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The Singapore Income Tax Department was created in 1947 to administer the Income Tax Ordinance enacted during that year. [1] Actual assessing of tax only began in November 1948. In the first Year of Assessment, about 40,000 individual tax returns and 1,000 corporate returns were received.
Electronic tax filing, or e-filing, is a system for submitting tax documents to a revenue service electronically, often without the need to submit any paper documents. Electronic tax filing may refer to: IRS e-file, a United States system for federal income tax; NETFILE, a Canada Revenue Agency system for consumers
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
The Electronic Filing System (or EFS) is the Singapore Judiciary's electronic platform for filing and service of documents within the litigation process. In addition, it provides the registries of the Supreme Court and the Subordinate Courts with an electronic registry and workflow system; and an electronic case file. Recent enhancements have ...
The Government Technology Agency (GovTech) is a statutory board of the Government of Singapore, under the Prime Minister's Office. It was restructured from Infocomm Development Authority of Singapore (IMDA) in 2016, [ 2 ] [ 3 ] and officially legislated in Parliament on 18 August that year.
SARS eFiling is the South African governments official online tax returns submission portal for the South African Revenue Service (SARS). SARS eFiling provides free services to individual taxpayers, trusts, companies and tax practitioners to submit tax returns, submit declarations and make relevant payments in an online environment.
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 ]
The Government of Singapore consists of several departments, known as ministries and statutory boards in Singapore.Ministries are led by a member of the Cabinet and deal with state matters that require direct political oversight.