The Inland Revenue Authority of Singapore (Chinese: --, Malay: Lembaga Hasil Dalam Negeri Singapura) is a statutory board under the Ministry of Finance of the Singapore Government in charge of tax collection.
History
The Singapore Income Tax Department was created in 1947 to administer the Income Tax Ordinance enacted during that year.
Actual assessing of tax only began in November 1948. In the first Year of Assessment, about 40,000 individual tax returns and 1,000 corporate returns were received. The total tax collected for the period 1 January 1948 to 31 December 1949 was $33.2 million.
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...
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