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Presidential elections were held in Singapore on 1 September 2023, the sixth public presidential elections but only the third to be contested by more than one candidate. Incumbent president Halimah Yacob , who had been elected unopposed in 2017 , did not seek re-election.
Because of the stringent requirements needed to run for presidential elections, only three out of the seven elections had contests (1993, 2011 and 2023), while the rest were walkovers. An amendment to the Constitution in 2016 saw the 2017 election become reserved for a certain community ( Malay community in the case), resulting in that year's ...
A corporate tax is a tax imposed on the net profit of a corporation that is taxed at the entity level in a particular jurisdiction. Net profit for corporate tax is generally the financial statement net profit with modifications, and may be defined in great detail within each country's tax system. Such taxes may include income or other taxes.
6 March – Sengkang Grand Mall which is located outside Buangkok MRT station is officially opened. Buangkok Integrated Transport Hub will be opened in 2024. [20]8 March – CP: A White Paper on Singapore's Response to COVID-19 is released, setting out seven recommendations to boost preparedness for a future pandemic.
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 ...
While Yeo posted bail on July 2022 and was granted permission to leave Singapore to visit Vietnam for a hearing, instead of returning to Singapore, Yeo sought asylum in the United Kingdom, [98] leading Singapore to send a request to the UK in October 2023. Yeo was arrested by the authorities on 4 November 2024.
The 2023 presidential election was the first election with a ballot since the 2011 election. The election was won by Tharman Shanmugaratnam with 1,746,427 (70.40%) of valid votes. Sample counts were announced at about 22:42 and showed that Tharman Shanmugaratnam was leading with 70% of the votes, followed by Ng Kok Song with 16%, and Tan Kin ...
Goods and Services Tax (GST) in Singapore is a value added tax (VAT) of 9% levied on import of goods, as well as most supplies of goods and services. Exemptions are given for the sales and leases of residential properties, importation and local supply of investment precious metals and most financial services. [ 1 ]