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Following self-government in 1959, the Inland Revenue Department was formed in 1960 when various revenues administered and collected by a number of separate agencies were brought together. When Singapore attained independence on 9 August 1965, substantial changes were made to the Income Tax Act, which came into effect on 1 January 1966.
Trade Development Board, formed in 1983 and renamed to International Enterprise Singapore (IE Singapore) in 2002 to support internationalisation, reorganised into Enterprise Singapore (ESG) on 1 April 2018; Competition Commission of Singapore (CCS), formed on 1 January 2005 to enforce competition law.
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.
In September 2022, the Bureau released the updated Primary Education Curriculum Guide, which suggested between 19 and 25% of the student's lesson time should be devoted to national education and national security education. [14] In October 2022, the Education Bureau revealed the "Citizenship, Economics and Society" curriculum, designed for ...
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It was founded as Revenue Management Club by Steve Marchant and Tim Rosen in 2003, becoming incorporated as the Revenue Management Society in 2007. [ 31 ] [ 37 ] In 2013, Marchant resigned, and Tim Rosen, with the support of the committee, restructured the organisation (still retaining the company name [ 37 ] ) and started operating under the ...
(Reuters) -Singapore's Grab Holdings raised its forecast for fiscal 2024 revenue on Monday, as the Southeast Asian tech firm anticipates robust growth in its food delivery and ride-hailing ...
In view of uncertainty due to the COVID-19 pandemic, the GST increase [14] will be deferred to after year 2022, with a S$6 billion Assurance Package proposed in 2020 to cushion the impact when the hike kicks in. The GST increase is later deferred again, with the increase taking place in two stages, 8% on 1 January 2023 and 9% on 1 January 2024.