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Starting July 1, 2008, the standard mileage rate for business miles is being increased to 58.5 cents per mile. The rate is currently at 50.5 cents per mile. Over the years, the IRS has somewhat ...
The business mileage reimbursement rate is an optional standard mileage rate used in the United States for purposes of computing the allowable business deduction, for Federal income tax purposes under the Internal Revenue Code, at 26 U.S.C. § 162, for the business use of a vehicle. Under the law, the taxpayer for each year is generally ...
6 – 17 September – Team Singapore took part in the 2008 Summer Paralympics in Beijing. 9 September – Equestrian rider Laurentia Tan wins Singapore's first-ever Paralympic medal, a bronze. [65] She wins another bronze medal on 11 September. [66] 13 September – Swimmer Yip Pin Xiu wins Singapore's first Paralympic silver medal. [67]
The Certificate of Entitlement (COE) are classes of categories as part of a quota license for owning a vehicle in Singapore. [1] The licence is obtained from a successful winning bid in an open bid uniform price auction which grants the legal right of the holder to register, own and use a vehicle in Singapore for an initial period of 10 years.
In January 2008, Milan introduced a traffic charge scheme as a one-year trial, called Ecopass, and exempts high emission standard vehicles and some alternate fuel vehicles. [ 39 ] [ 40 ] [ 41 ] This tax was substituted in 2012 by the Area C system, which places a charge on nearly all vehicles entering the city centre during weekdays.
Roads were also constructed across the rest of the island, although they were usually unsurfaced. Most of the roads were accessible to the kampong roads by 1845, and finally to the HDB developed roads since the 1960s. Currently, there are a lot of roads and expressways in Singapore. The first motor car was introduced in Singapore in 1896.
On 1 September 1992, the Inland Revenue Authority of Singapore (IRAS) was established by legislation as a statutory board [3] under the Ministry of Finance. With this conversion, IRAS was incorporated by the Inland Revenue Authority of Singapore Act to take over the functions previously performed by the Inland Revenue Department.
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