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Inland Revenue Authority of Singapore

Revised property taxes benefit owner-occupied properties with lower annual value

Two years ago, Deputy Prime Minister and Finance Minister Lawrence Wong introduced a “two-stage increase” in home property tax in Singapore’s 2022 Budget. It was to be a “wealth tax” targeting all investment properties and higher-value segments of owner-occupied private…

What happens if you don’t report your taxes accurately?

As long as you earn income from your business or employment in Singapore, you must file your income tax return, usually by April 18. Although companies and private individuals fear taxes, they represent one of the most important sources of…