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The Singapore Income Tax Department was created in 1947 to administer the Income Tax Ordinance enacted during that year. [1] Actual assessing of tax only began in November 1948. In the first Year of Assessment, about 40,000 individual tax returns and 1,000 corporate returns were received.
Income tax in Singapore; Inland Revenue Authority of Singapore This page was last edited on 27 November 2022, at 08:52 (UTC). Text is available under the Creative ...
Singapore comes under the Presidency of Bengal in India. [6] 12 November: Robert Ibbetson was appointed as the second Governor of the Straits Settlements. [7] 1832: December: Singapore becomes the centre of government of the Straits Settlements. [8] [9] 1833: 7 December: Kenneth Murchison was appointed as the third Governor of the Straits ...
Singapore later co-founded the Association of Southeast Asian Nations (ASEAN) on 8 August 1967 and was admitted into the Non-Aligned Movement in 1970. [ 93 ] The Economic Development Board had been set up in 1961 to formulate and implement national economic strategies, focusing on promoting Singapore's manufacturing sector. [ 94 ]
City Developments Limited was founded on 7 September 1963 as a property company, initially starting with eight employees in Amber Mansions on Orchard Road.The company subsequently listed on the Malayan Stock Exchange (present-day Singapore Exchange) in November of the same year.
By the 1940s and 1950s, Singapore experienced rapid population growth, with the population increasing to 1.7 million from 940,700 between 1947 and 1957. The living conditions of people in Singapore worsened, with many people living in informal settlements or cramped shophouses. [3]
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Since 1 January 2011, all property agencies and agents must hold a valid licence or registration respectively, if they wish to conduct any work relating to the sale and leasing of residential, commercial and industrial properties in Singapore.