IRAS

Couple sues ERA, agent and law firm for S$731,212 over alleged misrepresentation in ‘99-1’ property deal

Claimants seeking to recover additional tax and surcharge imposed for illegal stamp duty avoidance on their condominium purchase 

Authorities seized 179 luxury watches in the operation conducted on Mar 17.

Over S$1 million in luxury watches seized during Iras raids for suspected GST fraud

The crackdown on alleged false refunds leads to the arrest of a 56-year-old female suspect

Rickey Tan was engaged in the business of trading car bodies both in his personal capacity and through his company, Car Ranger.

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.
SPONSORED

BT Branded Podcasts: Simplifying tax compliance in Singapore with InvoiceNow

From November this year, Singapore will require newly incorporated businesses which are voluntarily registered for goods and services tax or GST, to be onboarded on InvoiceNow. What exactly is it? Cla...

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