CPF SAVINGS CANNOT BE USED TO PURCHASE SECURITIES ON SGX WATCH-LIST WITH EFFECT FROM 1 MARCH 2016
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Companies under Singapore Exchange’s (SGX) existing rules are subject to delisting if they fail to exit the SGX watch-list. Therefore, CPF savings under the CPF Investment Scheme (CPFIS) will not be allowed to purchase securities on the SGX watch-list. This will take effect from 1 March 2016.
IRAS: e-Submission of Employment Income
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From Year of Assessment 2015, employers with 12 or more employees or who have received the "Notice to File Employment Income Of Employees Electronically" are required to participate in the AIS under S68(2) of the Income Tax Act.
2015 Budget Statement to be delivered on 23 February 2015
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Deputy Prime Minister and Minister for Finance, Mr Tharman Shanmugaratnam, will deliver the FY2015 Budget Statement in Parliament on Monday, 23 February 2015.
There will be ‘live’ television and radio coverage of the Budget Statement. A 'live' webcast of the delivery of the Budget Statement will be available as well at the Singapore Budget website (http://www.singaporebudget.gov.sg). The Budget Statement will be uploaded on the Singapore Budget website after the speech has been delivered.
CPF Contribution and Allocation Rates from 1 January 2015
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From 1 January 2015, the CPF contribution rates are increased to help employees save more for retirement and healthcare needs. The new contribution rates apply to wages earned from 1 January 2015.
Singapore and Uruguay Sign Agreement for Avoidance of Double Taxation
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Singapore and Uruguay signed an Agreement for the Avoidance of Double Taxation (DTA) on 15 January 2015. The signing took place in Singapore between Ms Chiam Yah Fang, Chief Tax Policy Officer, Ministry of Finance and His Excellency Carlos Irigaray, Uruguay’s Ambassador to Singapore.
