Case and status
IRAS announced two rental-income cases involving three people. Two were due to be charged on 16 March 2018 for omitted rent: one faced four counts concerning S$411,252 for YAs 2010–2013 and S$69,065.20 tax; the other faced three counts concerning S$299,769 for YAs 2012–2014 and S$52,854.75 tax, plus non-filing.
Facts, amounts and outcome
A third individual was due to face five charges on 13 April 2018 over falsified rental-expense invoices of S$284,308.52 for YAs 2009–2013, involving S$56,499.91 tax. The release gives proposed charges, not judgments. Undeclared rent and fictitious expense deductions are separate methods of reducing taxable rental income.
Official source
This report is independently written from the IRAS release dated above. Case status, policy announcements and historical figures refer to that release.
Read the complete IRAS release ↗