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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 ...
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.
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.
News 8 At One [1点新闻] (weekdays at 1pm) Hello Singapore – 狮城有约 (weekdays from 6:30pm to 7:30pm) Hello Singapore Highlights (weekdays 7:30am) News Tonight – 晚间新闻 (all days from 10pm to 10:30pm) (also broadcast on Mediacorp Channel U at 11pm on all days) Singapore Today – 狮城6点半 (weekends only from 6:30pm)
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 ...
8world News is a department which produces news, current affairs, and info-ed programmes for two Mediacorp channels aired in Mandarin, Channels 8 and U. Prior to 2010, the news were presented in three timeslots - News 8 At One (Chinese:1點新聞), which airs daily; Singapore Today (Chinese:獅城6點半), and News 8 at 10. (Chinese:10點新聞 ...
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Simultaneously, corporate tax rate was cut by 3% to 27%, and the top marginal personal income tax rate was cut by 3% to 30%. The initial GST rate of 3% was among the lowest in the world, as the focus was not to generate substantial revenue, but to allow people to get adjusted to the tax. [3]