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IRAS collected S$47 billion in tax revenue in FY2016/17. [7] Tax arrears remained low at 0.68% of net tax assessed and cost of collection was also kept low at 0.84 cents for every dollar collected. In FY2016/17, IRAS uncovered 10,626 non-compliant cases and recovered about $332 million in taxes and penalties through rigorous audits and ...
The Customs Convention on Containers is a United Nations and International Maritime Organization treaty whereby states agree to allow intermodal containers to be temporarily brought into their states duty-and tax-free. The original Convention was concluded in Geneva on 18 May 1956 and entered into force on 4 August 1959. On 2 December 1972, a ...
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 ...
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 ]
PSA International Pte Ltd, formerly the Port of Singapore Authority, is a port operator and supply chain company, with flagship operations in Singapore and Antwerp. One of the largest port operators in the world, PSA has terminals across 26 countries, including deepsea, rail and inland facilities.
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We finally—finally—made it to the end of the year.And though the music releases have gone from summer’s deluge to a steady trickle, that doesn’t mean there aren’t some great new songs in ...
Income tax in Singapore; Inland Revenue Authority of Singapore This page was last edited on 27 November 2022, at 08:52 (UTC). Text is available under the Creative ...