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GST was implemented at a single rate of 3% on 1 April 1994, with an assurance that it would not be raised for at least five years. To cushion the impact of GST on Singaporean households, an offset package was also introduced. Simultaneously, corporate tax rate was cut by 3% to 27%, and the top marginal personal income tax rate was cut by 3% to 30%.
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.
Using the 6-digit postal code to look up the Central Public Lirbary in the OneMap application. Due to Singapore being a small city-state and most buildings having singular, dedicated delivery point, the postal code can be used as a succinct and precise identifier of buildings in Singapore, akin to a geocode.
The Singapore Customs is a government agency under the Ministry of Finance of the Government of Singapore. Singapore Customs was reconstituted on 1 April 2003, after the Customs and Excise Department and the Trade Facilitation Division and Statistics Audit Unit of International Enterprise Singapore (IE Singapore) were merged. [ 1 ]
Singapore Post Limited (SGX: S08), commonly abbreviated as SingPost, is an associate company of Singtel [1] and Singapore's designated Public Postal Licensee which ...
For example, someone with an income of over $100,000 could earmark 0.0005 of his or income as payment for "use tax", without having to account for any actual out-of-state purchases under $1,000 each. To step up the opportunity for collection of use taxes, several US states have been working to implement a "streamlined" interstate use tax ...
12 digit number (E.g. 123 456 789 002), of which the first digit identifies type of taxpayer (0 for corporations, 1-9 for individuals and other businesses), second to eighth digits are sequential numbers between 0 and 9, ninth digit is a check number, last three digits are 000 for individuals and head office of businesses and 001-999 for ...
In December 2016, Moglix launched Green GST, a SaaS-based platform for manufacturing sector GST processes, [8] and became part of the SAP Startup Studio, an accelerator program by SAP Labs India. [9] In 2017, Moglix secured Series B funding from the International Finance Corporation and expanded operations to new cities, including Delhi and ...