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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 ...
Intuit Consumer Tax Group headquarters in San Diego (where TurboTax is developed) TurboTax is a software package for preparation of American and Canadian income tax returns , produced by Intuit . TurboTax is a market leader in its product segment, competing with H&R Block Tax Software and TaxAct . [ 1 ]
Goods and Services Tax (GST) in Singapore is a value added tax (VAT) of 9% levied on import of goods, as well as most supplies of goods and services. Exemptions are given for the sales and leases of residential properties, importation and local supply of investment precious metals and most financial services. [ 1 ]
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For 2021 tax returns, the recovery rebate credit amount was $1,400 ($2,800 for married taxpayers filing jointly), plus an additional $1,400 for each qualifying dependent.
These incentives mainly take the form of purchase rebates, tax exemptions and tax credits, and additional perks that range from access to bus lanes to waivers on fees (charging, parking, tolls, etc.). [1] The amount of the financial incentives may depend on vehicle battery size or all-electric range. Often hybrid electric vehicles are included.