Promoting Tax Excellence by SIATPPage | 1Since the commencement of the Income Tax (Amendment) Act 2018and the Goods and Services Tax (Amendment) Act 2018on 12 November 2018 and 1 January 2019 respectively, the power of the Inland Revenue Authority of Singapore (IRAS) to investigate tax crimes in relation to both income tax and goods and services tax (GST) was enhanced. In addition, IRAS is also empowered to share information with other law enforcement agencies (LEAs) going forward.
Accredited Tax Advisor (Income Tax and GST) S. Sharma, Partner at Malkin & Maxwell LLP, shared his insights on IRAS’ enhanced powers of investigation and the safeguards provided in the law at a recent Tax Excellence Decoded session titled “Tax Arrests and More”; the session was organised by the Singapore Institute of Accredited Tax Professionals (SIATP).
Source: https://www.siatp.org.sg/ArticlesResources/200122-Tax-Arrests-Article-NM.pdf