News

Summary of Responses – Public Consultation on Draft Goods and Services Tax (Amendment) Bill 2015

Eleven suggestions received on the draft Goods and Services Tax (Amendment) Bill 2015 1. Between 13 July and 31 July 2015, the Ministry of Finance (MOF) conducted a public consultation on the draft Goods and Services Tax (GST) (Amendment) Bill 2015 and related subsidiary legislation. The amendments to the GST Bill are introduced to implement changes […]

Read more

IRAS Annual Report 2014/15: Singapore Achieves 90% On-Time Filing and Payment Rates for All Tax Types

Singapore continues to achieve a high level of voluntary compliance with on-time filing and on-time payment rates of 90% on average across all tax types. Tax arrears also remained low at 0.81% of total net tax assessed. Keeping Our Tax System Simple and Robust  Individuals Singapore’s simple and robust tax system has provided certainty for […]

Read more

Unemployment in Singapore

There have been questions about Singapore’s unemployment numbers recently. Here are the facts about unemployment in Singapore: In line with international standards, a person is considered ‘unemployed’ if he/she is not working but is actively looking and available for work. The unemployment rate refers to the unemployed as a percentage of the economically active population […]

Read more

HAZE SITUATION UPDATE (10 NOVEMBER 2015)

Singapore, 10 November 2015 – The slightly hazy conditions that affected Singapore last night gradually improved by early this morning. Thundery showers this afternoon brought a further improvement to the air quality which has been in the Moderate range throughout the day. For the rest of today, the current conditions are expected to persist. As at 4pm […]

Read more

The Business Times – Q3 unemployment stays at 2%, but total employment grows

The overall unemployment rate in Singapore remained unchanged at 2 per cent in the third quarter of the year, although it crept up for citizens and residents for the second straight quarter amid softer economic conditions. According to preliminary estimates for the third quarter released on Thursday by the Ministry of Manpower (MOM) in its […]

Read more

Clientele