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History. 1892 Straits Settlements stamp. A postal service had been available in Singapore since the contemporary city was founded by Stamford Raffles in 1819. Postal services were first directly organised in Singapore in 1826, and from 1829 rectangular postmarks began to be used on local correspondence.
The Singapore government has argued that reducing the rate of GST would benefit the wealthy more than the poor, as the bulk of GST is collected from foreigners and higher-income earners. In 2010, 84.2% of all GST paid was collected from foreigners and the top 40% of Singaporean households, while the bottom 20% of households contributed only 4% ...
Following self-government in 1959, the Inland Revenue Department was formed in 1960 when various revenues administered and collected by a number of separate agencies were brought together. When Singapore attained independence on 9 August 1965, substantial changes were made to the Income Tax Act, which came into effect on 1 January 1966.
Revenue. From the nineteenth century Singapore used revenues of the Straits Settlements. In 1948, the first revenue stamps exclusively for use in Singapore were issued. Three values were issued - $25, $50 and $100 - and the stamps portrayed King George VI. The $25 and $100 were reprinted in 1951 and 1953 respectively using a different perforation.
Container freight prices from Asia to the U.S. and Europe have tripled since early 2024. Rates from Asia and Singapore to the U.S. East Coast are at their highest since September 2022, while rates ...
In 1910 new stamps appeared with values of $25 and $500 (although available for postage, their more usual use was fiscal). George V replaced Edward VII on stamps beginning in 1912, reusing the frames and replacing only the vignettes. These stamps were overprinted in 1922 to mark the Malaya-Borneo Exhibition. The Straits Settlements also joined ...
Economic data releases and earnings. On Wednesday, the Federal Reserve revised its outlook for interest rate policy in 2024, signaling just one cut instead of the three seen back in March. A ...
Signed, Sealed, Delivered. The U.S. Postal Service is raising postage costs for the second time this year. On July 9, the price of a first-class stamp will rise to 66 cents from 63 cents.