Over 3,000 taxpayers made false claims for employment expenses; Iras warns of misleading tax advice
The authority is aware that misleading messages on how to reduce income tax have been circulating
The Inland Revenue Authority of Singapore (Iras) has warned that over 3,000 taxpayers have made false claims for employment expenses. These taxpayers were misled by circulating messages that encouraged them to make false or incorrect claims for expenses that were not incurred or were not allowable as tax deductions. Employment expenses are those incurred while carrying out work and may be deducted from employment income, reducing the amount subject to tax.
Iras advises taxpayers to rely on valid, accurate, and properly substantiated claims, supported by relevant records such as receipts and invoices. Unsupported claims will not be allowed, and those found guilty could face penalties up to three times the undercharged tax or imprisonment.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
