The Inland Revenue Authority of Singapore (IRAS) has published guidance on Current Areas of Audits for GST compliance, including the consequences for non-compliance.
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Current Areas of Audits
GST is a self-assessed tax. IRAS conducts regular audits to encourage voluntary compliance among taxpayers and ensure that every taxpayer pays its fair share of taxes.
We identify key areas of compliance risks among taxpayers and adopt a risk-based approach to tailor specific compliance programme…