Singapore Tax Authority Recovered $38 Million (S$49 Million) Evaded Taxes by 124 High-Income Earners & Caught Total of 279 High-Income Earners for Tax Evasion, 123 Cases Evaded Taxes by Receiving Income from Dividends (Tax-Exempt) or Interest-Free Shareholder Loans via Companies, Singapore Corporate Tax Rate at 17%, Singapore Personal Income Tax for Above S$1 Million Income is 24% (First S$1 Million 19.915% Tax), Singapore Personal Income Tax for S$500,000 Income is 16.83%

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Singapore Tax Authority Recovered $38 Million (S$49 Million) Evaded Taxes by 124 High-Income Earners & Caught Total of 279 High-Income Earners for Tax Evasion, 123 Cases Evaded Taxes by Receiving Income from Dividends (Tax-Exempt) or Interest-Free Shareholder Loans via Companies, Singapore Corporate Tax Rate at 17%, Singapore Personal Income Tax for Above S$1 Million Income is 24% (First S$1 Million 19.915% Tax), Singapore Personal Income Tax for S$500,000 Income is 16.83%

12th July 2026 | Hong Kong

Singapore tax authority Inland Revenue Authority of Singapore (IRAS) recovered $38 million (S$49 million) evaded taxes by 124 high-income earners & caught total of 279 high-income earners for tax evasion.  123 cases evaded taxes by receiving income from dividends (tax-exempt) or interest-free shareholder loans via companies.  Singapore corporate tax rate is at 17%/. Singapore personal income tax for above S$1 million income is 24% (First S$1 million 19.915% tax).  Singapore personal income tax for S$500,000 income is 16.83%.

“ Singapore Tax Authority Recovered $38 Million (S$49 Million) Evaded Taxes by 124 High-Income Earners & Caught Total of 279 High-Income Earners for Tax Evasion, 123 Cases Evaded Taxes by Receiving Income from Dividends (Tax-Exempt) or Interest-Free Shareholder Loans via Companies, Singapore Corporate Tax Rate at 17%, Singapore Personal Income Tax for Above S$1 Million Income is 24% (First S$1 Million 19.915% Tax), Singapore Personal Income Tax for S$500,000 Income is 16.83% “

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Singapore Tax Authority Recovered $38 Million (S$49 Million) Evaded Taxes by 124 High-Income Earners & Caught Total of 279 High-Income Earners for Tax Evasion, 123 Cases Evaded Taxes by Receiving Income from Dividends (Tax-Exempt) or Interest-Free Shareholder Loans via Companies, Singapore Corporate Tax Rate at 17%, Singapore Personal Income Tax for Above S$1 Million Income is 24% (First S$1 Million 19.915% Tax), Singapore Personal Income Tax for S$500,000 Income is 16.83%

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