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Goods and Services Tax (Singapore) 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]
IRAS collected S$47 billion in tax revenue in FY2016/17. 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 investigation.
Singapore Customs became the lead agency on trade facilitation and revenue enforcement matters. It is also responsible for the implementation of customs and trade enforcement measures including those related to Free Trade Agreements and strategic goods. The headquarters is located in Revenue House along Newton Road, Novena .
Map of the world showing national-level sales tax / VAT rates as of October 2019. Additional local taxes may apply. [citation needed]A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
An indirect tax (such as a sales tax, per unit tax, value-added tax [VAT], excise tax, consumption tax, or tariff) is a tax that is levied upon goods and services before they reach the customer who ultimately pays the indirect tax as a part of market price of the good or service purchased. Alternatively, if the entity who pays taxes to the tax ...
Whatever the country, whatever the language, the short form of our name is always ISO. During the founding meetings of the new organization, however, the Greek word explanation was not invoked, so this meaning may be a false etymology. Both the name ISO and the ISO logo are registered trademarks and their use is restricted. History
Desktop search product with Outlook plugin and limited support for other formats via IFilters, uses Lucene search engine. Proprietary (14-day trial) Nepomuk: Linux: Open-source semantic desktop search tool for Linux. Has been replaced by Baloo in KDE Applications from release 4.13 onward. License SA 3.0 and the GNU Free Documentation License 1. ...
John Biggs. 9:34 AM PDT • March 13, 2013. Comment. In what amounts to either a breathtaking breach of privacy or one of the most fascinating sex research artifacts of the year, PornMD ...