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IRAS’ Organisational Profile

1989 

  • Information Management System, a new computer system for income tax and property tax, is rolled out.

1987 

  • Corporate income tax rate comes down from 40% to 33%, in the first major reduction.

1986 

  • Inland Revenue Department (IRD) hosts the 16th SGATAR meeting.

1985 

  • Payroll tax is suspended.

1983 

  • IRD administers the Charities Act.

1982 

  • Payment of individual income tax in instalments can be made through the GIRO scheme.

1976 

  • IRD hosts the 6th meeting of the Study Group on Asian Tax Administration and Research (SGATAR).

1972 

  • The first computer, an IBM 360, is brought in to replace the accounting machines.

1970 

  • IRD is headed by its first local Commissioner, Hsu Tse-Kwang.

1967 

  • The Economic Expansion Incentives Act is introduced.

1965 

  • Payroll tax is introduced and administered by IRD.

1961 

  • Property tax comes under the purview of the IRD.
  • The first avoidance of double taxation agreement is signed.

1960 

  • The Singapore Income Tax Department becomes the IRD, with stamp duty, estate duty, private lotteries and betting and sweepstake duties coming under the department’s purview.
  • N.V. Casey becomes the first Commissioner of Inland Revenue.

1959 

  • The Pioneer Industries (Relief from Income Tax) Ordinance is introduced.

1956 

  • G.T. Holloway is the Income Tax Department’s second comptroller.

1948 

  • The Singapore Income Tax Department is formed with D.H. Tudor as Singapore’s first Comptroller of Income Tax.

1947

  •  The Income Tax Ordinance is passed.

2010 

2000 to 2009

1990 to 1999
 
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Last Updated on 29 November 2010


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