Singapore legislation

Section 16

Rate of tax

Amended by28/2007

Tax is charged at the rate of —

(a)

4% for the period from 1 January 2003 to 31 December 2003 (both dates inclusive);

(b)

5% for the period from 1 January 2004 to 30 June 2007 (both dates inclusive); and

(c)

7% from and including 1 July 2007,and is charged on —

(d)

the supply of goods or services, by reference to the value of the supply as determined under this Act; and

(e)

the importation of goods, by reference to the value of the goods as determined under this Act.