Iras recovers S$175m in GST, penalties in Jan-Sept 2019 period

Singapore

THE taxman recovered a total of S$175 million in Goods and Services Tax (GST) and penalties between January and September this year, following audits and investigations of over 2,000 GST-related cases.

The Inland Revenue Authority of Singapore (Iras) on Sunday said it had picked companies for audit by using data analytics to identify those at risk of non-compliance and evasion.