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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
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 ...
Income tax in Singapore; Inland Revenue Authority of Singapore This page was last edited on 27 November 2022, at 08:52 (UTC). Text is available under the Creative ...
The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...
By 2013, the number of town councils is 16. The seat for Punggol East SMC was transferred from Pasir Ris-Punggol town council to Aljunied-Hougang town council (renaming it to Aljunied-Hougang-Punggol East) as a result of the 2013 by-election held 26 January 2013, and Sembawang-Nee Soon town council was hived into separate town councils based on ...
The tax rate voted by the local authorities: This rate is voted each year by the municipalities. The amount of property tax is equal to the tax base x the tax rate voted by the municipality. The tax base is equal to 50% of the cadastral rental value of the property (For non-built properties, this tax base is equal to 80%).
In 1951, the Municipal Commission was renamed the City Council when Singapore officially attained city status in the British Commonwealth. [4] The Municipal Building, from which the Commission operated, was also renamed City Hall. [5] The Municipal Building, where the Municipal Commission operated, was renamed City Hall in 1951.
The MSO was set up on 1 October 2014 to improve the Government's overall coordination and delivery of municipal services. [2]The MSO is part of the Government's on-going efforts to improve the delivery of municipal services by various public agencies in Singapore.