Property tax raised twice in a year

Property tax raised twice in a year
 
IN SEPTEMBER last year, the Inland Revenue Authority of Singapore (Iras) revised the annual value of our property and barely half a year later, it has once again revalued it upwards.
 
Is it fair for the Government to increase property tax twice within a year, especially when many people [...]

Won’t pay TV licence? Expect a court summons

Won’t pay TV licence? Expect a court summons
 
By Chua Hian Hou
 
THE annual crackdown on people who have not paid their $110 TV licence is under way.
 
Several thousand home owners who have not paid up so far will get a court summons, and if they ignore this, they risk arrest and fines of up [...]

What to double-check when filing taxes

What to double-check when filing taxes
 
The deadline for individual income tax returns is just around the corner. Lorna Tan looks at common mistakes taxpayers make
 
THIS is the time of the year when taxpayers file their income tax returns - a mundane exercise for most. But for taxpayers who fail to report accurately, the penalty could [...]

S’pore is not a tax haven: George Yeo

S’pore is not a tax haven: George Yeo
 
It is a low-tax nation with no parallels to Liechtenstein
 
(SINGAPORE) Singapore said yesterday it is not a tax haven but a low-tax country and that there are no parallels between it and Liechtenstein, where rich Europeans have been dodging tax through secret bank accounts.
 
Singapore has strict [...]

Ruling on rental income cheers serviced apartment operators

But IRAS files appeal with High Court against tax review board’s ruling
 
By VEN SREENIVASAN
 
(SINGAPORE) In a landmark decision, the Income Tax Board of Review has ruled that a serviced apartment operator’s rental income should be treated as normal recurrent business income, and not as income from property investments.
 
This means that serviced apartment operators [...]

ST Forum: HDB property tax should be cut, not increased

HDB property tax should be cut, not increased
 
I AGREE completely with Mr Ridzwan Abdullah, ‘Wrong time to raise property tax on HDB flats’ (ST, Dec 28).
 
It completes a trend of unreasonable price increases in Singapore. When you add up all the increases in 2007 - bus fares, taxi fares, GST, income tax, tax on [...]