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IRAS collected S$47 billion in tax revenue in FY2016/17. [7] Tax arrears remained low at 0.68% of net tax assessed and cost of collection was also kept low at 0.84 cents for every dollar collected. In FY2016/17, IRAS uncovered 10,626 non-compliant cases and recovered about $332 million in taxes and penalties through rigorous audits and ...
Any income arising from sources outside Singapore and received in Singapore on or after 1 January 2004 by an individual (other than partners of a partnership) is exempt from tax. This system has the potential to allow for tax avoidance practiced by individuals who derive income from abroad, gain tax exemptions via their non-resident status ...
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With the vision of 'Limited Land, Unlimited Space', SLA is responsible for maximising Singapore's land resources, by: [4] Optimising land and space utilisation, Safeguarding property ownership, and; Promoting the use of land-space data through geospatial. SLA has two functional roles: developmental and regulatory.
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By 1991, 10% of Singapore was reclaimed land. [3] By that year, industrial land on Singapore's mainland had again grown scarce, and it was decided that seven islets south of Jurong would be merged to form one large island, Jurong Island. By 2008, Singapore was one of the top three oil trading and refining hubs globally. [10]
NRCS offers technical and financial assistance to farmers and ranchers. The financial assistance is authorized by the "Farm Bill", a law that is renewed every five years. The 2014 Farm Bill consolidated 23 programs into 15. [11] NRCS offers these services to private land owners, conservation districts, tribes, and other types of organizations.
A Development Guide Plan is then drawn up for each planning area, providing detailed planning guidelines for every plot of land throughout the country. [2] The planning areas were first introduced in the early 1990s after the release of the 1991 Concept Plan. [5]