Singapore's Ministry of Finance has announced that about 880,000 Singaporean Housing and Development Board (HDB) households will receive the next installment of the GST Voucher – Utilities-Save (U-Save) rebate in January 2018.

Singapore's tax agency has announced that the territory's new double tax avoidance agreement with Cambodia entered into force on December 29, 2017, capping cross-border withholding taxes on trade and investment.

Ernst and Young Solutions LLP, Singapore, has released its wish list for the Singapore Budget 2018, calling for reforms to sharpen the territory's competitiveness.

Singapore has announced that it has activated automatic exchange of information relationships with a total of 61 territories, as part of global efforts to tackle tax evasion and fiscal crime.

Sri Lanka signed its first ever comprehensive free trade agreement on January 23, with Singapore.

Singapore is engaging businesses on tweaking the design of its new carbon tax, which is proposed to be in place by 2019.

Singapore's tax agency has made two announcements recently concerning the automatic exchange of information on foreign taxpayers' affairs, on the Common Reporting Standard and the US Foreign Account Tax Compliance Act.

Singapore will hike its seven percent goods and services tax rate to nine percent some time between 2021 and 2025, Singapore's Finance Minister, Heng Swee Keat, announced in the territory's new Budget.

The Inland Revenue Authority of Singapore on February 23, 2018, released the fifth edition of its Transfer Pricing Guidelines for income tax.

Financial institutions in Singapore are required to file information required under the US Foreign Account Tax Compliance Act starting April 16 by May 31, 2018.

Singapore has gazetted a law to repeal the income tax concession for intellectual property income derived by companies benefiting from the Pioneer Service Companies Incentive or the Development and Expansion Incentive schemes.

The Inland Revenue Authority of Singapore has issued a reminder to companies that the corporate income tax return filing deadline is either November 30, 2018, for paper returns, or December 15, 2018, for electronically filed returns.

Singapore's recently released 2019 Budget included few significant tax announcements except confirmation that Singapore's carbon tax will be levied this year and the goods and services tax will be hiked in the medium term.

The Inland Revenue Authority of Singapore is now accepting FATCA returns for the 2018 reporting year and has newly released the FATCA paper nil return for 2018.

The Inland Revenue Authority of Singapore has released new transfer pricing guidance on determining the economic value of taxpayers' commodity marketing and trading activities in Singapore.

On July 5, 2019, Singapore's tax agency released a draft guide that includes proposals for more favorable GST rules for virtual currencies.

The Inland Revenue Authority of Singapore (IRAS) has released new guidance for GST-registered persons on the completion of new boxes in the GST F5 return from next year.

Switzerland's agreements for the automatic exchange of financial account information with Hong Kong and Singapore have entered into force.

The Inland Revenue Authority of Singapore has updated its guidance on the introduction from January 1, 2020, of an obligation on Singaporean taxpayers to collect GST on imported services under a reverse charge.

The Inland Revenue Authority of Singapore (IRAS) has reported that revenues increased by 4.4 percent in the 2018-2019 fiscal year, in its annual report for the year.

Singapore is to add provisions to draft legislation to enhance the new GST regime for imported services and clarify new rules for virtual currencies.

Singapore and Germany have signed a protocol to their double taxation agreement, which brings the treaty into line with international standards and amends the maximum withholding tax rates that may be charged.

Switzerland's agreements for the automatic exchange of financial account information with Hong Kong and Singapore have entered into force.

The Inland Revenue Authority of Singapore has announced that the BEPS multilateral instrument entered into force for several of its double tax treaties on April 1, 2019.

An Indian-origin nurse in Singapore will receive this year's International Achievement Award by the Florence Nightingale International Foundation (FNIF)

Eighteen individuals developed symptoms of bacterial infection, and all these patients were admitted to hospitals, of which 14 have been discharged.

The Mandarin Orchard Singapore will become the Hilton Singapore Orchard following a $90m-rebranding that is set to take place over the course of two years, with works scheduled to be completed by late 2021. A deal was signed between Hilton and OUE. The property is boasting 1,080 rooms and 3,765 sqm of events, conference and meeting space, which also includes three ballrooms. This puts the property in a position to cater MICE events and travelers. New meeting and F&B facilities will be added to help boost the hotel's status in this regard....

