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IRAS recovers S$75m in corporate taxes, penalties in first nine months

Sharon See

Published Mon, Nov 11, 2019 · 09:50 PM

Singapore

SINGAPORE'S tax authority recovered S$75 million in corporate taxes and penalties for the first nine months of 2019, an excess of nearly S$8 million compared with the same period in the previous year.

The amount came from 2,368 companies from a cross-section of industries and businesses, the Inland Revenue Authority of Singapore (IRAS) told The Business Times.

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