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The Singapore government has argued that reducing the rate of GST would benefit the wealthy more than the poor, as the bulk of GST is collected from foreigners and higher-income earners. In 2010, 84.2% of all GST paid was collected from foreigners and the top 40% of Singaporean households, while the bottom 20% of households contributed only 4% ...
Ministry of Development (MR) – Central Registration and Information on Business (CEIDG) [69] – company register for natural persons trading as sole traders or their civil law partnerships (searchable); such companies are prohibited from performing certain activities (e.g. operating a life insurance company), and proper agricultural activity ...
Following self-government in 1959, the Inland Revenue Department was formed in 1960 when various revenues administered and collected by a number of separate agencies were brought together. When Singapore attained independence on 9 August 1965, substantial changes were made to the Income Tax Act, which came into effect on 1 January 1966.
The Accounting and Corporate Regulatory Authority (ACRA) is a statutory board under the Ministry of Finance of the Government of Singapore. ACRA is the regulator of business registration, financial reporting, public accountants and corporate service providers.
Students from 18 educational institutions in Singapore will receive blockchain-based digital certificates starting in 2019, local tech news agency Tech in Asia reports on May 3. The initiative is ...
ICA was formed on 1 April 2003 after the restructuring of the preceding agencies responsible for customs and immigration control, the Singapore Immigration and Registration (SIR) and the Customs and Excise Department (CED). It is accountable directly to the MHA, which is under the purview of the Government of Singapore and its relevant ...
It was part of the programs for businesses under the e−Government Action Plan (eGAP I) (2000–2003) in Singapore. [1] As a one−stop center for suppliers to have access to all procurement opportunities in the public sector and to trade electronically with the government, GeBIZ would create an entry point for businesses to access G2B ...
The Singapore Customs is a law enforcement government agency under the Ministry of Finance of the Government of Singapore. Singapore Customs was reconstituted on 1 April 2003, after the Customs and Excise Department and the Trade Facilitation Division and Statistics Audit Unit of International Enterprise Singapore (IE Singapore) were merged. [ 1 ]