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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 ...
Starting from 23 March 2020, no foreign visitors were allowed transit or entry into Singapore. [34] From 27 March 2020, Stay-Home Notices were issued by email. [35] On 28 March 2020, entry requirements were extended to all Long Term Pass holders. They would have to obtain an Approval Letter of Entry before travelling to Singapore. [36]
A 63-days short term multiple entry Singapore e-visa in 2022. Singapore no longer endorses any sticker visas or passport stamps in any travel documents. hold a passport or a travel document valid for more than 6 months at the time of departure, [5] hold an onward or return ticket; [5] have sufficient funds for the duration of stay in Singapore; [5]
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.
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Foreign-sourced dividends, foreign branch profits and foreign-sourced service income remitted into Singapore on or after 1 June 2003 by a Singapore resident company will be tax exempt if: [5] the headline tax rate of the foreign country from which income is received is at least 15 percent in the year the income is received, and
Starting in 2010, Singapore has set an approximately 30,000 annual cap on the number of individuals being granted PRs. There is a relatively stable population of just over 500,000 PRs in Singapore. Individuals eligible to apply for Singapore PR include: [3] spouses and unmarried children (below 21 years old) of Singapore citizens or permanent ...
Australia offers a Transit visa, Subclass 771 that crew member and their dependents transit through the country for 72 hours. [2] The crew members are also required to produce a police certificate from each country they have lived in for 12 months or more during the last 10 years after turning to 16 years of age. [3] Brazil: Visa not required [4]