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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]
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. [ 87 ]
There was a shift towards lower direct taxes and the focus was on indirect taxes. The trend towards indirect taxation resulted in the introduction of the Goods and Services Tax (GST) in 1994. It is a tax on domestic consumption and applies to all goods and services supplied in Singapore except for financial services and residential properties.
This type of exemption applies to goods purchased tax-free for resale, but lapses if the goods are converted to use by the company itself (for example, a company car, office supplies, and cleaning supplies). Some countries charge a value added tax (VAT) or goods and services tax (GST) that extends to retail purchases. When those customers are ...
The Singapore Customs is a law enforcement government agency under the Ministry of Finance of the Government of Singapore.Singapore Customs was reconstituted on 1 April 2003, after the Customs and Excise Department and the Trade Facilitation Division and Statistics Audit Unit of International Enterprise Singapore (IE Singapore) were merged. [1]
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 ...
These designated VAT collectors are required to report and remit the VAT collected on a quarterly basis. The VAT applies to digital goods such as software, multimedia, and electronic data, as well as digital services like web hosting, video conferencing, and other services paid for using Indonesian payment facilities, IP addresses, or phone ...
This is a list of programmes produced and broadcast on Mediacorp Channel 5, a television channel in Singapore.The list includes those telecast when the Channel was operated by TV Singapura, Radio Television Singapore (RTS), Singapore Broadcasting Corporation (SBC), Television Corporation of Singapore (TCS) and current operator Mediacorp TV, including the HD5 from 2007 to 2015.