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GST was implemented at a single rate of 3% on 1 April 1994, with an assurance that it would not be raised for at least five years. To cushion the impact of GST on Singaporean households, an offset package was also introduced. Simultaneously, corporate tax rate was cut by 3% to 27%, and the top marginal personal income tax rate was cut by 3% to 30%.
†Japanese name during Korea under Japanese rule (1910–1945). The Korean name is unchanged. ‡Name change in English due to replacement McCune-Reischauer with the Revised Romanization method in 2000. The Korean name is unchanged.
By June – The Urban Redevelopment Authority will unveil the Draft Master Plan 2025, which will detail development plans for the next 10 to 15 years. [30] 11 July–3 August – 2025 World Aquatics Championships will be held. [35] [36] 3–5 October – Singapore Grand Prix (Formula One) will be held. [37]
The Customs Department was founded when Singapore was the British Empire's Straits Settlements and later Crown Colony.Established in 1910 under the name Government Monopolies Department, Customs is one of the oldest tax-collecting organisations in modern Singapore to increase the country's state coffers to help fund national programmes.
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The Union of Myanmar changes its name to the Republic of the Union of Myanmar. [36] 2011: 11 January: Tajikistan cedes 1,322 km 2 (510 sq mi) of land to China after the final ratification of boundary treaties between the two countries. [37] 2 February: The Republic of the Fiji Islands changes its name back to the Republic of Fiji. [38] 15 March
The city changed its name to "Eastpointe" after a vote in 1992; the name change had been proposed to reduce its association with the adjacent city of Detroit (a move that offended many Detroit residents), and the "-pointe" is intended to associate the city with the exclusive communities of the Grosse Pointes.