Kajal Aggarwal has become the first South Indian actress to get her wax statue at the Madame Tussauds in Singapore.

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As a further sign of international efforts to crack down on tax offenders, 12 more countries have signed, or committed to sign, the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters. In addition, another 6 countries have ratified the Convention.

As a further sign of international efforts to crack down on tax offenders, 12 more countries have signed, or committed to sign, the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters. In addition, another 6 countries have ratified the Convention.

Weapons Sales in Singapore decreased to 47 USD Million in 2016 from 48 USD Million in 2015. Weapons Sales in Singapore averaged 32.34 USD Million from 1971 until 2016, reaching an all time high of 91 USD Million in 1984 and a record low of 1 USD Million in 2013. Weapons Sales are presented as a Trend-Indicator Value based on the known unit production costs of a core set of weapons such as aircraft, air defence systems, anti-submarine warfare weapons, armoured vehicles, artillery, engines, missiles, sensors, satellites, ships and others. The indicator aims to represent the transfer value of military resources rather than the financial value of the transfer.

Singapore recorded a government budget surplus of 3262.40 SGD Million in February of 2020. Government Budget Value in Singapore averaged 1066.06 SGD Million from 2011 until 2020, reaching an all time high of 17603.90 SGD Million in May of 2019 and a record low of -9045.20 SGD Million in March of 2019. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Singapore Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of employed persons in Singapore increased to 3778 Thousand in 2019 from 3715.80 Thousand in 2018. Employed Persons in Singapore averaged 2739.03 Thousand from 1994 until 2019, reaching an all time high of 3778 Thousand in 2019 and a record low of 1714.20 Thousand in 1994. In Singapore, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides - Singapore Employed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

As a further sign of international efforts to crack down on tax offenders, 12 more countries have signed, or committed to sign, the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters. In addition, another 6 countries have ratified the Convention.

Government Debt in Singapore increased to 641094.30 SGD Million in the fourth quarter of 2019 from 612971.40 SGD Million in the third quarter of 2019. Government Debt in Singapore averaged 234324.80 SGD Million from 1990 until 2019, reaching an all time high of 641094.30 SGD Million in the fourth quarter of 2019 and a record low of 47443.50 SGD Million in the first quarter of 1990. This page provides - Singapore Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports from Singapore in Turkey increased to 38721.40 USD THO in March from 22694.44 USD THO in February of 2020. Imports from Singapore in Turkey averaged 28975.83 USD THO from 2014 until 2020, reaching an all time high of 54971 USD THO in February of 2015 and a record low of 12943.73 USD THO in June of 2019. This page includes a chart with historical data for Turkey Imports from Singapore.

Imports in Singapore decreased to 39949.90 Million SGD in March from 40720.98 Million SGD in February of 2020. Imports in Singapore averaged 15210 Million SGD from 1964 until 2020, reaching an all time high of 44689.59 Million SGD in October of 2018 and a record low of 266.38 Million SGD in July of 1964. The biggest import product, with 43 percent share, is machinery and equipment (with electronics accounting for 60 percent). The country also imports: crude oil (32 percent), miscellaneous manufactures (7 percent) and chemical products (7 percent). Main import partners are: China (11 percent), Malaysia (11 percent), the United States (9 percent), South Korea (8 percent), Japan (6 percent) and Indonesia (5 percent). This page provides the latest reported value for - Singapore Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP From Transport in Singapore increased to 8101.20 SGD Million in the fourth quarter of 2019 from 8060.30 SGD Million in the third quarter of 2019. GDP From Transport in Singapore averaged 3950.87 SGD Million from 1975 until 2019, reaching an all time high of 8123.10 SGD Million in the second quarter of 2019 and a record low of 538.40 SGD Million in the first quarter of 1975. Gdp From Transport in Singapore includes Transport and storage. This page provides - Singapore Gdp From Transport- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Singapore 10Y Bond Yield was 0.89 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Singapore Government Bond 10Y reached an all time high of 5.69 in August of 1998. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Singapore recorded a Government Budget deficit equal to 0.30 percent of the country's Gross Domestic Product in 2019. Government Budget in Singapore averaged 7.36 percent of GDP from 1990 until 2019, reaching an all time high of 21.23 percent of GDP in 1994 and a record low of -1.20 percent of GDP in 2015. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Singapore Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Corporate Tax Rate in Singapore stands at 17 percent. Corporate Tax Rate in Singapore averaged 20.04 percent from 1997 until 2020, reaching an all time high of 26 percent in 1998 and a record low of 17 percent in 2010. In Singapore, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Singapore. This page provides - Singapore Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Exports to Singapore (non Oil & Gas) in Indonesia decreased to 916.10 USD Million in March from 1047.80 USD Million in February of 2020. Exports to Singapore (non Oil & Gas) in Indonesia averaged 758.90 USD Million from 2014 until 2020, reaching an all time high of 1047.80 USD Million in February of 2020 and a record low of 534 USD Million in June of 2018. This page includes a chart with historical data for Indonesia Exports to Singapore (non Oil & Gas).

