The Straits Times·3 min read·medium
IRAS nabs 279 high-income earners over sham arrangements to pay less tax
T
Tan Ooi Boon✦AI Summary
The Inland Revenue Authority of Singapore (IRAS) has identified 279 high-income earners who used sham corporate structures to avoid paying personal income taxes. The tax authority has successfully clawed back $49 million by targeting these contrived arrangements.
The taxman said 279 high-income earners were caught for sham arrangements to avoid paying more tax.
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