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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%.
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. [30] 11 July–3 August – 2025 World Aquatics Championships will be held. [35] [36] 3–5 October – Singapore Grand Prix (Formula One) will be held. [37]
This is an accepted version of this page This is the latest accepted revision, reviewed on 15 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 ...
This page was last edited on 30 January 2025, at 14:56 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
In 2010, like the Federal Estate Tax, the generation-skipping transfer tax was briefly repealed. In that year, the GST tax rate was effectively zero. [9] However, the law that created increased exemptions and the ultimate repeal of the GST tax expired on December 31, 2010. [10] In 2016, the exemption was $5.45 million per person.
Instead, O’Leary believes a person could survive relatively comfortably on just $500,000 in the bank and “do nothing else to make money” — provided that $500,000 is invested correctly.
Singapore’s housing market, running hot just a few years ago, is starting to cool off. Prices for private-sector property jumped by 6.8% in 2023, slower than the 8.6% recorded the year before ...
This is a list of places in Singapore based on the planning areas and their constituent subzones as designated by the Urban Redevelopment Authority (URA). Based on the latest URA Master Plan in 2019, the country is divided into 5 regions , which are further subdivided into 55 planning areas , and finally subdivided into a total of 332 subzones.