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Fit & Proper Declaration Form (Key Management Person) *This is not applicable to in house training units of MAS regulated Financial Institutions (FI's)Please provide all relevant information to demonstrate
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What is fit - definition of?
Fit stands for Financial Institutions Tax and refers to a tax imposed on financial institutions.
Who is required to file fit - definition of?
Financial institutions are required to file fit.
How to fill out fit - definition of?
Fit can be filled out through the designated tax forms provided by the tax authorities.
What is the purpose of fit - definition of?
The purpose of fit is to generate revenue for the government from financial institutions.
What information must be reported on fit - definition of?
Financial institutions must report their financial activities, profits, and expenses on fit forms.
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