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GST was implemented at a single rate of 3% on 1 April 1994, with an assurance that it would not be raised for at least five years. To cushion the impact of GST on Singaporean households, an offset package was also introduced. Simultaneously, corporate tax rate was cut by 3% to 27%, and the top marginal personal income tax rate was cut by 3% to 30%.
†Japanese name during Korea under Japanese rule (1910–1945). The Korean name is unchanged. ‡Name change in English due to replacement McCune-Reischauer with the Revised Romanization method in 2000. The Korean name is unchanged.
If the DS-160 whose application ID was included when booking the interview is problematic (for instance, the applicant notices some mistakes, or the applicant fails to submit or loses access to the DS-160) it may be possible (depending on the embassy or consulate, as well as other information specific to the application) to fill in a new DS-160 ...
The Customs Department was founded when Singapore was the British Empire's Straits Settlements and later Crown Colony.Established in 1910 under the name Government Monopolies Department, Customs is one of the oldest tax-collecting organisations in modern Singapore to increase the country's state coffers to help fund national programmes.
Private car licence plate numbers began in the early 1900s when Singapore was one of the four Straits Settlements, with a single prefix S for denoting Singapore, then adding a suffix letter S 'B' to S 'Y' for cars, but skipping a few like S 'A' (reserved for motorcycles), S 'H' (reserved for taxis), S 'D' (reserved for municipal vehicles), and S 'G' for goods vehicles large and small.
By June – The Urban Redevelopment Authority will unveil the Draft Master Plan 2025, which will detail development plans for the next 10 to 15 years. [34] 11 July–3 August – 2025 World Aquatics Championships will be held. [37] [38] 3–5 October – Singapore Grand Prix (Formula One) will be held. [39]
This is an accepted version of this page This is the latest accepted revision, reviewed on 17 February 2025. Economy of Singapore Skyline of Singapore's Downtown Core Currency Singapore dollar (SGD/S$) Fiscal year 1 April – 31 March Trade organisations WTO, APEC, CPTPP, IOR-ARC, RCEP, ASEAN and others Country group Developed/Advanced High-income economy Statistics Population 6,040,000 (2024 ...
On 1 September 1992, the Inland Revenue Authority of Singapore (IRAS) was established by legislation as a statutory board [3] under the Ministry of Finance. With this conversion, IRAS was incorporated by the Inland Revenue Authority of Singapore Act to take over the functions previously performed by the Inland Revenue Department.