Over 4,700 companies prosecuted in 2023 for failing to file tax returns or doing so late: Iras

Quick Summary:

The total penalties for such actions exceeded $4.9 million.

SINGAPORE – Over 4,700 companies were prosecuted in 2023 for failing to file their tax returns or doing so late, said the Inland Revenue Authority of Singapore (Iras) on Sept 26.

Errant companies that fail to file their returns for two years or more may be ordered by the courts to pay a penalty twice the amount of tax assessed, in addition to the fine, added the taxman.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Penalties Companies Iras Corporate Returns Directors Authority Date Income File Filing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-26 @ 17:35:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 647 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 22721843

View Article Analysis

About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 12 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 8 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

Publisher Details

Frequently Asked Questions