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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.
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The MOF oversees 3 statutory boards, which are the Accounting and Corporate Regulatory Authority (ACRA), Inland Revenue Authority of Singapore (IRAS) and Tote Board. It also had 3 departments, the Accountant-General's Department (AGD), Singapore Customs [2] and VITAL.
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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 ...
News Tonight (formerly News 5 Tonight, News 5 and before 1994 as just News) is a Singapore English long-running main flagship daily main evening nightly television news bulletin programme on Mediacorp Channel 5 since its inception which runs daily from 9:00pm to 9:30pm Singapore Time on daily/public holidays, providing a round-up of all the day's events around Singapore, as well as coverage of ...
The Government of Singapore consists of several departments, known as ministries and statutory boards in Singapore.Ministries are led by a member of the Cabinet and deal with state matters that require direct political oversight.
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]