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Since May 2014, a total ban of alcohol with closing of night schools and limitation of nightlife areas took effect. The Liquor Control (Supply and Consumption) Bill was subsequently proposed and assented by the President of Singapore. Liquor licence categorisation is regulated by the new Act as follows: Class 1A: Trading Hours 0600hrs to 2359hrs
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% ...
NETS operates Singapore's national debit scheme enabling customers of DBS Bank, POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank, CIMB and UOB to make payments using their physical/contactless ATM cards or mobile devices at more than 120,000 acceptance points in Singapore including major retailers, food courts, hawker centres, convenience stores and supermarkets.
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.
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Ed Brzytwa, the CTA's vice president of international trade, said a number of the trade group's members are "front-loading 2025 imports into 2024 to get out ahead of the tariffs."
Singapore is home to a lively craft beer scene with hundreds of craft beer brands imported from around the world and well-represented in the island. Since the mid 2010s, craft beers are more available throughout bars, restaurants and hotels as well as retail outlets from supermarket to independent craft beer stores, both offline and online.
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