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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 deadline for new applications to complete online tax returns was in October, though it is still possible to get in touch with HMRC to discuss options to pay an expected tax bill before the 31 ...
14 May – Tray return was announced to be mandatory at hawker centres from 1 June 2021 with enforcement to begin from 1 September 2021. [46] 16 May – CP: Following an uptick of COVID-19 cases, Singapore reverts to stricter restrictions under the name "Phase 2 (Heightened Alert)". These restrictions are enforced until 13 June. [47]
His Majesty's Revenue and Customs (commonly HM Revenue and Customs, or HMRC) [4] [5] is a non-ministerial department of the UK government responsible for the collection of taxes, the payment of some forms of state support, the administration of other regulatory regimes including the national minimum wage and the issuance of national insurance numbers.
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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.
Foreign-sourced dividends, foreign branch profits and foreign-sourced service income remitted into Singapore on or after 1 June 2003 by a Singapore resident company will be tax exempt if: [5] the headline tax rate of the foreign country from which income is received is at least 15 percent in the year the income is received, and
1 August – HometeamNS Country Club in Khatib is progressively opened with a bowling alley, indoor shooting arena, Peranakan theme T-Play kids playground, and Adventure HQ@HometeamNS before its official opening on 10 April 2021. 5 August – 2020 dengue outbreak: the number of dengue fever cases reported reached 22,403, surpassing the previous ...