IRAS nabs 279 high-income earners over sham arrangements to pay less tax

SINGAPORE – The taxman has caught 279 high-income earners to date for using sham arrangements such as setting up private companies to receive their income to avoid paying more tax.Out of this group, the Inland Revenue Authority of Singapore (IRAS) probed 124 cases from 2021 to 2025 and clawed back $49 million in additional tax.All but one of these cases...

SINGAPORE – The taxman has caught 279 high-income earners to date for using sham arrangements such as setting up private companies to receive their income to avoid paying more tax.

Out of this group, the Inland Revenue Authority of Singapore (IRAS) p... [3773 chars]