Search results
Results From The WOW.Com Content Network
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.
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.
Thus far, seven unionised clusters in Singapore have implemented or are planning to implement a Progressive Wage Model to help workers. The Tripartite Cluster for Cleaners, a working committee formed representatives of the tripartite partners, is pushing for the Progressive Wage Model to help about 10,000 cleaners across various industries.
The Singapore Income Tax Department was created in 1947 to administer the Income Tax Ordinance enacted during that year. [1] Actual assessing of tax only began in November 1948. In the first Year of Assessment, about 40,000 individual tax returns and 1,000 corporate returns were received.
Goods and Services Tax (Singapore) I. Income tax in Singapore; Inland Revenue Authority of Singapore This page was last edited on 27 November 2022, at 08:52 (UTC). ...
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
For premium support please call: 800-290-4726 more ways to reach us
Income Tax (Amendment) Act 2007; Income Tax (Amendment No. 2) Act 2007; Inquiries Act 2007; Land Acquisition (Amendment) Act 2007; Land Titles (Strata) (Amendment) Act 2007; Land Transport Authority of Singapore (Amendment) Act 2007; Legal Profession (Amendment) Act 2007; Monetary Authority of Singapore (Amendment) Act 2007