Tag Archives: IRAS

MINDEF VOUCHERS FOR NS FITNESS & ICT ARE TAXABLE

Since April 2016, NSmen who performed well in their roles and keep themselves physically fit are eligible to receive a NS Excellence Award to reward them for their commitment to operational readiness. However, it is a little known fact that this "Award" is taxable under Singapore law.

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IRAS WANTS TO COLLECT $58.74 FROM DEAD SINGAPOREAN MAN

A reader sent a photo of a letter from the Inland Revenue Authority of Singapore, which is addressed to the family of the recently deceased Mr Garbrel. According to the letter, the IRAS is demanding payment for $58.74 in owed income taxes from the family of the late Mr Garbrel.

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BEWARE OF IRAS TAX SCAM EMAIL, DO NOT FALL PREY TO HACKERS

There have been reported cases of individuals receiving emails, letters, Short Message Services (SMS), or phone calls purportedly from IRAS, requesting you to provide confidential personal information such as personal particulars, personal identification numbers, passwords and bank account numbers, either by completing a form on a website or to someone who impersonates as IRAS staff.

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IRAS COLLECTS RECORD $43.4 BILLION OF S’POREAN TAX MONIES

The Inland Revenue Authority of Singapore (IRAS) say it has collected a record $43.4 billion in tax revenue last financial year, citing increased earnings for individuals and companies. In IRAS' latest annual report released on Wednesday, the amount of $43.4 billion was 4.4% higher than the $41.6 billion collected in the financial year before last year's.

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GOVT WILL FINE & JAIL S’POREANS WHO DO NOT PAY MEDISHIELD LIFE PREMIUMS

The Bill also gives the national insurance administrator the same powers as that of the Inland Revenue Authority of Singapore to recover unpaid premiums, such as through employers or banks. Such powers are needed because defaults on premiums by people who can afford to pay them will mean a heavier load on other policy holders. Full premiums are payable even by Singaporeans and permanent residents living overseas for long periods.

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