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The bill was passed in Parliament the same day, at around 11:15 pm; 75 Members of Parliament (all 70 from the People's Action Party and 5 Nominated Members of Parliament) voted in favour of the legislation, whereas 11 from the Workers' Party and the Progress Singapore Party objected with 2 abstentions (all NMPs).
The Statutes of the Republic of Singapore, a series that consists of all Acts of the Singapore Parliament and English statutes that are currently in force in Singapore. There are three general sources of Singapore law: legislation, judicial precedents , and custom. [1] Legislation is divided into statutes and subsidiary legislation.
Constitution of the Republic of Singapore (Amendment) Act 2010; Coroners Act 2010; Criminal Procedure Code 2010; Economic Expansion Incentives (Relief from Income Tax) (Amendment) Act 2010; Electronic Transactions Act 2010; Estate Agents Act 2010; Goods and Services Tax (Amendment) Act 2010; Government Securities (Amendment) Act 2010
A bill is a draft law. In Singapore, most bills are government bills; they are introduced in Parliament by ministers on behalf of the Cabinet. However, any MP can introduce a bill. A bill introduced by an MP who is not a minister is known as a private member's bill. Because the Government currently holds a majority of the seats in Parliament, a ...
IRAS collected S$47 billion in tax revenue in FY2016/17. [7] Tax arrears remained low at 0.68% of net tax assessed and cost of collection was also kept low at 0.84 cents for every dollar collected. In FY2016/17, IRAS uncovered 10,626 non-compliant cases and recovered about $332 million in taxes and penalties through rigorous audits and ...
The Inland Revenue Authority of Singapore under Ministry of Finance (Singapore) is in charge of tax collection. The latest amendment bill is still being made as of March 2016. [1] Under Section 95 of the ITA, convicted taxpayers are subjected to a penalty of up to 200% of the amount of tax undercharged in cases of incorrect tax returns.
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 ...
Bill 198 amends Part CXXIII.1 of the Ontario Securities Act. As budgetary legislation, it touched on many different aspects of government operation. Provisions included measures about corporate disclosure, auto insurance and tax. Thus, only a small portion of Bill 198 was relevant to "Sarbanes–Oxley" issues.