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Media Releases and Speeches

Media Releases and Speeches
2010
2009
100,000 employers to receive $920 million in first payment of Jobs Credit
Another partner of All Family Food Court charged for tax evasion
Company director convicted of GST fraud
Director and his construction company charged for tax evasion
e-Filing rate hits a new record of 91% up from 87% last year
Employers to make CPF Contributions by 14 August 2009 for 3rd Payment of Jobs Credit
First company and its director to be convicted of abusing tax exemption scheme
First practising Certified Public Accountant jailed for tax evasion
GST-registered trader charged with GST Fraud
GST-registered trader sentenced to 24 months' jail and penalty
Health massage operator charged for tax evasion
IRAS reduces Annual Values of more than 100,000 private properties in the 1st Quarter 2009
IRAS Seeks Feedback on Tax Framework for Corporate Amalgamations
Jobs Credit Scheme and Budget 2009 Tax Rebates
Jobs Credit Scheme to be extended for 6 months with 2 reduced payouts
Minister for Finance to attend the G-20 Finance Ministers and Central Bank Governors meeting, 4-5 Sep 2009, London
MOF Accepts for Implementation 9 Out of 16 Suggestions received on Draft Goods and Services Tax (Amendment) Bill 2009
MOF accepts for implementation majority of suggestions received on draft Income Tax (amendment) Bill 2009
MOF seeks Public Feedback on Draft Legislative Amendments to implement the Internationally Agreed Standard for Exchange of Information
More than 100,000 employers to receive $890 million from the third payment of Jobs Credit
More than 100,000 employers to receive $900 million from the second payment of Jobs Credit
New Singapore-Ukraine Avoidance of Double Taxation Agreement Ratified
No change to Income Tax treatment for individuals who sell their properties
No tightening of Income Tax policy for property transactions
No-Filing Service (NFS) to benefit half a million taxpayers this year
Public Consultation on Changes to the Income Tax Act
Reminder to sign up for 2009 GST Credits by 31 December 2009
Revised Annual Values for HDB flats from 1 January 2010 and a new property tax rebate for HDB owner-occupiers in 2010
Second Protocol to the Avoidance of Double Taxation Agreement (DTA) between Singapore and China Ratified
Signing of a Protocol Amending the Agreement between Singapore and Belgium for the Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to Taxes on Income
Signing of Memorandum of Understanding between CPA Australia and Tax Academy of Singapore
Signing of Second Protocol to the Avoidance of Double Taxation Agreement between China and Singapore
Signing of Singapore-Libya Avoidance of Double Taxation Convention
Singapore and Australia enhance tax cooperation
Singapore and Austria sign agreement to enhance tax cooperation
Singapore and Bahrain enhance tax cooperation
Singapore and Brunei enhance tax cooperation - First Protocol after Singapore joins OECD's white list
Singapore and Denmark sign Agreement to enhance cooperation in exchange of information for tax matters
Singapore and Finland enhance tax cooperation
Singapore and France to sign protocol on Exchange of Information under Bilateral Avoidance of Double Taxation Agreement (DTA) by Summer 2009
Singapore and Georgia sign Avoidance of Double Taxation Agreement
Singapore and Malta enhance tax cooperation
Singapore and Mexico enhance tax cooperation
Singapore and New Zealand sign Avoidance of Double Taxation Agreement
Singapore and Norway sign agreement to enhance tax cooperation
Singapore and Qatar sign agreement to enhance tax cooperation
Singapore and The Netherlands Enhance Tax Cooperation
Singapore and the United Kingdom sign Agreement to enhance cooperation in Exchange of Information for tax matters
Singapore signs tax protocol with France - joins OECD whitelist with 12th signing
Singapore-Russia Avoidance of Double Taxation Agreement Ratified
Sole proprietor charged for GST fraud
Sole proprietor pays hefty penalties of about $ 980,000 for tax offences
Speech by Mr Lee Yi Shyan, Minister of State for Trade and Industry and Manpower at the Conference on Asia-Pacific Taxation: A Glimpse into the Future
The first company and director to be charged and convicted for claiming fictitious expenses relating to “phantom workers”
The Government has paid out more than $3.6 billion of Jobs Credit after the fourth payment
Third partner of a food court business convicted of tax evasion
2008
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2006
2005
2004
2003
2002

30 Jul 2009

The Government will be making the third Payment of Jobs Credit on 30 September 2009. The amount that employers will receive for this payment will be computed based on employees on the CPF payroll for the month of July 2009, and the wages paid to these employees from April to June 2009.
 
The CPF contribution deadline for wages paid in the month of July 2009 is 14 August 2009. There will be no extension of the deadline. Employers are advised to make CPF payments by 14 August 2009 in order to qualify for the Third Payment of Jobs Credit.  The Government takes a serious view of employers who make late contributions for their employees.
 
More than $1.8 billion of Jobs Credit have already been paid to employers in March and June 2009. Following the September 2009 Payment, the last Payment of Jobs Credit will be made in December 2009.  
 
For more information on the Jobs Credit, visit http://www.iras.gov.sg/irashome/jobscredit.aspx or call 1800 356 4055.
 
 
MINISTRY OF FINANCE
30 July 2009

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Last Updated on 4 June 2010

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