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The days observed as general public holidays in Singapore are declared in the schedule to the Holidays Act. [9] According to the Ministry of Manpower, which issues a yearly list of the dates on which public holidays fall, the holidays were "chosen and agreed upon after close consultation with different community and religious leaders in ...
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
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May Day is a day of special significance for organised workers, as it serves to remind others what their collective strength has achieved for workers. By making it a public holiday, the Government of Singapore had intended it to be a day set aside in honour of workers and their contributions to the country. [1]
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The ITA grants any person including Singaporeans in Singapore the right to pay income tax upon the income accruing in or derived from Singapore, or received in Singapore from outside Singapore. The Inland Revenue Authority of Singapore under Ministry of Finance (Singapore) is in charge of tax collection .
The holiday is the start of a new year based on the traditional lunisolar Chinese calendar. The majority of Chinese Singaporeans can trace their ancestry back to southern China, specifically Guangdong and Fujian. [2] Outside of greater China, Singapore is the only country with an ethnic Chinese majority. [3]