'About S$60 million in ABSD and surcharges will accordingly be clawed back,' the Deputy Prime Minister and Minister for Finance Lawrence Wong said SINGAPORE: Deputy Prime Minister and Minister for ...
THE Inland Revenue Authority of Singapore (Iras) has discovered 166 cases of private property purchases that involved tax avoidance as at April 2024, and about S$60 million in Additional Buyer’s Stamp ...
Iras completed review of 187 '99-to-1' cases of tax avoidance as of April 2024. DPM Lawrence Wong noted that of the 166 tax avoidance cases, about 10 with evidence of potential involvement by property ...
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In April 2023, ABSD-related headlines dominated news cycles as IRAS announced revisions to the ABSD rates, impacting homebuyers. Now, a year later, history seems to be repeating itself, albeit with a ...