Income Tax

Halsbury’s Laws of Singapore (Vol 16(2): Revenue and Taxation- Income Tax), (2020) (LexisNexis)

Posted: 16 Aug 2019

See all articles by Liu Hern Kuan

Liu Hern Kuan

Inland Revenue Authority of Singapore

Vincent Ooi

Singapore Management University - School of Law; Singapore Management University - Centre for AI & Data Governance

Date Written: January 1, 2020

Abstract

Singapore imposes a single tax on income. Capital gains are not taxable. Income tax was first sought to be introduced in Singapore more as a war tax in 1917 and has had a chequered history of introduction, application and repeal from 1917 till 1941, including a period from 1923 till 1940 without income tax. A new system of income taxation was established in 1947 and has continued to be part of the law since.

Keywords: Tax Law, Taxation

Suggested Citation

Hern Kuan, Liu and Ooi, Vincent, Income Tax (January 1, 2020). Halsbury’s Laws of Singapore (Vol 16(2): Revenue and Taxation- Income Tax), (2020) (LexisNexis). Available at SSRN: https://ssrn.com/abstract=3436564

Liu Hern Kuan

Inland Revenue Authority of Singapore ( email )

55 Newton Road
Revenue House
Singapore, 307987
Singapore
+65 6351 2030 (Phone)
+65 6351 2077 (Fax)

HOME PAGE: http://www.iras.gov.sg

Vincent Ooi (Contact Author)

Singapore Management University - School of Law ( email )

55 Armenian Street
Singapore, 179943
Singapore

HOME PAGE: http://law.smu.edu.sg/faculty/profile/156436/Vincent-OOI

Singapore Management University - Centre for AI & Data Governance ( email )

55 Armenian Street
Singapore
Singapore

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