Inland Revenue Authority of Singapore

Inland Revenue Authority of Singapore (IRAS) is the Government agency responsible for the administration of taxes and enterprise disbursement schemes.

DBS partners with IRAS to provide individual and corporate taxpayers with eGIRO

The eGIRO service aims to benefit two million GIRO users in Singapore. 

DBS partners with IRAS to provide individual and corporate taxpayers with eGIRO

The eGIRO service aims to benefit two million GIRO users in Singapore. 

IRAS penalizes over 4,700 companies for late or missed tax filings in 2023

The total penalties incurred from failure to file tax filings reached over $4.9m.

Over $2.28b in gov't aid disbursed to SG businesses in 2023

IRAS also gave out $2.28b in government schemes to over 131,000 businesses.

Tax revenue rises 17% to $80.3b in FY23/24

Corporate income tax led the collection with a 36.1% share.

IRAS to reclaim $60m from '99-to-1' ABSD loophole exploiters

As of April, IRAS has audited 187 cases related to the scheme, uncovering 166 engaged in tax avoidance practices.

MOF seeks public feedback on the proposed IRAS amendment bill 

The bill will allow IRAS to administer broad-based grants to businesses.

IRAS recovers $79m in taxes and penalties

The audits revealed 4 common tax filing mistakes amongst companies.

Over $4b in grants distributed to businesses, workers: IRAS

More than 120,000 enterprises received grants from the agency.

IRAS extends simplified tax filing to over 2 million taxpayers

More than 100,000 employers are expected to participate in the scheme. 

What Singapore can do to enhance carbon trading hub status

KPMG advises determining length prices for carbon credits.

Longer grace periods for companies under new tax frameworks: IRAS

The frameworks were co-developed with the Big 4 accounting firms.

Over 40,000 businesses benefit from $132m recovery grant

The grant stemmed from the budget 2022 and part of $500m jobs support aid.

Tax collection declines 7.3% to S$49.6b in FY2020/21

This is due to reduced business activities due to COVID-19.