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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 ]
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. [ 87 ]
This is a list of websites that are blocked in Singapore. These websites are mainly unlicensed gambling, pimping (known as vice related activities), copyright infringement/piracy, and for spreading falsehoods. Some websites may be blocked because they are suspected scam websites. [1]
There was a shift towards lower direct taxes and the focus was on indirect taxes. The trend towards indirect taxation resulted in the introduction of the Goods and Services Tax (GST) in 1994. It is a tax on domestic consumption and applies to all goods and services supplied in Singapore except for financial services and residential properties.
Items are prohibited for sale on Carousell if they are illegal or violate the marketplace's community guidelines. [28] In an effort to curb COVID-19, Carousell issued in-app advisories to protect users from face-to-face transactions. [29] Carousell Media Group appointed a new head of ad operations in 2021. [30]
Carousel fraud, explained by the Dutch State. Missing trader fraud (also called missing trader intra-community fraud or MTIC fraud) involves the non-payment of Value Added Tax (VAT) to a government by fraudsters who exploit VAT rules, most commonly the European Union VAT rules which provide that the movement of goods between member states is VAT-free.
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]
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