Latest Updates

Summary of Income Tax Advance Rulings (1 Mar 2022)

Pages 01 Mar 2022

Taxable & Non-Taxable Income

Pages 28 Feb 2022

Amendments

Amendments

Updated to include information on the taxability of the Small Business Recovery Grant and the Progressive Wage Credit Scheme Payout.

Tax Season 2022: No Filing of Tax Returns for 7 in 10 Taxpayers

Media Release 28 Feb 2022

Updates to IRAS Supplementary XML User Guide for Preparing the FATCA Reporting Data File

Updated Content 23 Feb 2022

Updates to IRAS FATCA FAQs

Updated Content 23 Feb 2022

International Compliance Assurance Programme (ICAP)

Pages 18 Feb 2022

Amendments

Amendments

FAQs have been updated. 

Interbank Offered Rate Reform & the Tax Implications

New Content 17 Feb 2022

About Tax Governance and Tax Risk Management

New Content 17 Feb 2022

Amendments

Amendments

New content on the Tax Governance Framework (TGF) and Tax Risk Management and Control Framework for Corporate Income Tax (CTRM)

Taxable & Non-Taxable Income

Updated Content 15 Feb 2022

Amendments

Amendments

FAQs updated to include the income tax treatment of carbon credits. Webpage on “Tax Treatment of Business Expenses (A-F)” has also been updated. 

Sole Proprietor Sentenced to 32 Weeks’ Jail for Evading GST and First to be Fined for Failure to Issue Tax Invoices

Tax Crime 10 Feb 2022