IRAS

Car body trader gets jail for tax evasion, is fined more than S$800,000

The income tax undercharged across the two years exceeds S$260,000

Owner-occupiers living in three-room and larger HDB flats will face an average property tax increase of S$2 to S$3 a month after the rebate.

Singapore grants one-off property tax rebate for all owner-occupiers in 2026

Owners of one and two-room HDB flats will still be exempted from property tax

Beyond tax collection, the Inland Revenue Authority of Singapore also processed S$1.3 billion in payouts to support businesses and workers.

Singapore’s tax revenue up 10.7% at S$88.9 billion in FY2025 on robust growth and higher consumption

Corporate tax takings rise 6.7% to S$30.9 billion and remain the largest contributor

The pair are believed to have set up four shell companies between November 2017 and April 2018 to buy and sell goods in sham transactions.

Two face charges over S$11.8 million in GST fraud from sham transactions

The accused pair set up four shell companies and allegedly attempted to claim GST refunds from the taxman, say the police

From right: Jeremy Loo, Inland Revenue Authority of Singapore (IRAS); Kuah Mei Yin, Courts (Singapore) Pte Ltd; Bill Xiao, Infocomm Media Development Authority (IMDA); Claressa Monteiro, The Business Times.
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Lai Chung Han (left), who took on the role of permanent secretary (development) at the Ministry of Finance in 2024, will replace Tan Ching Yee.

Minister for Finance appoints new Iras board chairman Lai Chung Han

The incoming chairman has held several leadership roles in the Singapore Armed Forces and the Ministry of Defence and received the Public Administration Medal (Gold) in 2022

PropNex Realty now faces at least two lawsuits involving the 99-to-1 arrangement, with claims over S$2 million.

PropNex Realty faces second lawsuit over 99-1 deals

An Indonesian couple is suing the company, salesperson Amos Koh and CK Tan Law, claiming S$850,000

The SG60 vouchers are expected to benefit about three million adult Singapore citizens. They will be disbursed in July, and seniors will be able to claim them first.
SINGAPORE BUDGET 2025

Budget 2025: Up to S$800 in SG60 vouchers; 60% personal income tax rebate

The tax rebate will be capped at S$200, for year of assessment 2025

If property taxes need to rise in future, owner-occupiers of pricier homes such as landed units may face large tax bills.
THE LEVEL GROUND

Don’t spare asset-rich, cash-poor private homeowners from paying higher property taxes

If needed, property tax rises for elderly owner-occupiers can accrue as an amount payable