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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 ...
In 1985 six values from 10c to $5 were issued in a horizontal format inscribed REVENUE SINGAPORE. These were replaced around 1990 with a set of four values inscribed STAMP DUTY INLAND REVENUE SINGAPORE. [1] The last set of low values as well as the high values were withdrawn by the IRAS in 1999, as from that year e-stamps were used. As an ...
Community portal; Recent changes; ... Stamp duty is a tax that is levied on single ... (IRAS) mandates stamp duty payment within 14 days from signing of the document ...
Individual income tax in Singapore is payable on an annual basis, it is currently based on the progressive tax system (for local residents and tax residents), with taxes ranging from 0% to 22% since Year of Assessment 2017.
General; Tax avoidance. Repatriation tax avoidance; Tax evasion; Tax resistance; Tax shelter; Debtors' prison; Smuggling; Black market; Unreported employment; Corporate
Only in 1952, when the organisation joined with the Stamp Duties Department, was the organisation known as the Inland Revenue Department. In 1995, a Rewrite Advisory Panel was established to consider and advise on issues arising during the rewriting of the income tax legislation, as part of New Zealand tax reform arising from the Working Party ...
In just a few days, President-elect Donald Trump will return to the White House for a second term, and significant changes are expected, including eliminating Social Security taxes. It was an ...
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