Daily Archives: 2017-04-24

Five foreigners arrested for fraudulent GST refund claims and money laundering charges

Five Indian nationals were convicted of offences relating to fraudulent Goods and Services Tax (GST) claims under the electronic Tourist Refund Scheme (eTRS), Inland Revenue Authority of Singapore, Singapore Customs, and Singapore Police Force said in a 24 April joint release. Karunanithi Saravanan (aged 36), Karunanidhi Rajesh (aged 32), Waithiyalingam Karunanidhi (aged 61), Kothandaraman Gnanam (aged 29), Ramaiyan Karthikeyan (aged …

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Tax season 2017 maintains overall 96 percent record high on-time filing rate

Tax season 2017 maintains record high overall on-time filing rate, the Inland Revenue Authority of Singapore (IRAS) stated on 24 April. IRAS announced that this year, 96 percent of taxpayers filed their tax returns on-time, maintaining the record high set last year. 770,000 taxpayers, or more than 97 percent of those who filed, did so electronically. 17 percent of taxpayers …

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Fire at multi-storey carpark at Blk 282 Bishan North Mall

A fire took place at a multi-storey carpark at Blk 282 Bishan North Mall MSCP on Monday (24 April) afternoon. No one was injured during the incident and the fire was extinguished by using a water jet. Singapore Civil Defence Force (SCDF) said that the fire involved discarded items at a staircase landing. SCDF said that it had dispatched three fire engines, …

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Beware the FAS scandal offside trap!

by Vernon Chan FIFA’s 2015 reform package to improve transparency and accountability in the sport includes a call to remove government appointees from leadership of its regional and national administrative bodies. The reformation has seen a fallout in various countries, with political appointees exiting most unwillingly the national administration of their sport. In squeaky clean, corruption-free Singapore, the Football Association …

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Petition to Ministry of Social and Family Development to waive ‘Pay-as you-use’ for seniors in rental flats

Pay-as-you-use unit for the rental flats who are behind bills.

Local volunteer group, Happy People Helping People Foundation (HPHPF) has created a petition – “Waive ‘Pay-as you-use’ charges for seniors staying in rented flats. Light is a necessity” which is to be presented to the Ministry of Social and Family Development to ask for the ministry to consider the waiver of utility bills for senior citizens living in rental flats. The HPHPF …

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MAS: Consumer Price Index remains unchanged from February

Monetary Authority of Singapore (MAS) has announced that all Items inflation and Core Inflation came in at 0.7 percent and 1.2 percent respectively in March, unchanged from the preceding month. The All-Items Consumer Price Index (CPI) inflation was 0.7 percent in March, unchanged from February. The drivers of headline inflation in March were largely similar to the previous month. Private …

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F1 too expensive in Singapore? Here’s a good news for F1 fans!

This year’s Formula One (F1) season started with the first race held in Melbourne, Australia on the 26th of March. For those who are unaware, F1 is the highest class of single-seat auto racing that is sanctioned by the Fédération Internationale de l’Automobile (FIA). Savings platform CupoNation took the opportunity to analyze and compare the prices of entry tickets across the …

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MAS and CAD launched government-industry partnership to strengthen Singapore’s capabilities to fight financial crimes

The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force (SPF) has announced the launch of a government-industry partnership to strengthen Singapore’s capabilities in the fight against money laundering and terrorism financing (ML/TF) on Monday (24 April). The authorities stated that Anti-Money Laundering and Countering the Financing of Terrorism Industry Partnership (ACIP) brings …

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