Wages in Manufacturing in Singapore decreased to 4220 SGD/Month in the third quarter of 2013 from 4269 SGD/Month in the second quarter of 2013. Wages in Manufacturing in Singapore averaged 4406.60 SGD/Month from 2010 until 2013, reaching an all time high of 5056 SGD/Month in the first quarter of 2013 and a record low of 3797 SGD/Month in the second quarter of 2010. Wages in Manufacturing in Singapore is reported by the Statistics Singapore. This page provides - Singapore Average Monthly Wages in Manufacturing - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Singapore was last recorded at 58247.90 US dollars in 2018. The GDP per Capita in Singapore is equivalent to 461 percent of the world's average. GDP per capita in Singapore averaged 24547.93 USD from 1960 until 2018, reaching an all time high of 58247.90 USD in 2018 and a record low of 3503.40 USD in 1960. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides - Singapore GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Singapore increased to 5783 SGD/Month in the fourth quarter of 2019 from 5183 SGD/Month in the third quarter of 2019. Wages in Singapore averaged 3415.30 SGD/Month from 1989 until 2019, reaching an all time high of 6005 SGD/Month in the first quarter of 2019 and a record low of 1302 SGD/Month in the second quarter of 1989. In Singapore, wages are benchmarked using average monthly earnings. This page provides - Singapore Average Monthly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Exports in Singapore increased to 43132.40 Million SGD in March from 41816.45 Million SGD in February of 2020. Exports in Singapore averaged 16146.11 Million SGD from 1964 until 2020, reaching an all time high of 48730.89 Million SGD in October of 2018 and a record low of 197.68 Million SGD in July of 1964. Singapore derives most of its revenues from foreign trade. The biggest export product, with 43 percent share, is machinery and equipment. The country also exports petroleum (19 percent); chemical products (13 percent); miscellaneous manufactured articles (8 percent) and oil bunkers (7 percent). Singapore’s main exporter partners are China (15 percent of total exports), Hong Kong (12 percent), Malaysia (11 percent), Indonesia (8 percent), United States (6 percent) and Japan (5 percent). This page provides the latest reported value for - Singapore Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP From Mining in Singapore increased to 77466.90 SGD Million in the fourth quarter of 2019 from 77053.30 SGD Million in the third quarter of 2019. GDP From Mining in Singapore averaged 30460.05 SGD Million from 1975 until 2019, reaching an all time high of 77466.90 SGD Million in the fourth quarter of 2019 and a record low of 4246.90 SGD Million in the first quarter of 1975. This page provides - Singapore Gdp From Mining- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of unemployed persons in Singapore increased to 110.80 Thousand in 2019 from 100.20 Thousand in 2018. Unemployed Persons in Singapore averaged 62.46 Thousand from 1967 until 2019, reaching an all time high of 124.10 Thousand in 2009 and a record low of 25.80 Thousand in 1990. In Singapore, unemployed persons are individuals who are without a job and actively seeking to work. This page provides - Singapore Unemployed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

External Debt in Singapore increased to 2123229.90 SGD Million in the fourth quarter of 2019 from 2105725.40 SGD Million in the third quarter of 2019. External Debt in Singapore averaged 1484713.22 SGD Million from 2003 until 2019, reaching an all time high of 2123229.90 SGD Million in the fourth quarter of 2019 and a record low of 854184 SGD Million in the second quarter of 2003. In Singapore, external debt is a part of the total debt that is owed to creditors outside the country. This page provides - Singapore External Debt - actual values, historical data, forecast, chart, statistics, economic calendar and news.