14/11/2020
#IRASTAXRECOVERY
If you’re running an online business, take heed.
Between 2015 and 2019, the Inland Revenue Authority of Singapore (IRAS) recovered more than $3.8 million in taxes and penalties from 65 audit cases on taxpayers who operate online businesses.
Click for some of the common compliance issues of online business owners.
Read more on what online business owners should comply with at https://www.iras.gov.sg/irashome/News-and-Events/Newsroom/Media-Releases-and-Speeches/Media-Releases/2020/Former-Businessman-First-to-be-Charged-for-Failure-to-Register-GST-for-Online-Sales/