Tax & GST

IRAS

Inland Revenue Authority of Singapore

Singapore's tax authority, responsible for assessing and collecting corporate tax, GST, personal income tax, and stamp duty.

Definition

The Inland Revenue Authority of Singapore (IRAS) is the statutory board under the Ministry of Finance that administers Singapore's tax system. IRAS assesses and collects corporate income tax, individual income tax, Goods and Services Tax (GST), property tax, stamp duty, and various other taxes. Companies interact with IRAS primarily for ECI filing, Form C-S/C corporate tax return filing, GST returns, and withholding tax.

Example

After your company's first financial year ends, you must file an Estimated Chargeable Income (ECI) with IRAS within 3 months, then submit Form C-S or Form C by 30 November of the following year.

Related terms

ECI - An IRAS declaration of a company's estimated taxable income, due 3 months after ... Form C-S / Form C - The annual corporate income tax return filed with IRAS, due by 30 November of th... GST - Singapore's value-added tax (currently 9%), applied to the sale of goods and ser... Corporate Tax - A flat 17% tax on chargeable income, with partial exemption schemes that reduce ...