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Goods and Services Tax (GST) in Singapore is a value added tax (VAT) of 9% levied on import of goods, as well as most supplies of goods and services. Exemptions are given for the sales and leases of residential properties, importation and local supply of investment precious metals and most financial services. [1]
As of January 1, 2013, new properties are taxed at a reduced rate of 10%. Second-hand properties are not subject to VAT, but a transfer tax, known as Impuestos Sobre Transmisiones Patrimoniales or ITP. The tax is levied by the autonomous regional governments and therefore varies by region. The rate varies from 6% to 8%. [89]
Applicants may alternatively obtain a visa at the nearest Singaporean diplomatic mission or from one of its authorized visa agents outside Singapore – however, a "Letter of Introduction for Visa Application" to support the visa application is required, which can be issued by a local Singaporean contact or a Singaporean diplomatic mission. e ...
There are two different ways a person can obtain H-1B1 status necessary to start a job on H-1B1: [4] The worker can apply for a H-1B1 visa at the home country consulate (nationals of Singapore can apply for a H-1B1 visa only at the U.S. Embassy in Singapore, and nationals of Chile can apply for a H-1B1 visa only at the U.S. Embassy in Chile).
Malaysia and Singapore leaders signed an agreement on Tuesday to create a special economic zone to attract global investment and ease the cross-border flow of goods and people.
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 ...
After importing, Company A sells the goods to another trader (Company B), charging the price of the goods plus VAT, but does not pay the VAT collected to the government; Company A becomes a "missing trader". The buyer, Company B, who has paid the VAT to Company A, can then reclaim the VAT paid from the tax authorities on its VAT return.
See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.