Income Tax Act 1947

The Income Tax Act 1947 (ITA) is an Act of the Singaporean Parliament to impose a tax upon incomes and to regulate the collection thereof.

It was commenced together with the formation of the Inland Revenue Authority of Singapore.

The latest amendment bill is still being made as of March 2016.

[1] Under Section 95 of the ITA, convicted taxpayers are subjected to a penalty of up to 200% of the amount of tax undercharged in cases of incorrect tax returns.

[2] Blogging is taxable in Singapore if it constitute gains or profits from a trade or a business under section 10(1)(a) of the ITA.