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[h=2]Singapore cooling measures rake in half a billion[/h]
September 30th, 2012 |
Author: Online Press
Property Report- Sep 25, 2012
Cooling measures such as the additional buyers’ stamp duty (ABSD) have raked in around S$500 million (US$408 million) in tax revenue, according to Asia One. Of the combined cooling measures, the ABSD has contributed the majority of tax revenues, at S$450 million since it was introduced in December last year.
The remaining S$51 million came from the sellers’ stamp duty, which was implemented in 2010, according to the Inland Revenue Authority of Singapore.
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Read more here: http://www.property-report.com/singapore-cooling-measures-rake-in-half-a-billion-24972
Cooling measures such as the additional buyers’ stamp duty (ABSD) have raked in around S$500 million (US$408 million) in tax revenue, according to Asia One. Of the combined cooling measures, the ABSD has contributed the majority of tax revenues, at S$450 million since it was introduced in December last year.
The remaining S$51 million came from the sellers’ stamp duty, which was implemented in 2010, according to the Inland Revenue Authority of Singapore.
.
Read more here: http://www.property-report.com/singapore-cooling-measures-rake-in-half-a-billion-24972
