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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
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.
On 9 December 2024, ACRA launched a revamped version of its Bizfile portal. The portal provides the public with access to various registry filing and business information services. According to ACRA, the key features of the revamped portal included "user-centric design and intuitive navigation features", "enhanced data integrity and governance ...
Singapore’s tech and AI push While Singapore hasn't announced blockbuster chip subsidies like the U.S., Europe, or India, the country can count on something else: Decades of experience in the ...
6 March – Sengkang Grand Mall which is located outside Buangkok MRT station is officially opened. Buangkok Integrated Transport Hub will be opened in 2024. [20]8 March – CP: A White Paper on Singapore's Response to COVID-19 is released, setting out seven recommendations to boost preparedness for a future pandemic.
This is an accepted version of this page This is the latest accepted revision, reviewed on 12 February 2025. There are 2 pending revisions awaiting review. Economy of Singapore Skyline of Singapore's Downtown Core Currency Singapore dollar (SGD/S$) Fiscal year 1 April – 31 March Trade organisations WTO, APEC, CPTPP, IOR-ARC, RCEP, ASEAN and others Country group Developed/Advanced High-income ...
Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue. UN-WIDER: Total taxes consists of taxes, social contributions, grants receivable, and other revenue. Data are in current national currency.
2 April – Joseph Schooling, who won Singapore's first ever Olympic gold medal, retires from swimming at 28. [25]15 April – Lee Hsien Loong announces his resignation as the Prime Minister of Singapore effective on 15 May 2024, paving the way for the assumption of Deputy Prime Minister and Finance Minister Lawrence Wong as the next Prime Minister of Singapore.