GEORGE TOWN: The Finance Ministry will be approving the reinstatement of the tax-exempt status for Penang's Lam Wah Ee Hospital and Mount Miriam Cancer Hospital, says Datuk Tan Teik Cheng. The MCA vice president said following the revocation of the tax-exempt status of both hospitals last June, donors were no longer able to apply for tax relief when filing up their income tax returns, and this had seriously affected donations to the hospitals. He said the matter has finally been resolved following mediation by MCA for both these hospitals, which included active participation by party president Datuk Seri Dr Wee Ka Siong. “The Finance Ministry has formally written to both hospitals to reinstate their tax-exempt status. MCA is committed towards safeguarding the well-being and welfare of the rakyat in a pragmatic manner, ” said Tan. “This news is indeed most welcome for the Lam Wah Ee Hospital and the Mount Miriam Cancer Hospital, their patients and the public at large as it ... » Learn More about Two Penang hospitals back to having tax-exempt status
Income tax tax return
Are you wondering if your assets would be charged for tax after you die? Not in Singapore — if you die on or after Feb 15, 2008. WHAT IS INHERITANCE TAX? Inheritance tax, also known as estate duty in Singapore, is the tax charged on the total market value of the assets of someone who has died, at the date of the death and regardless of whether there is a will. A deceased person's assets are referred to as the estate. An estate includes the following: Everything owned in the deceased's sole name, or jointly owned with others; Gifts made within 5 years before the deceased's death; Gifts made anytime from which the deceased retained some benefits. For example, if the deceased had been collecting monthly rental income from a house that was given to someone else, the house is included as part of the deceased's estate Assets held in trust which personally benefited the deceased, such as a bank account that was held in trust for a minor. IS INHERITANCE TAX THE SAME AS THE ... » Learn More about Is inheritance tax payable when you die in Singapore?
Marital problems arise from issues such as communication, unresolved baggage from early days, unfulfilled expectations, resentfulness or in some cases, infidelity. Couples should try to at least resolve such issues among themselves. If that fails, they should consider getting the help of a marriage therapist or a marriage counsellor. This is to say – divorce is a personal choice that should only be made after all other avenues of trying to salvage the marriage, have been exhausted. When is the right time to contemplate divorce? Ideally, divorce should be a clear, unemotional decision, that one can support over time. For a divorce to actually come about, the marriage must have already been “broken down irretrievably” and it is best if both sides are willing to let go. That is to say, the crucial elements of a marriage such as trust and concern, shared interests, commitment to the marriage and common long-term goals are no longer present. One should not divorce just for ... » Learn More about Practical preparations for a divorce in Singapore