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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.
Employees' State Insurance Corporation (ESIC), established by ESI Act, is an autonomous organisation under Ministry of Labour and Employment, Government of India.As it is a legal entity, the corporation can raise loans and take measures for discharging such loans with the prior sanction of the central government and it can acquire both movable and immovable property and all incomes from the ...
The Central Provident Fund Board (CPFB), commonly known as the CPF Board or simply the Central Provident Fund (CPF), is a compulsory comprehensive savings and pension plan for working Singaporeans and permanent residents primarily to fund their retirement, healthcare, and housing [3] needs in Singapore.
The Singapore Civil Service is the bureaucracy of civil servants that supports the Government of Singapore. Along with the Singapore Armed Forces (SAF), statutory boards, and other independent government bodies, the civil service makes up the overall public service of Singapore. [1] As of 2022, the civil service has about 87,000 employees. [2]
The Ministry of Manpower (MOM; Malay: Kementerian Tenaga Manusia; Chinese: 新加坡人力部; Tamil: மனிதவள அமைச்சு) is a ministry of the Government of Singapore responsible for the formulation and implementation of policies related to the workforce in Singapore.
The SGEA is an offshoot of the Civil Service Computerization Programme (CSCP), which the Singaporean government launched in the 1980s to turn Singapore's public sector as a world-class exploiter of IT. [1] The initial goal was the improvement of internal operational efficiencies through the automation of traditional work functions in the ...
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
The system was first conceived by the Pro-Enterprise Panel, a joint public-private sector panel chaired by the Head of Civil Service, Singapore. The panel received business feedback to cut red-tape in making it easy to start businesses in Singapore. Small and medium enterprises were the main target of the OBLS project due to their large number.