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irassg

2026-07-07

For nightclub operators, a $500 flower garland sale has GST, income tax, and withholding tax implications – all of which need to be handled correctly.

Our latest Taxbytes article breaks down the tax treatment of flower garland sales and compliance requirements for nightclubs.

Read the full story: go.gov.sg/taxbytes-flower-garland

🌺 For nightclub operators, a $500 flower garland sale has GST, income tax, and withholding tax implications – all of which need to be handled correctly. Our latest Taxbytes article breaks down the tax treatment of flower garland sales and complian ...Read More

irassg

2026-07-03

#TaxCrimes Buntono, 49, who runs Eminent Frog Porridge Restaurant (Ming Hui Frog Porridge) and Eminentseafood, was charged in Court today with Income Tax and Goods and Services Tax (“GST”) evasion and money laundering offences.

Tax offences:
- Wilfully understating his trade income for Years of Assessment (“YAs”) 2016 to 2024, resulting in close to $2 million of income tax being undercharged
- Wilfully perpetuating a fraud by deliberately concealing the liability of his businesses to be registered for GST, resulting in close to $1.8 million of GST being undercharged
- Failing to keep sufficient business records for YAs 2016 to 2024

Money laundering offences:
- Possessing properties that, in part, represented his benefits from wilful income tax evasion, namely over $2.4 million in cash, a Lamborghini Aventador and a landed property

Read the joint media release here: go.gov.sg/iras-buntono

#TaxCrimes Buntono, 49, who runs Eminent Frog Porridge Restaurant (Ming Hui Frog Porridge) and Eminentseafood, was charged in Court today with Income Tax and Goods and Services Tax (“GST”) evasion and money laundering offences. Tax offences: - Wilfu ...Read More

irassg

2026-07-02

Wondering how to prepare for the GST InvoiceNow Requirement? From webinars to the InvoiceNow Fair, we have a range of events lined up to help your business get ready.

Find out more at: https://www.iras.gov.sg/news-events/events

💡 Wondering how to prepare for the GST InvoiceNow Requirement? From webinars to the InvoiceNow Fair, we have a range of events lined up to help your business get ready. Find out more at: https://www.iras.gov.sg/news-events/events ...Read More

irassg

2026-07-01

Grants are available to help your business get ready for the GST InvoiceNow Requirement – find out more at the InvoiceNow Fair on 29 July!

Already signed up? Here's what to look forward to: meet over 90 accredited service providers, get the latest updates on grants and support, and hear directly from IMDA and IRAS – all under one roof.

With the Requirement rolling out progressively from April 2028 to April 2031, the earlier you start, the better positioned your business will be.

29 July 2026 (Wednesday)
9am – 6pm
Suntec Singapore Convention & Exhibition Centre, Halls 401 & 402

Learn more about the GST InvoiceNow Requirement at https://go.gov.sg/iras-gst-invoicenow-requirement.

🔔 Grants are available to help your business get ready for the GST InvoiceNow Requirement – find out more at the InvoiceNow Fair on 29 July! Already signed up? Here's what to look forward to: meet over 90 accredited service providers, get the lates ...Read More

irassg

2026-06-29

#TaxCrimes Giam Zi Hin, Luke (“Giam”) was convicted of one fraudulent trading charge, and the Court sentenced him to 6 years’ imprisonment. He was a key member of the criminal syndicate behind a Goods and Services (“GST”) Missing Trader Fraud (“MTF”) scheme involving approximately $114 million in fictitious sales.

Giam admitted to directing the operations of xShine Enterprise Pte Ltd (“xShine”) for the fraudulent purpose of being a buffer company within the GST MTF scheme. He instructed the director of xShine to:
- Endorse falsified sales invoices and issue cash vouchers to create a guise of genuine sale
- Falsify and issue more than 127 sales invoices of xShine, with a sales value of close to $47 million

Read the full media release here: go.gov.sg/gst-mtf-giam

#TaxCrimes Giam Zi Hin, Luke (“Giam”) was convicted of one fraudulent trading charge, and the Court sentenced him to 6 years’ imprisonment. He was a key member of the criminal syndicate behind a Goods and Services (“GST”) Missing Trader Fraud (“MTF”) ...Read More

irassg

2026-06-26

For GST-registered businesses, it’s important to know that not every business-related expense qualifies for an input tax claim. Fringe benefits (i.e. non-wage benefits provided to employees), in particular, come with specific conditions – and if they are not met, the input tax claim is not allowed.

Swipe to find out more about the close nexus test and whether common fringe benefits are claimable or not.

Learn more about the GST treatment for common expenses at go.gov.sg/input-tax-treatment-for-common-expenses.

📢 For GST-registered businesses, it’s important to know that not every business-related expense qualifies for an input tax claim. Fringe benefits (i.e. non-wage benefits provided to employees), in particular, come with specific conditions – and if ...Read More

irassg

2026-06-24

Are you a landlord or tenant? Here’s what you need to know about Stamp Certificates.

When renting a property, you are required by law to submit a stamping record and pay stamp duty on your tenancy agreement. A Stamp Certificate is proof that your tenancy agreement has been duly stamped, and this is what protects you if disputes ever arise.

Swipe to find out your stamp duty obligations, how to obtain your Stamp Certificate and how it protects you as a landlord or tenant ➡️

Find out more at https://go.gov.sg/iras-stampduty-rent-property

Are you a landlord or tenant? Here’s what you need to know about Stamp Certificates. 🏠 When renting a property, you are required by law to submit a stamping record and pay stamp duty on your tenancy agreement. A Stamp Certificate is proof that you ...Read More

irassg

2026-06-19

Meet our #IRASFam: #TaxAndBeyond in action

What does a culture of continuous learning look like? At IRAS, close to 100% of our colleagues have completed at least one curated course in data, digitalisation, and design. Whether deepening expertise or venturing into new areas, we are continuously building capabilities to learn, grow, and thrive together.

Find your fit with us and make an impact every day: go.gov.sg/linkedin-iras-life

#IRASCareers #LifeAtIRAS

Meet our #IRASFam: #TaxAndBeyond in action What does a culture of continuous learning look like? At IRAS, close to 100% of our colleagues have completed at least one curated course in data, digitalisation, and design. Whether deepening expertise or ...Read More

irassg

2026-06-19

️Shop. Claim. ✈️ Fly. Here's how Singapore's electronic Tourist Refund Scheme (eTRS) works ➡️

Learn more at go.gov.sg/etrsfaq.

🛍️Shop. 💰Claim. ✈️ Fly. Here's how Singapore's electronic Tourist Refund Scheme (eTRS) works ➡️ 🔗 Learn more at go.gov.sg/etrsfaq. ...Read More

irassg

2026-06-15

As part of IRAS’ ongoing efforts to make tax processes more seamless and efficient, we are enhancing the way companies interact with us.

The ‘Revise/Object to Assessment’ digital service allows companies to conveniently submit all necessary information at once, enabling faster finalisation of tax matters.

From 1 July 2027, all companies will be required to use IRAS’‘Revise/Object to Assessment’ digital service for these submissions. This proposed change will undergo public consultation as part of the Finance (Income Taxes) Bill 2026. In the meantime, companies and tax agents are encouraged to familiarise themselves with the digital service.

Find out more at https://go.gov.sg/citamendments

As part of IRAS’ ongoing efforts to make tax processes more seamless and efficient, we are enhancing the way companies interact with us. The ‘Revise/Object to Assessment’ digital service allows companies to conveniently submit all necessary informa ...Read More

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Last updated 25 August 2022