Inland Revenue Authority of Singapore

When Singapore attained independence on 9 August 1965, substantial changes were made to the Income Tax Act, which came into effect on 1 January 1966.

This period witnessed the growth of the service sector and substantial resources were devoted to staff training.

The trend towards indirect taxation resulted in the introduction of the Goods and Services Tax (GST) in 1994.

17% companies and max 22% [2] for individuals On 1 September 1992, the Inland Revenue Authority of Singapore (IRAS) was established by legislation as a statutory board[3] under the Ministry of Finance.

The conversion was to give IRAS the autonomy and flexibility to manage its personnel and financial resources.

Blogging is taxable in Singapore if it constitute gains or profits from a trade or a business under section 10(1)(a) of the Income Tax Act 1947 (ITA).

In FY2016/17, IRAS uncovered 10,626 non-compliant cases and recovered about $332 million in taxes and penalties through rigorous audits and investigation.