 9 berths are under construction, with a 20-meter depth.
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As wildfires continue to rage through the Los Angeles area, the NFL has already put together an alternate plan for the Vikings-Rams playoff game.
Pacific International Lines (PIL) is a Singaporean shipping company incorporated in Singapore on 16 March 1967. [1] It was founded by Singaporean entrepreneur Chang Yun Chung , who was the world's oldest billionaire [ 2 ] until he died at 102 in September 2020.