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  2. Income tax in Singapore - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_Singapore

    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

  3. Income Tax Act 1947 - Wikipedia

    en.wikipedia.org/wiki/Income_Tax_Act_1947

    The Inland Revenue Authority of Singapore under Ministry of Finance (Singapore) is in charge of tax collection. The latest amendment bill is still being made as of March 2016. [1] Under Section 95 of the ITA, convicted taxpayers are subjected to a penalty of up to 200% of the amount of tax undercharged in cases of incorrect tax returns.

  4. Inland Revenue Authority of Singapore - Wikipedia

    en.wikipedia.org/wiki/Inland_Revenue_Authority...

    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.

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  6. Income tax - Wikipedia

    en.wikipedia.org/wiki/Income_tax

    Payroll and income tax by OECD Country in 2021. Income taxes are used in most countries around the world. The tax systems vary greatly and can consist of a flat fixed rate, progressive, or regressive, structures depending on the type of tax. Comparison of tax rates around the world is a difficult and somewhat subjective enterprise.

  7. Singapore - Wikipedia

    en.wikipedia.org/wiki/Singapore

    Singapore has been identified as a tax haven [274] for the wealthy due to its low tax rates on personal income and tax exemptions on foreign-based income and capital gains. Individuals such as Australian millionaire retailer Brett Blundy and multi-billionaire Facebook co-founder Eduardo Saverin are two examples of wealthy individuals who have ...

  8. Projected COLA for 2025: September update — how it's ...

    www.aol.com/finance/social-security-cost-of...

    The Social Security 2024 COLA increase was a lower 3.2%. Source: Social Security Administration The projected 2025 COLA for Social Security is 2.5%, according to an emailed September 11 TSCL press ...

  9. Economy of Singapore - Wikipedia

    en.wikipedia.org/wiki/Economy_of_Singapore

    This is an accepted version of this page This is the latest accepted revision, reviewed on 22 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 ...

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