Tax 2023: Increased Penalties for Late Filing of Tax Returns
SINGAPORE: Over 2 million taxpayers (8 in 10 taxpayers) are set to enjoy having their tax returns pre-filled this year. This is made possible as the Inland Revenue Authority of Singapore (IRAS) extends the Auto-Inclusion Scheme (AIS) for Employment Income to more than 100,000 qualifying employers, who are to electronically submit the employment income information of…