The Straits Times·3 min read·medium
$6.8m in penalties and taxes imposed on nightclubs that charge for flower garlands
C
Claudia Tan
✦AI Summary
The Inland Revenue Authority of Singapore (IRAS) has collected over $6.8 million in taxes and penalties from nightclubs that failed to properly declare income from flower garland sales. Authorities clarified that these sales are fully taxable, regardless of how the revenue is split between the club and performers.
IRAS said flower garland sales are taxable supplies, and that goods and services tax applies to the full value of garland sales, not just the portion retained by the nightclub.
businesseconomy
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in